How often should an organization’s vision/mission be changed in light of strategy evaluation activities?
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- There are a number of techniques employed to conduct an analysis of strategy options from which an organization can choose and implement to aid its attainment of long term objectives. As a staff of Despite Group of Companies, co-opted into a strategic planning committee, you have been tasked to do the following;(i) Distinguish between the application of VRIN or VRIO framework from the application of the Boston Consulting Group’s Growth-Share-Matrix (BCG-GSM) by organizations.(ii) Present a well labelled graphical illustration of this model (Boston Box) for DESPITE Group of Companies. (iii) Explain each of the four quadrants in this matrix by identifying where each named subsidiary within the Despite Group falls with a description of appropriate strategies that may work out for each quadrant.Discuss the similarities and differences between an organization’s mission and its vision. What is their value for the strategic management process?Discuss the 3 levels of strategy formulation and explain what is entitled at the Group or Corporate level strategy formulation