1. For most Corporations recessions or financial crisis is a problem where key strategic management process is important to keep in place. What do corporations do to defend itself during such times of

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1. For most Corporations recessions or financial crisis is a problem where key strategic management process is important to keep in place. What do corporations do to defend itself during such times of crisis?

2. Many organizations develop both a mission statement and a vision statement. In your understanding is there a difference and why is it important for organizations to have one?

3. What is an external assessment and why is it important for an organization to have one?

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