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1. Read Module 1 and Module 2. These modules primarily cover some basic concepts and definitions relating strategic planning and management. What do you understand with a "vision" and a "mission", what is the difference between them, or are they the same? What are "Goals" and "Objectives", and "Tasks" within a strategic plan; is a "tactic" the same as "strategy"; within strategy concepts how does "policy" differ from a "tactic" and "strategy".

The vision and missions of organizations are to make statements of purpose, but what separates them is what they describe. A vision in my understanding is a statement for an organization that will be words that best represent the long term but realistic goals for the organization. It focuses on answering the question of what they want to become in the future. A mission however, are the reasons of why the organization exist and what is that they do. The mission describes products and services, it also tells you their intended market, and describe the applicable technologies being used along with who their customers are. Organizations also have goals and objectives. Goals are set up to express aspirations that cannot be measured by the organization. Objectives are what the company would like the outcomes to be. Both goals and objectives are often used interchangeably. Three other terms that congruent to an organization are; strategy, tactic, and policy. Strategy is defined as the overall plan and the means and actions to be taken. It is also aimed for achieving long term objectives. Tactic is the plan for the specific action to gain a short term completion goal or have the immediate advantage. Lastly policy, is a set of rules or guidelines to limit actions of individuals of the company or organization.

2. View the Michael Porter video on "What is Strategy" --- Identify, critically analyze and discuss the main items of

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