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

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?