There are 03 common types of strategy misconception:
After researching and practical testing, Sleader has come up with a practical and universal definition: Strategy is a consistent series of decisions to shape the long-term future and create outstanding results, which results in qualitative breakthroughs in business.
Strategies help businesses to:
A mission is a statement that declares the reasons for each business’s existence. To define the mission, it is necessary to answer the question: “What is the purpose of the establishment and existence of a business?
Mission is formed based on 03 main pillars: (1) business lines, (2) business philosophy, (3) aspirations of business leaders.
Through practical research and consulting for Vietnamese businesses, Sleader found that the reasons why businesses rarely announce their mission are that: