Before a manager can consider the right innovations to pursue, they must understand what the organization is best at and its strategic direction. discuss the importance of knowing the core competencies and why internal and external analyses are important. Please respond to the following. Q1) What is the importance of having clear well articulated Mission and Vision Statements? Q2) Why is it necessary to perform an external and internal analysis before the company can identify its true core competencies? Q3) What happens when either analysis is poorly done or not done at all?