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Discuss the difference between a company's mission and vision statements. Why are both important for developing a comprehensive business strategy? How do core competencies contribute

Discuss the difference between a company's mission and vision statements. Why are both important for developing a comprehensive business strategy?

How do core competencies contribute to a firm's competitive advantage? Provide examples from different industries.

Can a business strategy be successful without a clear understanding of the target market? Explain your perspective.

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