Project Analysis Approach and Project Development Life Cycle Methodologies Process

The Corporate Mission and Vision
The first component of the strategic management process is crafting the organization's mission statement which is a description or declaration of why a company is in operation, which provides the framework or context within which strategies are formulated. A mission statement typically has three main components: a statement of the company or organization which normally referred to as the mission or vision of the company. (Hill/Jones, Page 10)
The mission or vision is a formal declaration of what the company is trying to achieve over the medium to long te…