Effective goals should be ____________ steps that move your company toward achieving its longer-term mission and vision, such as improving the environment, alleviating suffering, or simply making money.

Change in the status quo of any market component creates some degree of equilibrium, which means that there are likely to be customers somewhere who are being underserved, creating an opportunity for new business opportunities. Select one: True False         The Creating Phase is a creative activity where old strategies are used to envision and define businesses of the future.  Select one: True False         A _____________________  ____________________ is a market, product, technology, or business process that lies beyond a company’s current corporate strategy and business model. a. Strategic Frontier b. Strategic Plan c. Business Model  d. Discovery team

A vision is aspirational, stating what the firm wants to be.  True / False

Why is strategic planning important for entrepreneurs? (1000 words please!)