3 in the textbook. Write a 950- to 1,100-word paper in which you address the following:

MGT 521 University of Phoenix

Week 3 assignment

Review Figure 5.3 in the textbook.

Write a 950- to 1,100-word paper in which you address the following:

  • Explain why the 3 types of goals are important to the strategy of an organization.
  • Explain why the different types of planning are important to the strategy of an organization.
  • Examine the elements or factors involved in creating an effective strategy for an organization. Cite a minimum of 2 peer-reviewed sources and include examples from one or more Fortune 500 companies to illustrate your points.