Why is strategy important to business?, business and finance assignment help

For this week's Assignment, you will complete a short answer on the following question:Why is strategy important to business?You will want to address the main components (three-tier process) of the strategic management process while discussing the importance of strategy for business.Be sure to use your Reading this week as a resource. You are encouraged also to use the Library databases and the Internet as additional resources.For additional Assignment details see Rubric below.Reference:Pearce, J. A., & Robinson, R. B. (2013). Strategic management: Planning for domestic & global competition (13th ed.). New York, NY: McGraw-Hill.Assignment Checklist:Explain the concept of the strategic management (three-tier) process.Discuss the importance of having a future oriented plan.Discuss the organization’s vision, mission, purpose, philosophy or goal.Discuss the strategic process as input for future decision making.