1.

Vital role of strategic management

Corporate governance is an important part of strategic management that can improve firm
performance. Despite its importance, many people are unclear about what corporate governance
is precisely. Both managers and investors should understand what corporate governance is and
the role that it plays in firms. Being aware of what corporate governance is will allow them to
see how it affects their respective businesses.

Good governance practices entail active participation of shareholders in the direct and indirect
management of corporation through the Board of Directors and an arrangement of productive
checks and balances among shareholders, board of directors and management of corporations.
2. Needs of strategic management
 To Keep Pace with Changing Environment: Modern
corporations are operating in a highly dynamic
environment, which is ever changing, constraining and
uncertain.
 To Boost Employees Efficiency: It is a common
observation that employees carry out their tasks
effectively if they have a clear role perception.
 To Furnish a Strong Base For Unified Decision Making: As
strategic management focuses on the determination of
the major organizational objectives, by “identifying the
things to be achieved,” it furnishes a strong base for
unified decision-making.
3. Vision

McDonald's Corporate Vision Statement

McDonald's corporate vision is “to move with velocity to drive profitable growth and become an
even better McDonald's serving more customers delicious food each day around the world.” This
statement is included in the growth plan that the company introduced in 2017.

Mission Mcdonalds

To serve the filipino community by providing great-tasting food

Vision mang inasal and the most relevant customer delight experience

Alagang Pinoy Service

 It is our aim not just to deliver high-quality meals but to serve the Alagang Pinoy way. We serve
our customers with puso - by always making them our first priority in ways that connect to our
customers. In Mang Inasal, FSC is our way of life.

Mission mang inasal

To serve great tasting food, bringing the joy of eating to everyone.

Mission greenwich
We strengthen relationship through bonding and sharing over our best-tasting
and best value pizzas and pastas.

Vision greenwich
Greenwich is the dominant and unquestionable no. 1 pizza and pasta destination.