MBA5510 Discu

Most organizations, including hospitals, adopt both Mission and Vision Statements.  Both can usually be found posted prominently on the wall, and on the organization’s website.

What is the difference between a Mission Statement and a Vision Statement?  Why would both statements be important as it relates to strategic planning? Are they important in achieving a competitive advanatgae?

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Discuss the basic building blocks of developing a market competitive pay system, including the relationship between internal and external equity.