Bonar Paint to date has had no formal strategic planning process.(d) What are the advantages and disadvantages of developing a formal mission statement to guide Bonar Paint’sfuture direction after the buyout? (10 marks)

Bonar Paint to date has had no formal strategic planning process.

(d) What are the advantages and disadvantages of developing a formal mission statement to guide Bonar Paint’s

future direction after the buyout? (10 marks)


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