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This exercise is designed to give you practical experience in learning how strategists in your city or town formulate and implement strategies. This information can be used to compare and contrast concepts presented in this textbook with practices of local strategists. Recall that strategists include owners of businesses, directors of nonprofit organizations, top managers of large firms, CEOs, presidents, and many others. Instructions Step 1 Contact several business owners or top managers. Find three organizations that do strategic planning. Make an appointment to visit with three strategists of the businesses. Step 2 Interview them, asking the following questions. • How do you decide which strategies to implement in this organization? • How often do you change strategies or take a fresh look at existing strategies? • How many persons assist you in formulating strategies? • Does your organization have written mission, vision, and objective statements? • Is the strategic-planning process in your company more secret or open in regards to process and procedure? Which approach do you feel is best? Why? Step 3 Prepare answers and report back to your professor.