.S. Steel’s strategic plan offers a number of potential benefits to organization. They are very much interested in thinking critically about their future and those who are willing to devote the time and effort needed to sustain an ongoing planning process. Experience has shown that mission and vision statements can provide a useful framework for making policy level decisions. U.S. Steel aligns its organization with its environment through a focused effort that impacts better decision making, and improved communication. Their strategic plan is an action oriented process that features well prepared implementation and strong benchmarking elements. This allows the organization to establish long range objectives to address identified issues. However, knowing some of the benefits that strategic planning can produce, it is important to note that it is time consuming and is basically a tool that can be used to help a commitment. U.S. Steel understands that this type of planning is never considered a onetime deal, but a process that details the company’s activities.
U.S. Steel’s mission statement is defined as a statement of what purpose the company has. Their statement clarifies and explains why the company exists. It describes the corporation’s main activities and the position it wants in its industry. It states the key values and implements attitudes towards the commitment to the stakeholders. It is basically the key to fulfilling their end obligation in providing consistently attractive returns to the owners. U.S. Steel’s strategic management process is the set of managerial decisions and actions that determines the long run performance of its organization. It involves all the functions of business management that provides a common vision for the whole organization. The first step is identifying the organization’s current mission, objectives and strategies. Defining the organization’s mission forces managers to carefully identify the scope of...