does not have to be 1050 words can be 800-1000 words and in APA format

Review Figure 5.3 in the textbook. 

Write a 1,050- to 1,400-word paper in which you address the following: 

• Explain why the 3 types of goals are important to the strategy of an organization.
• Explain why the different types of planning are important to the strategy of an organization.
• Examine are the elements or factors involved in creating an effective strategy for an organization? 

Cite a minimum of 2 peer-reviewed sources and include examples from one or more Fortune 500 companies to illustrate your points.