Mission Statement, Modeling and Simulation: a Synergy
STRATEGY literally relates to the mode by which an organization intends to reach its goal or objective. In a way, there is either a correlative or curvilinear relationship between modeling and strategy
on the one hand, and simulation on the other hand in an organizational setting.
The adoption of any of these depends on the individual choice of organizations as it is usually a semantic option in the end.
In not a few organizations, we see such thing as a 'MISSION STATEMENT
' which tends to spell out in a nutshell, what the company has as goals and objectives and the way to go about achieving same.
By way of definition, 'MODEL' simply means a systematic representation of an object or event. 'SIMULATION', on the other hand, has to do with an imitation or reproduction of essential features of something with a view to enhance production through training.