1. Select a company and identify its mission statement. Using this weeks course readings, explain whether the company has a good mission statement. Discuss whether the company has a successful vision statement. If so, is the vision statement a good vision according to the course materials? Why or why not.
2. Many organizations talk about how there is a need to develop a new strategy, but unfortunately do not clearly understand the difference between developing a strategy and establishing a new plan. Using the course readings, clearly define the difference between a Strategy and a Plan.
3. Differentiate between Goals and Objectives and explain how managers use these to support the organizational plan. Give examples.
References:
Why It Matters: Planning and Mission
Mission, Vision, and Values
Pros and Cons of Planning
The Planning Cycle
Types of Plans and Common Planning Tools
Putting It Together: Planning and Mission
Why It Matters: Environments and Strategic Management
The Role of Strategy in Management
Common Frameworks for Evaluating the Business Environment
Common Frameworks for Situational Analysis
Stages and Types of Strategy
How Environment Affects Strategy
Putting It Together: Environments and Strategic Management
https://www.forbes.com/sites/georgedeeb/2017/07/05/5-considerations-when-setting-your-ma-goals/#356ca0365370
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