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1. Select a company and identify its mission statement.
Using this week’s 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:
https://courses.lumenlearning.com/wmopen-principlesofmanagement/chapter/why-it-matters-planning-and-mission/
https://courses.lumenlearning.com/wmopen-principlesofmanagement/chapter/reading-mission-vision-and-values/
https://courses.lumenlearning.com/wmopen-principlesofmanagement/chapter/reading-pros-and-cons-of-planning/
https://courses.lumenlearning.com/wmopen-principlesofmanagement/chapter/the-planning-cycle/
https://courses.lumenlearning.com/wmopen-principlesofmanagement/chapter/reading-types-of-plans-and-common-planning-tools/
https://courses.lumenlearning.com/wmopen-principlesofmanagement/chapter/putting-it-together-planning-and-mission/
https://courses.lumenlearning.com/wmopen-principlesofmanagement/chapter/why-it-matters-environments-and-strategic-management/
https://courses.lumenlearning.com/wmopen-principlesofmanagement/chapter/the-role-of-strategy-in-management/
https://courses.lumenlearning.com/wmopen-principlesofmanagement/chapter/common-frameworks-for-evaluating-the-business-environment/
https://courses.lumenlearning.com/wmopen-principlesofmanagement/chapter/common-frameworks-for-situational-analysis/
https://courses.lumenlearning.com/wmopen-principlesofmanagement/chapter/stages-and-types-of-strategy/
https://courses.lumenlearning.com/wmopen-principlesofmanagement/chapter/how-environment-affects-strategy/
https://courses.lumenlearning.com/wmopen-principlesofmanagement/chapter/putting-it-together-environments-and-strategic-management/
https://www.forbes.com/sites/georgedeeb/2017/07/05/5-considerations-when-setting-your-ma-goals/#356ca0365370
https://www.partnersinleadership.com/insights-publications/how-to-prepare-your-company-for-a-merger-or-acquisition/