18 Jun DOES THE MISSION STATEMENT TELL WHO THE COMPANY’S CUSTOMERS ARE?
In your own words, define strategic planning and explain why it is crucial to an organization’s survival. In your response, include a description of how strategic planning differs from strategic management. Lastly, explain how your current or previous organization’s strategy might influence its business model. Respond to at least two of your classmates’ posts. You must create one initial post and at least two responses, for a minimum of three posts for this discussion.
Problems with Strategic Planning
After reading the article “UPS holiday season fiasco: a failure of strategic planning,” describe where the problem was with UPS’ and FedEx’s strategic planning. How did the fear of losing market share affect their strategic planning? What are potential solutions? Respond to at least two of your classmates’ posts.
Assignment
To complete this assignment, go to this week’s Assignment link in the left navigation:
Evaluating Mission Statements
The mission statement describes the purpose of the organization (i.e., why the business exists). As outlined in the Mission Statements article, here are some things to consider when evaluating a mission statement:
Is the mission statement focused on satisfying customer needs rather than on the product?
Does the mission statement tell who the company’s customers are?
Does the mission statement explain what customer needs the company is trying to satisfy?
Does the mission statement explain how the company will serve its customers?
Does the mission statement fit the current market environment?
Is the mission statement based on the company’s core competencies?
Is the mission statement motivating and does it inspire employee commitment?
Is the mission statement realistic?
Is the mission statement specific, short, sharply focused, and memorable?
Is the mission statement clear and easily understood?
Does the mission statement say how the company wants to be remembered?
Review the following mission statements. Evaluate each mission statement based on the above criteria and explain how the mission statements meet or failed to meet those criteria.
Home Depot’s Mission Statement
The Home Depot is in the home improvement business and our goal is to provide the highest level of service, the broadest selection of products, and the most competitive prices. We are a values-driven company and our eight core values include the following:
Excellent customer service
Taking care of our people
Giving back
Doing the “right” thing
Creating shareholder value
Respect for all people
Entrepreneurial spirit
Building strong relationships
Nike’s Mission Statement
Our mission is to bring inspiration and innovation to every athlete in the world.
In addition to the text, you must use at least one scholarly source. Your paper must be three to four pages in length (excluding a cover page and reference page) and be formatted according to APA style guidelines as outlined in the Ashford Writing Center.
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.