Question Module 1 -Home Strategic Management Process/Vision, Goals, Objectives

Module 1 -Home

Strategic Management Process/Vision, Goals, Objectives

Assignment

In this assignment, you will be critically evaluating the vision, values, mission statement, and goals/objectives of the Kraft Foods Group.

Keys to the Assignment

After studying the background materials and completing the SLP, you are in an excellent position to evaluate a company’s published mission, vision, values, and objectives/goals. This Case asks you to begin your strategic analysis of the Kraft Foods Group by evaluating the company’s mission, vision, values, and goals. To do this, observe the following procedure:

• Step 1: Visit the official website of the Kraft Foods Group, and identify the company’s vision, mission, values, and goals. (Hint: You’ll need to do some exploring and a certain amount of speculation—as the terms “vision” and “mission” (and sometimes even the term “company goals”) are used interchangeably. Explore the “About Us,” and “Investor Center” links. Also, look closelyat the most recent Annual Reports.
• Step 2: Criticallyevaluate the mission, vision, values, and goals (again, you’ll likely need to make decisions as to which is which). Use the criteria in the background materials as well as the readings related to the SLP to support your assessment of the quality of the company’s mission, vision, and values.
• Step 3: Determine which (if any) of the elements consider the goals and needs of specific stakeholder groups. Write down any examples.
• Step 4: Consider what changes are needed to improve the vision statement, the mission statement, the statement of company values, and the company’s objectives and goals.
• Step 5: Write a 5- to 7-page paper addressing the above requirements. While you must meetminimum length requirements, you must also address the above requirements with precision and with appropriate breadth and depth.

NOTE THE FOLLOWING REQUIREMENTS AS WELL:

1. Use of proper APA style is required in this course. Therefore, prepare your Case with proper documentation of sources, using in-text citations and a complete reference list. Refer to theWell-Written Paper guide if you are not familiar with APA style.
2. Consider the Case as a formal business report that you are developing for the Board of Directors and CEO as the Kraft Foods Group’sconsultant. This is a professionaldocument. Follow the format below:
3. Executive summary: This is a synopsis of the main points, conclusions, and recommendations made in the longer report. If you have never written an executive summary before, or would like a refresher, check this link:http://www.highendfinance.com/CommercialLoans/Docs/07-4%20ES%20Guidelines.doc
4. Introduction:State the main purpose of the paper (thesis statement), what you hope to accomplish, and how you will go about doing it.
5. Main Body: The “meat” of the paper. Emphasize analysis, not just description. Delineate separate topics or sections with appropriate use of headings.
6. Note: You must use section headings to respond to all major requirements in all papers. Your section headings should appear similar to the following:
   • Introduction
   • Company’s Mission Statement and Analysis
   • Company’s Vision and Analysis
   • Company’s Values and Analysis
   • Alignment of Company’s Mission, Vision, Values, and Goals with Stakeholders’ Interests
   • Recommended Changes
   • Conclusion

Assignment Expectations

Your paper will be evaluated on the following seven points:

• Precision – Does the paper address the question(s) or task(s)?
• Breadth – Is the full breadth of the subject (i.e., the Keys to the Assignment) addressed?
• Depth – Does the paper address the topic in sufficient depth and include the Background reading and other Background resources as references?
• Critical thinking – Is the subject thought about critically, that is, accurately, logically, relevantly, and precisely?
• Clarity – Is the writing clear and are the concepts articulated properly? Are paraphrasing and synthesis of concepts the primary means of responding to the questions or are points conveyed through excessive use of quotations?
• Organization – Is the paper well written? Are the grammar, spelling, and vocabulary appropriate for graduate-level work? Are headings included in all papers longer than two pages?
• Referencing (citations and references) – Does the paper include citations and quotation marks where appropriate? Are the references from the Background readings and assignment present and properly cited? Are all the references listed in the bibliography present and referred to via citation?

Module 1 -SLP

Assignment

In this module, you will be learning what constitutes good mission and vision statements. You will also be developing a list of criteria for evaluating such statements. You will then use these criteria to evaluate a corporate vision and mission statement in the Case. Finally, you will be comparing your two lists for commonalities and differences.

Keys to the Assignment

The key aspects of this assignment that you must cover in your3- to 4-page paper are:

• Step One: Read the Background materials and conduct additional research about writing mission and vision statements. You may rely solely on the websites in the Background materials or supplement them if you wish. You will find that there are a great many opinions on what constitutes a “good” mission statement. Your job is to identify five criteria that you believe are crucial to devising good mission statements.
• Step Two: Research the Background websites dedicated to writing vision statements. Again, you may supplement them if you wish. Identify five criteria you think are critical to good vision statements.
• Step Three:In a 3- to 4-page paper:
  • List the five criteria you have chosen for mission and vision statements (i.e., five each). This can be a bulleted list.
  • Justify your choices. Explain why you think each individual criterion is important.
  • Critically compare the commonalities and differences between your two lists. Be sure that you address this requirement with appropriate depth.

Module 2 -Home

External Environment Analysis

Assignment

An environmental analysis can be an extensive undertaking, requiring far more time and resources than we have for this course. Therefore, be sure that you do not give an inordinate amount of attention to any one factor to the exclusion of other important ones.

Keys to the Assignment

• Step One: Using the sources you identified in the SLP, collect some data to support an industry analysis of each of the Five Forces in Porter’s model.
• Step Two: Using the sources you identified in the SLP, collect some data to support an analysis of each of the four elements in the PEST analysis. When considering economic data, use the most current data you can find.
• Step Three:In a 5- to 6-page paper, write the results of your external analysis, and be sure to label each of the Five Forces as high,moderate, orlow. Taken together, the Five Forces analysis and the PEST analysis should lead to conclusions about the opportunities and threats facing the Kraft Foods Group as revealed by your research. The data you report from the Five Forces and PEST analysis must be properly cited using APA style.
• Step Four:Consider the Case as a formal business report that you are developing for the Board of Directors and CEO as theKraft Foods Group’sconsultant. This is a professional document. Follow the format below:
  • Executive summary: This is a synopsis of the main points, conclusions, and recommendations made in the longer report. If you would like a refresher on writing an executive summary, check this website:http://www.highendfinance.com/CommercialLoans/Docs/07-4%20ES%20Guidelines.doc
  • Introduction:State the main purpose of the paper (thesis statement), what you hope to accomplish, and how you will go about doing it.
  • Main Body: The “meat” of the paper. Emphasize analysis, not just description. Use section headings in this paper—and all papers. For example:
    • Executive Summary

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