Choose any two companies. Critically analyze and provide a review of their vision statements based on the characteristics (at least 3) discussed in class.
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- Before moving forward with its strategic management, organizations should develop vision statements that describe Multiple Choice what the company wants to become and where it wants to go strategically. what the company will market and its business plan. the organization's purpose or reason for being. the organization's purpose or reason for being and its strategic intent.Is a company more likely to adjust its mission statement or its business strategy? Explain your answer.Explain the concept of a "strategic plan." What are the key components of a strategic plan, and how does it align with the organization's mission and vision?
- Do you think Harvard Business Review by author Nicholas Carr ('IT Doesn't Matter') in 2003 is still valid today. Does IT provides or doesn't provide strategic advantage for organizations? Make sure to provide examples and evidence of your position.Mission statements guide an organization’s decisions and strategic plans. Locate an organization’s mission statement. Evaluate the effectiveness of the organization’s mission statement. What changes would you propose the organization make to the mission statement?You are creating or operating your own business (manufacturing, service company). According to what you have studied in the contemporary management course, you are required to. Prepare the company’s vision, mission and values. propose the company's SWOT matrix from your point of view through the SWOT analysis, identify the main grand startegy (strategic trend) whithin each grand startegy ( strategic trend), set the main goals (3 or 4 goals) the company seeks to achieve
- Explain what a strategic vision is and what is its importance in the company. Provide an example of a company vision. Explain what a mission statement is and what is its importance in the company. Provide an example of a company mission statement.Critically evaluate the managerial and leadership competencies required to deliver the strategic ambition over the period of the plan4) Explain the concept of competitive advantage. Why is it central to the study of strategic management? Explain with example (s).
- Explain the following based on your knowledge and give sample scenario in the business: 1. Portfolio Analysis 2. SWOT Analysis Elaborate your answer.Explain the five forces that a manager must consider in his strategic choice for competitive advantages as proposed by Michael Porter .Create a brief vision statement for your venture. State the value proposition for the venture. Create a draft business model for the venture using the elements of the business model What are your venture’s core competencies and competitive advantage?