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This discussion assignment engages you with inter-active critical thinking on the subject of developing a comprehensive mission statement and its effectiveness in achieving organizational success. As you participate in future discussions within your organization on the critical process of developing mission statements, this exercise will help to develop your skill set.Upon completion of this assignment you should be able to: ·Analyze a business situation from multiple perspectives.·Explain key concepts related to strategic management, including the concept of competitive advantage.Resources.Textbook: Strategic Management: A Competitive Advantage Approach (ISBN0-13-344479-1)Instructions1. Review Chapter 2 and table 1-2 on page 18, "Seventeen Guidelines for the Strategic-Planning Process to be Effective" in our textbook. Focus on competitive advantage in your review of this material. (table 1-2 attached)2. Locate and review at least one of the references listed under Notes at the end of Chapter 2 through OCLS databases or find other sources to add to this discussion. (notes attached)1. Example: Review John Pearce's article (Under Notes on page 57 of Chapter 2), "The Company Mission as a Strategic Tool," etc. 2. When researching OCLS databases, the key words, "mission statement" and "vision statement" will yield considerable results. Incorporate the result of your research within your posting using the proper in-text citation and reference. Respond to the following:1. Discuss why you think organizations that have a comprehensive mission statement tend to be high performers? 2. Does having a comprehensive mission cause high performance? 3. What causes a strong correlation?
Consider the following facts. After the age of 25, persons with college degrees earn more than persons with no education beyond their high school degrees, ceteris paribus. Moreover, persons with high school degrees earn the same as persons who have h..
Monsanto, Corp paid dividends of $2.80 last year. Over the next three years the earnings and dividends are expected to grow by 10% per year. Thereafter, assume that the dividends will grow at a 5% rate forever. If investors required return on Monsant..
Florida Citrus Mutual, an agricultural cooperative association for citrus growers in Florida, needs to predict what will happen to the price and output of Florida oranges under the conditions below. What are your predictions? For each part, sketch a ..
You have maxed out your $10,000 credit card, which is being charged 12.8% interest compounded daily. What is the minimum monthly payment to continue to break even? How much should you pay each week to get out of debt within one year?
A credit card company wants your business. If you accept their offer and use their card, they will deposit 1% of your monetary transactions into a savings account that will earn a guaranteed 5% per year. If your annual transactions total an average o..
Consider a perfectly competitive firm's marginal revenue product of labor curve shown in the diagram. Using the line drawing tool, draw a new line that shows the effect of a decrease in the demand for the product produced by this fm. Label this li..
If you get this classmate as your partner on a series of projects throughout the year, rather than only once, Explain how might that change the outcome you predicted in part (b).
Illustrate what direction wills each of the subsequent occurrences shift the consumption also saving schedules, other things equal.
Illustrate what is the dollar value of the deadweight loss when output level is produced? Illustrate what is the dollar value of the total surplus when output level is produced
Consideration is being given to the investment of $420,000 at time zero for machinery and equipment to be depreciated using 7 year straight line depreciation starting in year 1 with the half-year convention. Annual sales are projected to be $450,000 ..
An individual, who has income I, cares only about two goods: X and Y. Their prices are Px and Py, respectively. The individual's utility function is U(X,Y)=aln(X)+(1-a)ln(Y).
Broad overview of economy and oil in the world
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