Reference no: EM132325071
All this just need to be reworded. NOT APA nor MLA needed.
1. Distinguish between the concepts of mission and vision. Provide examples in your explanation.
Your response should be at least 75 words in length.
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Mission and vision statement are used in many organization to lay out who they and to identify their business to the external and internal customers. A vision statement is the foundation of an organization. It clearly states to the internal and external customers what the organization is all about. For example for the 375th Air Mobility Wing vision statement is "The Vision of the 375 Air Mobility Wing is providing precise combat capabilities to the warfighter....always". This clearly states what the vision of the organization is which is ensuring the warfighters have the combat capabilities to do their jog. With a mission statement it is used to state the values and of the organization and it is used to separate the organization from it competitors. For example the 375th Air Mobility Wing mission statement is "The mission of the 375th Air Mobility Wing is enabling combat power". With this mission statement it clearly states that the organization will enable combat power which tells the employees within the organization that they are trusted with power ensure the warfighters have what they need in a timely manner.
2. Are "strategic management" and "strategic planning" synonymous terms? Explain.
Your response should be at least 75 words in length.
(needs to be re-worded)
Strategic management and strategic planning are considered synonymous terms because they are both used to discuss how organizations make decisions regarding their business vision and mission and goals for the future. Even though the term strategic management is used in mainly within the realm of education and strategic planning is used more in the business world they both follow the same concept. Both strategic management and strategic planning focus around organizations focus on strategy to remain competitive and diverse through the changing economy.
3. Describe the strategic management process, and include how it is used by organizations.
Your response should be at least 75 words in length.
(needs to be re-worded)
The strategic management process has three stages which are strategy formulation, strategy implementation, and finally strategy evaluation. When looking at the strategy formulation this requires an organization to create the foundation of their organization. This includes creating a mission and vision statement and looking at what external and internal threats or opportunities that will affect the organization. When looking at the strategy implementation this entails an organization to establish objectives that will need to be meet and according to what time frame these objectives will be meet. This requires employees and leaders putting the strategic plan into action. Finally, with strategy evaluation this requires those individuals who are in leadership positions to see what is working within the strategic plan and what is not working. This requires reviewing performance objectives and making any corrections that are needed to get the strategic plan back on track.
4. Colleges and universities, like all business, have strengths, weaknesses, and competitors. What would you consider to be an online university's internal strengths and weaknesses? Why? Also, who would you say are the competitors to online universities? What are three external opportunities and three external threats?
Your response should be at least 200 words in length.
(needs to be re-worded)
Colleges and universities are like any other business that competes for costumers, and like business they have strength and weaknesses that are internal and external. When looking at the internal strengths of an online university, is that online university's have a very diverse student population, which can consist of students from all different states and countries. With online universities they do have compasses located within a given state and sometimes where the campus is located can be appealing for students. Another internal strength is the ability to work with military personal who can attend their online class no matter where they are located. Some of the internal weakness is that it is very hard to keep students enrolled in their degree program. Another internal weakness is trying to keep the tuition affordable for current and future students. Finally, with technology always changing it is hard to keep up with all the new technology and providing the latest in technology to the staff and students. The biggest competitors for online universities are the local community colleges and University's that are in all 50 states. With an over abundance of choices for students to go to school this makes online universities to work even harder to attract students to their online universities. When looking at online universities there are some external opportunities and external threats. When looking at the external opportunities online universities offer the students the ability to attend college when it is convent for them no matter where they are at, this does away with having to attend classes in a classroom setting. Also, online university's offer many different degree programs and certificate programs that may not be offered to the students based off their geographical area. Another strength for online university's they can increase the number of students who attending the college without having to worry about over crowded classrooms. This reduces the amount of overhead that must be paid to maintain a huge campus to accommodate all the students. Finally, the biggest external strength is that online universities can attract more students to attend their university by appealing to them that they can take the classes when it is convent for them. Some external threats for online universities are reduced public funding from the state that they are operating from. Also with new technology being developed every year it puts online universities at a disadvantage. Especially if the online students have a hard time using the new technology they are forced to trouble shoot the problems via the internet and by phone. This may discourage students from attending their courses. Finally, another external threat is maintaining accreditation in order to keep the school open.
5. Within this unit, we discussed how businesses may need to adapt to changing times in order to stay competitive. Their initial practices may have worked well previously, but may not serve them well in the long term. The newspaper industry is one that may face extinction. Explain why they may need to rethink their business strategy, and provide some advice on possible strategic management changes. Be specific to include goals/objects, strengths, and weaknesses.
Your response should be at least 200 words in length
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With the growth in technology and social media awareness, the newspaper industry has been having a rough time for almost a decade now. Print readership is steadily declining, journalists are being laid off and newspaper organizations have been shut down. With changing times, it is important to change the business philosophy and the business model to sustain and survive in the long run. New business strategies should be adopted by the newspapers to keep up in the market. The main goal of newspapers should be to sustain by combating diminishing reader interest. This can be done by using the social media at the fullest. With e-presence, the newspapers can publish articles online on social mediaplatforms such as Twitter, Facebook, etc. Secondly, the newspapers can focus on redefined content and shortening the content of news. People do not have enough patience to read long articles. Shortening the articles can help gain readership from younger audiences. Mobile apps are another way to combat diminishing readership. Peopleuse their smartphones to get all work done and a mobile app will help to stay connected with the readers.