Reference no: EM132443573

Part 1:

Question 1: Explain, in your own words, what the terms mission, vision, goals, and values mean from an organizational standpoint. What is the practical purpose of a statement of organizational values? Under what circumstances should an organization consider changing these, if at all? How do they contribute to the strategic direction of an organization? If you were a department manager, how would you implement and sustain these in your organization? Support your primary response with at least one scholarly source. Answer all questions and there entirety. 150 words

Part 2:

Question 2: Explain the four fundamental ways in which a business can grow its revenues and profits. What reward system would you put in place for an organization of your choice (please specify) as part of the operations and budget planning process? Provide a rationale for that reward system. Support your primary response with at least one scholarly source. 150 words