What are the firm major products or services

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Reference no: EM132224363

Let's assume a private school hired you to redevelop its Mission Statement and Strategic Plans for 2020.

Informed by corporate strategy, performance, and sustainability lecture materials, in particular, Chapter 2 (chapter 2 is about Corporate Strategy, Performance, and Sustainability describes the development of corporate strategies and the alignment of operations strategies. The important roles of ethics and sustainability in developing operations strategies are also presented. A discussion of operations performance is also included.), offer a new mission statement and share 2-4 strategic actions that align strongly with the proposed mission statement.

While you work on this question, be sure to consider your current and future needs, interests, and expectations as a student (i.e., private school's customer) as well as market trends. A proper resource/baseline to review for this question is a school's 2020 Strategic Plan. It is important to justify your response in terms of why you believe the proposed mission statement and strategic actions will secure success.

In addition, pay close attention to the nine (9) building blocks of successful mission statements

1. Customers: Who are the firm's customers?

2. Products or services: What are the firm's major products or services?

3. Markets: Geographically, where does the firm compete?

4. Technology: Is the firm technologically current?

5. Survival, growth, and profitability: Is the firm committed to growth and financial soundness?

6. Philosophy: What are the basic beliefs, values, aspirations, and ethical priorities of the firm?

7. Self-concept (distinctive competence): What is the firm's major competitive advantage?

8. Public image: Is the firm responsive to social, community, and environmental concerns?

9. Employees: Are employees a valuable asset of the firm?

Question 2:

(a) Share your understanding of Big Data and its growing significance to business.

(b) Select a local small business that you are familiar with (e.g., your neighborhood's bakery) and briefly discuss whether or not it can use and benefit from Big Data analytics.

Reference no: EM132224363

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