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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?
Look at the graph of the market for loanable funds found below and answer the following questions: At which interest rate will there be an excess supply of money? What does this mean? At this rate, what is the demand for money? What is the supply?
For each of the following scenarios, please decide whether there will be an increase, decrease, or no change in aggregate demand. The United States government decides to increase the federal tax rate by 4% for all earners.
The total cost incurred is the sum of the fixed costs and operating costs. The latter increases as more items of a product are manufactured hence the total cost is given by: For a given product, it is found that the number of item s sold correspondin..
Explain why industry expansion in response to rising prices will put even more upward pressure on price in the cattle price cycle. What happens to finally cause the turnaround at the peak of the cattle price cycle?
The demand for gasoline is inelastic and the supply of gasoline is elastic.
Compare and contrast Keynes's theory of the speculative demand for money with Tobin's portfolio selection theory utilizing the expected utility hypothesis.
Price discrimination allows firms to make more money by partitioning their customers into at least two distinct groups, those that:
Please discuss the idea and the background of the European Monetary System (EMS). Why is it so difficult to manage a parity grid?
Lane is responsible for reviewing the standard costs. While revieweing the standard for the coming year, two ethical issues arise.
The structural engineering design section within the engineering department of a regional electrical utility corporation has developed several standard designs for a group of similar transmission line towers. The detailed design for each tower is bas..
A large, well-established home insurance company writes insurance policies to cover losses from fire, theft, and vandalism. In a recent financial review, managers discovered that company performance was lagging behind projections. Do the actuaries ha..
Firms hurt by lower priced imports typically argue that restricting trade will save U.S. jobs. What's a wrong with this argument? Are there ever any reasons to support such trade restrictions?
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