
MGT/450 Class Material All DQs ,Quizzes and Assignments/Ashford
Product Description MGT 450 Week 1 DQ 1 Strategic Planning Process (New) Strategic Planning Process. In your own words, define strategic planning and explain why it is crucial to an organization’s survival. In your response, include a description of how strategic planning differs from strategic management. Lastly, explain how your current or previous organization’s strategy might influence its business model. Respond to at least two of your classmates’ posts. You must create one initial post and at least two responses, for a minimum of three posts for this discussion. MGT 450 Week 1 DQ 2 Mission Statements (New) Mission Statements. Why are vision and mission statements important to strategic development? How might leaders and managers view and use vision and mission statements differently? Respond to at least two of your classmates’ posts. You must create one initial post and at least two responses, for a minimum of three posts for this discussion. MGT 450 Week 1 Develop a Mission Statement (New) Develop a Mission Statement. Select an organization or department of your choice. Your task is to develop a mission statement. The mission statement describes the purpose of the organization (i.e., why the business exists). Develop and submit a one- to two-page paper (excluding title page and references) that establishes a mission statement and its meaning to the department or organization.As outlined in the “Mission Statements” article (My Strategic Plan, n.d.), here are some things to consider when it comes to developing a mission statement:
- Is the mission statement focused on satisfying customer needs rather than being focused on the product?
- Does the mission statement clearly communicate purpose to customers?
- Does the mission statement explain how the organization closes the gap between customer needs and the products or services offered?
- Does the mission statement explain a customer centered philosophy?
- Does the mission statement match the current market conditions/needs?
- Does the mission statement reflect the company’s strengths?
- Is the mission statement motivating?
- Is the mission statement realistic?
- Is the mission statement detailed, brief, concentrated and remarkable?
- Is our mission statement clear and easily understood?
- Question : Under which condition is a matrix organization not the best one?
- Question : Finding a mentor is absolutely essential in developing oneself as a leader.
- Question : Robert Allio, who has written books on leadership, advises that future leaders possess three attributes:
- Question : Mergers and acquisitions are the same.
- Question : What is the definition of strategy used throughout the book?
- Question : Every company that does business in the US must have its financial statements audited.
- Question : Which of the following is not regulated?
- Question : Why is doing strategic planning so difficult?
- Question : Which of the following is not a legitimate role of top management?
- Question : What is strategic planning?
- What will our business look like in the short term (i.e., three to five years)?
- What new or emergent strategies will be pursued?
- What products or services will we offer our customers in the future?
- Question : A strategy canvas can depict the relative performance across key competitive factors for both an industry and a particular company or group of companies.
- Question : Market share and industry share are different.
- Question : Which of the following cannot be deduced from a strategic-group map?
- Question : What is the term for a collection of competitors that produces similar or substitute products or services to a defined market?
- Question : Which of the following is not an industry driving force?
- Question : Any company depicted in a strategic-group map can compete with any other.
- Question : When looking at environmental data, it is important to:
- Question : Which building block is not among the nine that comprise the business-model canvas?
- Question : The feeling that the future is beyond one’s control and that there is nothing one can do to change it is having a normative attitude about the future.
- Question : Which of the following is a critical success factor (CSF)?
- Question : Which of the following is not a strength?
- Question : Which of the following is not a company weakness?
- Question : Which of the following is not a criterion when choosing the best bundle?
- Question : Which of the following is not a strategy?
- Question : Internal value chains need more analysis than external value chains.
- Question : Which of the following is an example of a strength?
- Question : If a company has a good brand, it doesn’t need to have a customer-value proposition.
- Question : Which of the following is not part of a thorough financial analysis?
- Question : The G.E. Matrix is a plot of industry attractiveness against company strategy.
- Question : What are Z- and Z2-scores?
- Question : Ultimate responsibility for the strategic direction of the company rests with the CEO.
- Question : Which of the following statements is not true about operational planning?
- Question : During implementation, at the first sign of trouble, the strategy should be changed.
- Question : Which of the following is not a key strategic decision made during strategic planning?
- Question : Which of the following is not a good reason to use the Criteria Matrix?
- Question : Achieving companywide objectives or other measures of success means that the company has become a stronger competitor.
- Question : The performance of any system is the sum of the performance of its parts considered separately.
- Question : Which of the following is not a control system or part of one?
- Question : An adaptive culture is high on which trait?
- Question : GANTT charts and PERT (critical path) software achieve the same purpose.
- A description of what makes this organization or department distinct.
- What is the current direction of the organization or the department?
- Conduct a quick SWOT analysis to determine areas that offer opportunities for change.
- Choose three or four areas from your SWOT analysis that you feel are crucial to your strategic plan.
- Explain why the areas you have chosen are essential to your strategic plan. Use theories and examples from your text and additional resources to support your rationale.
- Lastly, explain your plan to measure the success of your strategic plan.
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