Problem:
Assist in writing a paper in which you explain the importance of your selected business's vision, mission, and values in determining your strategic direction. Include the following:
Define your business, products or services, and customers by developing a mission statement. Ensure that you are differentiating your product or service.
Create a vision for this organization that clearly demonstrates your decision on what you want your business to become in the future.
Define your guiding principles or values for your selected business considering the topics of culture, social responsibility, and ethics.
Analyze how the vision, mission, and values guide the organization's strategic direction.
Evaluate how the organization addresses customer needs and critique how they achieve competitive advantage.
*A shop that sells brandname automobile stereo equipment at a discounted price: Acoustic Warehouse
Create a SWOTT table summarizing your findings. Your environmental analysis should take into account, at a minimum, the following factors. For each factor, identify the one primary strength, weakness, opportunity, threat, and trend, and include it in your table.
- External forces and trends considerations:
o Legal and regulatory
o Global
o Economic
o Technological
o Innovation
o Social
o Environmental
o Competitive analysis
- Internal forces and trends considerations:
o Strategy
o Structures
o Processes and systems
o Resources
o Goals
o Strategic capabilities
o Culture
o Technologies
o Innovations
o Intellectual property
o Leadership.