Initial Post This posting should answer the requirements using the course materials from week 2 to support the ideas presented. If you are uncertain as to how to support the ideas presented, go to Content and view the module, learn How to Support What You Write. It is important to write concisely, provide the chapter title or chapter heading. Include in-text citations and a reference in a reference list. To see how to cite the eBook, go to Content and view the module, learn to Use APA. The citation and reference information is on the right-side of the screen. For Discussion Select a company and identify its mission statement. Using this weeks course readings, explain whether the company has a good mission statement. Discuss whether the company has a successful vision statement. If so, is the vision statement a good vision according to the course materials? Why or why not. Many organizations talk about how there is a need to develop a new strategy, but unfortunately do not clearly understand the difference between developing a strategy and establishing a new plan. Using the course readings, clearly define the difference between a Strategy and a Plan. Differentiate between Goals and Objectives and explain how managers use these to support the organizational plan. Give examples Resources (all from Lumen Learning): Why It Matters: Planning and Mission Mission, Vision, and Values Pros and Cons of Planning The Planning Cycle Types of Plans and Common Planning Tools Putting It Together: Planning and Mission Why It Matters: Environments and Strategic Management The Role of Strategy in Management Common Frameworks for Evaluating the Business Environment Common Frameworks for Situational Analysis Stages and Types of Strategy How Environment Affects Strategy Putting It Together: Environments and Strategic Management 5 Considerations When Setting Your M&A Goals How to Prepare Your Company Culture for a Merger or Acquisition
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