1. Select a company and identify its mission statement. Using this week’s 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.2. 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.3. Differentiate between Goals and Objectives and explain how managers use these to support the organizational plan. Give examples.References:https://courses.lumenlearning.com/wmopen-principlesofmanagement/chapter/why-it-matters-planning-and-mission/https://courses.lumenlearning.com/wmopen-principlesofmanagement/chapter/reading-mission-vision-and-values/https://courses.lumenlearning.com/wmopen-principlesofmanagement/chapter/reading-pros-and-cons-of-planning/https://courses.lumenlearning.com/wmopen-principlesofmanagement/chapter/the-planning-cycle/https://courses.lumenlearning.com/wmopen-principlesofmanagement/chapter/reading-types-of-plans-and-common-planning-tools/https://courses.lumenlearning.com/wmopen-principlesofmanagement/chapter/putting-it-together-planning-and-mission/https://courses.lumenlearning.com/wmopen-principlesofmanagement/chapter/why-it-matters-environments-and-strategic-management/https://courses.lumenlearning.com/wmopen-principlesofmanagement/chapter/the-role-of-strategy-in-management/https://courses.lumenlearning.com/wmopen-principlesofmanagement/chapter/common-frameworks-for-evaluating-the-business-environment/https://courses.lumenlearning.com/wmopen-principlesofmanagement/chapter/common-frameworks-for-situational-analysis/https://courses.lumenlearning.com/wmopen-principlesofmanagement/chapter/stages-and-types-of-strategy/https://courses.lumenlearning.com/wmopen-principlesofmanagement/chapter/how-environment-affects-strategy/https://courses.lumenlearning.com/wmopen-principlesofmanagement/chapter/putting-it-together-environments-and-strategic-management/https://www.forbes.com/sites/georgedeeb/2017/07/05/5-considerations-when-setting-your-ma-goals/#356ca0365370https://www.partnersinleadership.com/insights-publications/how-to-prepare-your-company-for-a-merger-or-acquisition/
