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Stakeholders, vision, mission, values, strategy

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Please help selecting a familiar firm with and identify its stakeholders. Why is such identification critical to effective strategy formulation and implementation? Explain.

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What is the relationship among vision, mission, values, and strategy? Why is this important? Discuss the roles of vision and mission in determining strategic purpose and strategic coherence.

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Solution Summary

The solution discusses stakeholders of an organization. Identifies relationship between vision, mission, values and strategy of an organization. The expert explains the discusses the roles of vision and mission in determining strategic purpose and strategic coherence.

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Let us select the firm Apple. Apple's stakeholders include customers of the company, ie, buyers of its products, employees of the company, investors/shareholders of the organization, vendors of the company as well as society/community in which the company operates its manufacturing facilities, government, etc. The identification of such different group of stakeholders is extremely ...

Solution provided by:
Sheetal Jain, PGDM
Education
  • BComm, University of Delhi
  • Post Graduate Diploma in Management (Equivalent to MBA), All India Management Association
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