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Mission, Vision, and Values

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Individual - Mission, Vision, and Values Paper

I have the following task, and I need some help getting started: Write a 700-1,050 word paper about the following:
a. Identify the organization for which you would like to complete or are considering completing a strategic plan. You may focus this study on a specific department, group, division, or function, within the organization.
b. Provide a brief background of this organization, including its products/services and customers.
c. Look for the organization's mission and vision statements. Modify or improve them to achieve as much clarity as possible.
d. How do the mission, vision, and values aid the organization in reaching its desired end state?
e. What components of the strategic management process need to be analyzed in light of the new strategy?
f. What effect will the outcomes of the new strategy have on the leadership and culture of the organization? How will the outcomes affect stakeholders?

Format the paper according to APA style.

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Solution Summary

Before writing about any business's vision, mission and values factors that affect its marketing decisions, strategic polices, etc., we have to first understand about the business and its scope. We should know in what kind of industry Wal-Mart is functioning in and its product & services and customers. We then discuss its vision and mission statements along with an environmental analysis. This solution is 1435 words with six references.

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The response addresses the queries posted in 1435 words with references.

//Before writing about any business's vision, mission and values factors that affect its marketing decisions, strategic polices, etc., we have to first understand about the business and its scope. We should know in what kind of industry Wal-Mart is functioning. So, first of all we will discuss about Wal-Mart under the heading of Introduction, for example: //

Introduction

The company which I would like to take for a strategic plan is Wal-Mart. Wal-Mart is the largest retail corporation in the world. Internationally, it has more than seven thousand stores. It is an American public corporation that runs a range of large and discounted department stores. By revenue, Wal-Mart is the world's largest public corporation according to the 2008 Fortune Global 500. The company was established by Sam Walton, in year 1962. The company started its business in year 1969 (Wal-Mart, 2008).

Wal-Mart is the largest private employer and the fourth largest utility or commercial company in the world. Wal-Mart operates as the distributor and retailer. To eliminate the competition, Wal-Mart has used different strategies (About Wal-Mart, 2004). The purpose of company is to save the money so as they can live better. By keeping its stores connected to its distribution centers and suppliers, Wal-Mart has elaborated it productivity system. The primary competitors of Wal-Mart include the department stores like Kmart, ShopKo, Meijer, and Canada's Zellers, Costco, Giant Tiger, etc ( About Wal-Mart, 2008).

//Above, we talked about Wal-Mart, which is the largest retail corporation in the world and also has more than seven thousand stores worldwide. As per directions, now we will talk about its product & services and customers. It renders the variety of commodities at a single location. If you want, you can add more about the product & services and customers. I am just rendering a brief overview.//

Products and Services

Wal-Mart operates discount retail department stores to sell a broad range of products. It usually stocks its premium products. Wal-Mart operates in super-centers which include a full line of grocery items. The Company organizes its business into three principal segments: Wal-Mart Stores, SAM'S CLUB and International (Wal-Mart Inc: Products and Services, 2008).

The Wal-Mart Stores segment is the largest segment of Wal-Mart's business. It had accounted 67.3% sales during the fiscal year 2005. The Company's SAM'S CLUB segment ...

Solution provided by:
Ashish Sharma, MBA (IP)
Education
  • MBA (IP), International Center for Internationa Business
  • BBA, University of Rajasthan
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