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Importance of a Business' Vision, Mission and Values

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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.

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The solution discusses the importance of a business' vision, mission and values.

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I have completed an outline of the needs of the assignment. Add to the various elements as you make it into your own plan. The SWOT is done on a global scale and if you do not plan on global markets, make the appropriate adjustments to domestic only.

Define your business, products or services, and customers by developing a mission statement. Ensure that you are differentiating your product or service.

Acoustic Warehouse will provide a safe and friendly environment for customers of fine auto stereo systems to shop, receive service, and buy the best quality stereo equipment on the market at reasonable and fair rates.

- Create a vision for this organization that clearly demonstrates your decision on what you want your business to become in the future.

Acoustic Warehouse will provide quality products and services to people who appreciate fine stereo equipment. The equipment will have the highest quality ratings and the company will buy in large quantities to make pricing for our customers lower, making Acoustic Warehouse an easy choice for retail buying. We will also work to provide quality equipment to organizations and agencies that need equipment for work use, repair the same in an efficient and timely manner with cost effective labor and parts. The company intends to grow through servicing customers and businesses, while maintaining the hometown feel of each store. Expansion will include limited global stores in selected countries win the ...

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