...Introduction This paper will give the mission and vision statements of Sports International. This is a part of strategic planning. Strategic management is defined as the set of decisions and actions that result in the formulation and implementation of plans designed to achieve a company’s objectives (Pearce & Robinson, 2009). Whether a firm is developing a new business or reformulating direction for an ongoing business, it must determine the basic goals and philosophies that will shape its strategic posture (Pearce & Robinson, 2009). Before finalizing the list of strategic issues, perform what is called a litmus test to confirm that the strategic issues identified are truly strategic (Fire Engineering, p85). This paper will define the guiding principles and give an overview of how the mission and vision statement work together with the values and objectives of the company. Mission Statement The purpose of a mission statement for a business is to endorse the meanings of the company by articulating the objectives of the business that corresponds with the product or service offered in the market place and the ultimate characteristics of the company that distinguishes the company from the competition. Sports International is a gym facility that not only provides equipment for its clients to work out on, they also provide other services such as: exercise classes, childcare, personal training, staff nutritionist, power express line, small group training, sport specific...
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...Functional Area Interrelationships [Name] BUS 475 April 7, 2014 [Instructor’s Name] Functional Area Interrelationships Kudler Fine Foods has been a successful business right after its opening back in 1998. From the very beginning, Kudler Fine Foods was able to set their mission and have been using it as their compass to work toward continued success. Along the way, Kudler Fine Foods has been able to identify the key positions that support the company. This paper will describe how Kudler Fine Foods uses those key positions and functions to work together in a collaborative process between all the functioning groups allowing for a more streamline operation. Both lateral and vertical collaboration is needed in order to keep continued success. Finally, key stakeholders are identified and a description of their role in the collaborative process will be presented. These functional area interrelationships are what allow Kudler Fine Foods to continue being successful and hope for future expansion. In June of 1998, Kathy Kudler turned her passion of cooking and shopping for fine foods into her dream business of Kudler Fine Foods. She found refuge and stress relief from her high pressure job for a large defense contractor. Hoping that there were more people that shared the same passion as her, she opened her first store. Kudler’s mission was simple: “to provide our customers the finest in selected foodstuffs, wines, and related needs in an unparalled consumer environment”...
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...Business Model and Strategic Plan Part I: Conceptualizing a New Product or Service Division of an Existing Business Nikki Dockery BUS475 – Integrated Business Topics December 1, 2014 Dr. Sarita Wesley Business Model and Strategic Plan Part I: Conceptualizing a New Product or Service Division of an Existing Business Innovation is evolution within the business world, without it all businesses would stay at a standstill. In order for a business to go anywhere, they need to evolve and grow with the companies around them in which they may compete, as well as with their customers. If a business does not grow with their customers, then those customers will find a business that is better for them. Within the confectioner’s world, there are very few that cater 100% to their customers’ needs or wants. In my surrounding area many individuals can only buy their cakes, cupcakes, cookies, chocolates, etc., from the grocery store. Limiting personalization for those wanting specific pieces. None of these locations provide any type of “treats” that specify to the 21 and older crowd. As a home baker (starting off with baby steps) experimenting with flavors and liquor has peeked some interest with potential clients. There are no other locations that they can go to get their favorite cake flavor and have it infused with their favorite liquor. Business, Product, and Customers: Mission Statement. According to Pearce and Robinson (2009), the mission of a company is the unique purpose that...
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...Stay True Travel Staying True to You™ Final Strategic Plan BUS475 Week 5 Professor Dhillon February 14, 2012 Stay True Travel Staying True to You™ Final Strategic Plan Introduction Being a successful business, or corporation, is composed of more than simply having the best logo, slogan, or advertising campaigns, but rather it is about how each individual aspect of an organization is constructed and built from the ground up. With money being tight, budgets shrinking, and uncertainty with job security, for businesspersons and families alike, the tourism industry has had to truly redefine itself and adapt to continue to be sustainable. Travel and lodging has become more than a small room, an uncomfortable bed, continental breakfast, and a free morning paper that it once was. Now, clients seek personalized service, lavish design, and a unique ambiance wrapped up into an affordable package and a uniquely tailored experience. Travel agencies are beginning to face rash decisions with their outdated marketing campaigns, untrendy travel destination partnerships, and ultimately losing clientele because they can no longer do the one, single-handedly simple thing that all travelers wish for: being heard and having their individual wants and needs met without hesitation. Although it may seem as if there are no adequate travel agencies to turn to that can and will meet all needs and wants of the everyday traveler, there is indeed one agency that will not let its clientele...
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...Value Alignment BUS475 June 29, 2011 Value Alignment In the analyzing of a specific business and the reflection of a business’s individual values is illustrated in Target’s organizations plans and action’s. The preparatory point of this paper will identify on several areas that will analyze the origin of the Target store and the sub sequential of its values in the workplace. Explaining how the individual values drive his or her actions and behaviors and analyzing the alignments between the actions, values and behaviors. Following that, which will be the analyzing of the degree of the alignment that, which Target’s stated values and Target’s actual plans and actions are defined. In addition to, the explanation of all the analyzed differences of his or her individual values and Target’s values as reflected by Target’s plans and actions will be expressed. In the lead above the many places one may go to obtain their everyday needs from pet supplies, to electronics are only a few stores that would come to mind first. Among these top organizations is Target that, which is known for its prices, the services and the cleanliness, with a red sign as a logo that no-one, can mistake that, which is the Target bulls eye and this choice for shopping rises to the top of most consumers favorite destinations to shop. The existence of Target is pure, and to be the preferred shopping destination for all consumers and to appeal to all demographics is the drive for Target. When...
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...Strategic Plan, Part I: Conceptualizing a Business Maribel Estrada BUS/475 December 18, 2012 Sarita Wesley Strategic Plan, Part I: Conceptualizing a Business Maribel’s Motivation Team is a brand new company into the marketplace. It is vital for any business to have an effective vision and mission statement. For an organization to be successful it is important it know what it wants to achieve in the future and what the organization itself is about. Tough (2007) says, creating a vision and mission statement is a method to communicative these ideas to yourself, customers, employees, and to the world.” The vision and mission statements consist of the values of the business and how they plan to operate. These methods will assist to establish the planned direction that Maribel’s Motivation Team will take. Business and services Maribel’s Motivation Team is a company that will help others achieve his or her goals in life. People need motivation to accomplish its goal in life. A winner is a winner by willing to do something a loser is not willing to do. To be a winner the person needs to be willing to feel uncomfortable in a new situation. This company will also offer additional information to the customer’s goal and guide him or her to the right person or company that is able to help the customer. This will be a long process, but with time and dedication anything is possible. For example, if someone always has been overweight his or her whole life, and...
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...Final Strategic Plan: Cupcake Heaven Executive Summary Cupcake Heaven is envisioned to be developed into a small, privately owned local bakery that prides itself in offering a wide variety of gourmet cupcakes which are made with high quality ingredients and unique flavors. Cupcake Heaven is going to ignite the city of Corona in the new concept of being a “cupcake only” bakery, by offering delicious baked goods in an inviting setting. This analysis will examine the mission, vision, and values of the company, and how these components translate and align with the strategic objectives. Additionally, this strategic plan will provide a Strengths, Weaknesses, Opportunities, Threats and Trends (SWOTT) analysis, a balanced scorecard, and a communication plan that will ensure that Cupcake Heaven has the structure to effectively reach an optimal level of operational health. Finally, the analysis will discuss how the company’s culture, ethics, and social responsibility serve as a compass that directs Cupcake Heaven in establishing the company’s guiding principles. Mission Statement Cupcake Heaven believes that the mission statement of a business is a vital part of the strategic management process, and provides a glimpse into the strategy and performance goals of the company (Darbi, 2012). Based on this concept, Cupcake Heaven has developed a mission statement that impacts the behavior and attitudes of our employees and customers. Cupcake Heaven’s mission is “To be dedicated...
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...Lear Corporation Business Model & Strategic Plan BUS/475 January 11, 2016 Table of Contents Executive Summary ……………………………………………………………………...….…3 Business Model and Strategic Plan Part I: Existing Business or New Business Division; Vision, Mission, and Value Proposition ………………………………………………....……4 New product or service for the new company division ………………………………...….….5 Describe how division addresses customer needs and competitive advantage ……………....6 Vision and business model for new division ……………………………………...….....……7 Explain how vision, mission, and values of the new division align with the company’s mission and vision ……………………………………………………….……….7 Summarize Division’s Strategic Direction ………………………………………….………..7 Guiding Principles and Values of Division ……………………………………….………….8 Business Model and Strategic Plan Part II: SWOTT Analysis – Internal and External …………………………………………….…………………….….10 Economic and legal and regulatory forces and trends ……………………………….……...11 Critique how well organization adapts to change ………………………..………….………11 Analysis and explanation of the supply chain ……………………………………………….12 Identify issues and opportunities …………………………………………………………….12 Business Model and Strategic Plan Part III: Assumptions, Risk and change Management Plan; Summary of Strategic Objectives; Balanced Score Card and its impact on stakeholders; The Communication Plan ………………….…………………………………14 Balanced...
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...Social Media has definitely changed the way that people behave around the globe. Social Media has influenced on how people react, interpret things, sometimes on what they believe and much more. Technology has moving really fast, and so are the news or anything that can spread out in order to promote something such as the #droughtshaming or the ice bucket challenge. On my point of view, I do think people will pay close attention to their actions regards to the waste of water since the hashtag has been created. Of course, some of them will not care as much; however, it does influence some people on how they will behave from now on with wasting water for no reason. For example, having a picture of herself or himself on #droughtshaming can definitely affect on the person’s image when families and close friends see he or she on the hashtag post. Furthermore, as it was stated on the article, “one of the limitations of informal social control can be politeness, when we don’t want to be rude so we ignore a violation of a formal or informal rule.” After reading this sentence, I do agree that sometimes it is better to let it go instead of putting ourselves on certain type of situation. We should call the department that is responsible for the specific action and let them deal with it. Therefore, it will not cause any argument and it may save the person from a stress time or even lose an important relationship with neighbors, families, friends or anybody else that is related to the...
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...BUS 475 Complete Course BUS475 Complete Course Click Link for the Answer: http://workbank247.com/q/bus-475-complete-course-bus475-complete-course/25712 http://workbank247.com/q/bus-475-complete-course-bus475-complete-course/25712 BUS 475 Week 1 Discussion "Assessing Stakeholder Positions" Please respond to the following: * Apple is about to release its latest technology. The company needs to develop a plan to communicate with key stakeholders about the release. You have been tasked with identifying those main stakeholders and selecting the method for communicating with each group. Summarize your plan in a two to three paragraph post. BUS 475 Week 1 Quiz 1 * Question 1 | | | All of the following are external stakeholders of the firm except: | | | | | | | | | * Question 2 | | | Departments, or offices, within an organization that reach across the dividing line that separates the company from groups and people in society are: | | | | | | | | | * Question 3 | | | When something stands out from a background, is seen as important, or draws attention it is: | | | | | | | | | * Question 4 | | | With the explosive growth of technologies that facilitate the sharing of information, this kind of stakeholder power has become increasingly important: | | | | | | | | | * Question 5 | | | Which argument says that stakeholder management realistically depicts how companies really work...
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...BUS 475Final Exam 101/101 Questions with Answers Correct 100% ANSWERS ARE HERE… 1) The income statement and balance sheet columns of Pine Company's worksheet reflects the following totals: Income Statement Balance Sheet Dr. Cr. Dr. Cr. Totals Closing entries are necessary for __________. A. temporary accounts only B. permanent accounts only C. permanent or real accounts only D. both permanent and temporary accounts 2) As Plant Controller, you are trying to determine which costs over which you have the most control on a day to day basis. Your goal is to achieve better profitability. The Plant Operations Manager suggests that overhead is the easiest area to directly reduce costs. Which of the following items would be classified as manufacturing overhead? A. General corporate liability insurance B. Factory janitor C. The western division’s vice president’s salary D. Cost of landscaping the corporate office 3) Which list below best describes the major services performed by public accountants? A. Employee training, auditing, bookkeeping B. Bookkeeping, mergers, budgets C. Cost accounting, production scheduling, recruiting D. Auditing, taxation, management consulting Read more: 4) The conceptual framework developed by the Financial Accounting Standards Board __________. A. are rules that all accountants must follow B. was approved by a vote of all accountants ...
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...Instructions This quiz consist of 30 multiple choice questions. The first 15 questions cover the material in Chapter 4. The second 15 questions cover the material in Chapter 5. Be sure you are in the correct Chapter when you take the quiz. Question 1 5 out of 5 points Correct A bottom-line mentality in business is reflected in which statement? Answer Selected Answer: “We have to beat the others at all costs.” Correct Answer: “We have to beat the others at all costs.” Question 2 5 out of 5 points Correct Under the U.S. Corporate Sentencing Guidelines, if a firm has developed a strong ethics program, corporate executives found guilty of criminal activity may have their sentence: Answer Selected Answer: Reduced. Correct Answer: Reduced. Question 3 5 out of 5 points Correct According to a 2009 opinion poll, Americans hold a dim view of: Answer Selected Answer: Wall Street executives. Correct Answer: Wall Street executives. Question 4 5 out of 5 points Correct People’s ethical beliefs come from: Answer Selected Answer: Their religious background, family, and education. Correct Answer: Their religious background, family, and education. Question 5 5 out of 5 points Correct When the benefits of an action outweigh its costs, the action is considered ethically preferred according to: Answer Selected Answer: Utilitarian reasoning. Correct Answer: Utilitarian reasoning. Question 6 5 out of 5 points Correct...
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...Lear Corporation Part III: Balanced Scorecard & Communication Plan BUS/475 December 21, 2015 Lear Corporation Part III: Balanced Scorecard & Communication Plan The table below is the representation of the Balanced Scorecard that helps to illustrate the company’s perspective on its strategic development throughout the first three year of operations. New division of Lear Corporation will be involved in automobile retailing and communication with customers business. In such a way, there is a strong need for the new division in developing thorough strategic objectives and measures of its achievement so that this new division would prosper and would be able to succeed within the market. These objectives assist with attaining the company’s vision and mission; it also considers the outcomes of the company’s SWOTT analysis, and supply chain analysis. Scorecard Four Balanced Areas for Measures | Strategic Objective | Measure | Metric | Targets | | | | | Year 1 | Year 2 | Year 3 | Financial | Increase the revenues, in order to improve profitability | Increasing net income Increasing operating income | Profit margin, Operating margin | 3% | 3% | 5% | | Increase market share | Decreasing production costs | Production costs | 5% | 5% | 10% | | | Acquisition of competitive companies | | | | | | Improve liquidity level | Enlarging the number of current assets and decreasing liabilities | Current and quick ratio | 5% | 5% | 7% | Customer | Increasing...
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...Business Model and Strategic Plan Part I: Lear Corporation BUS/475 December 7, 2015 Business Model and Strategic Plan Part I: Lear Corporation Lear Corporation is a huge company within the industry it is operating. Lear Corporation started its existence almost a century ago, in the year 1917 as American Metal Products, and it continued its development throughout the time by making several acquisitions and going public in 1994. Lear Corporation strives to respond to the changing needs of the automotive industry and successfully manages to be “a global leader in automotive seating and electrical systems” (Lear Corporation, 2015). Lear Corporation has a simple vision that has four major bullet points, and this vision statement clearly represents how the company sees itself and how it positions itself within the industry. * A supplies of choice * An employer of choice * The investment of choice * A company that supports the communities where we do business (Lear Corp., 2015) The vision statement of Lear Corporation implies that the company strives to be the first in the market. In addition to that, Lear states that it has core values that the company constantly fulfills no matter what: (1) customer focus, (2) operational excellence, (3) teamwork, (4) integrity, (5) diversity, (6) and community service. Those core values exist in every division of the company, in every transaction and in every move, Lear makes throughout their operations (Lear Corporation...
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...Value Alignment Talona King-Carter, Danielle Johnson, Tristan Perry, Joshua Crouch BUS/475 October 28, 2013 Michael E. Portillo Value Alignment: Individual & Apple, Inc. Ethics and values play an important role in an organization’s key to success. To achieve a successful alignment between personal and corporate values, a “core” relationship between the employee and the company they work for must be strong. The benefits gained hold significant value to both the organization and the employee. Established in April 1976, and is a multinational corporation that designs and manufactures electronics, computer software, and commercial servers. Ethical values play an important role in the mission and vision statements, which in turn, keep employees whose values are similar, happy and productive. “And I think regardless of who is in what job those values are so embedded in this company that Apple will do extremely well." (Investor Relations, 2013). Origin and Subsequent Evolution of Values The personal and workplace values of our team are much the same including core values like integrity, teamwork, performance, and learning. Making ethical decisions, along with developing trust and respect in the workplace is important. Cultivating integrity through our core values means more honesty, trust, and respect is evident to all. Teamwork involves sharing an open communication with other employees. Performance is based on the determination to strive for flawless performance in the...
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