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Strategy Term Project 2-3
MGT 695 – Strategic Planning
January 26, 2013
Ralph Lauren Corporation
Module 2: Mission, Goals, and the Strategic Management Process
1. Search for a mission statement for the firm. Not all organizations publish such a statement, so alternatively you can look for enduring principles and values upon which the firm seems to be anchored. This information is often available at the firm’s website or is contained in its annual reports. You may also interview a manager of the firm or contact “investor relations.”
(“The mission of Ralph Lauren is to provide quality product, bringing different worlds together and inviting people into their dream and vision. They are the true innovators of lifestyle advertisements that tell a story and the first to create stores that encourage customer participation in that lifestyle.”)
2. Identify the major goals of the company.
Ralph Lauren has 3 major goals:
• Build and extend the brand by uniquely showcasing the world of Ralph Lauren through advertising and marketing. The Ralph Lauren company also plan to expand and extend the Ralph Lauren lifestyle through new products, in new categories, and in new parts of the world.
• Keeping its specialty retail is also extremely important. Polo continues to increase the amount of exclusive or limited-distribution product in its Ralph Lauren stores. They also plan on making significant advances in how it operates its retail stores by adding experience and strength to the leadership of the specialty retail group and coupling it with the right merchandise and marketing support.
• Expanding its international presence so that they can broaden their reach through increasing direct brand ownership and control with new specialty retail store openings.
3. Does the firm seem to have any longer-term challenging or stretch goals that would serve as

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