Business Finance
BBA4951 Columbia Southern Business Policy and Strategy Essay Questions

BBA4951

Columbia Southern University

Question Description

1.Distinguish between the concepts of mission and vision. Provide examples in your explanation.

Your response should be at least 75 words in length.

2. Do you feel an organization should maintain their original mission and vision statement(s), or do you feel these statements should be periodically updated? Please explain your answer.

Your response should be at least 75 words in length.

3. Describe the strategic management process, and include how it is used by organizations.

Your response should be at least 75 words in length.

4. Colleges and universities, like all business, have strengths, weaknesses, and competitors. What would you consider to be an online university’s internal strengths and weaknesses? Why? Also, who would you say are the competitors to online universities? What are three external opportunities and three external threats?

Your response should be at least 200 words in length.

5. Businesses may need to adapt to changing times in order to stay competitive. Their initial practices may have worked well previously, but may not serve them well in the long term. The newspaper industry is one that may face extinction. Explain why they may need to rethink their business strategy, and provide some advice on possible strategic management changes. Be specific to include goals/objects, strengths, and weaknesses.

Your response should be at least 200 words in length.

Please answer in a Word document being mindful of the word requirement for each question. There is no need to format as these are essay questions but pleas cite any sources used for each question.

Final Answer

Here you go. In case of any further inputs, please let me know.All the best!I appreciate working with you!

Differentiate between mission and vision giving examples
The mission statement focusses on the daily activities of the organization. On the other
hand, the mission statement looks into the future and tomorrow factor in the entity. The mission
includes values, goals, and objectives together with the company culture used in achieving the
daily organizational tasks. The vision, on the other hand, points to the purpose and it is
inspirational in that the business aspires to reach a particular level at a specific point in time. An
example of a vision and a mission statement takes to Samsung company. The mission statement
goes-To become one of the top world brands by 2020. The vision statement reads- Inspire the
world. Create the future (Ling, 2016).
Do you feel an organization should maintain their original mission and vision statement(s),
or do you think these statements should be periodically updated?
From the vision statement highlighted, I feel the business must continually change its
mission statement. Further, upon attainment of the vision, that too must get replaced. As
experienced in Samsung's mission statement-To become the top world brands by 2020, the
company would have surpassed that mission at that time. So, the corporate must sit down and
appropriately review the said mission as quickly as possible. With regards to the vision, the
company there is still no need to alter it, but soon it would become redundant and require
change. It serves any entity right to continually evalua...

CASIMIR (24329)
Duke University

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