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The company is Target Inc. Suggest a new vision and mission statement. Identify key stakeholders that the new vision and mission will need to be communicated to. Support your choice of stakeholders. Develop a plan for communicating the new vision and mission to at least 3 of the key stakeholders. Your plan should describe the who, what, when, where, how and, why of good communication. 1 page outline.

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Joshua Stredder
Joshua StredderLv10
28 Sep 2019

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Related questions

1.Which of the following key questions do managers not ask when designing the organizational structure?

A. Should the company evaluate its employees?

B. How should the company introduce corrective measures?

C. Who should coordinate the activities to achieve overall strategies?

D. How should information be delivered to managers?

E. What is the most efficient method of linking divisions to each other?

2.Which of the following do companies NOT need to know about differences in political and legal systems?

A. If host government approval is necessary for making direct investments

B. If specific departments have the authority to give approval for business deals

C. If firms must hire outside consultants to teach them about the local system

D. If English is spoken

E. If legal and political processes often differ in target countries

3. Changes in strategy require ________.

A. a low-cost leadership strategy

B. chains of command

C. decentralization

D. adjustments in structure

E. accountability

4. Which of the following statements does NOT describe a mission statement?

A. The mission statement guides decisions such as which industries to enter.

B. Mission statements explain the effect of company's operations on stakeholders.

C. A mission statement is a written statement of why a company exists.

D. The mission statement of an international business depends on its type of business.

E. A mission statement identifies and selects an organization's objectives.

5. Which of the following is NOT a question to ask before going global?

A. Is your company a start-up?

B. Have you or your employees lived in other cultures for a long time?

C. Do you or your employees speak other languages?

D. Will you need to adapt your product?

E. Is your company's infrastructure able to handle international activities?

6.When designing structure, managers must consider the degree of ________ needed among various groups within the firm.

A. funding

B. leadership

C. focus

D. adaptation

E. coordination

7. Which of the following strategies is NOT business-level strategy?

A. A brand strategy

B. A growth strategy

C. A differentiation strategy

D. A focus strategy

E. A low-cost leadership strategy

8. For self-managed teams, experts suggest all of the basic guidelines except ________.

A. ignoring cultural differences in self-managed teams

B. using selection tests to identify the employees likely to perform well in a team

C. training local managers at the parent company

D. adapting self-managed work teams to the national culture of each subsidiary

E. adapting the integration process of work teams to each national culture

While most of your friends in college have dreams of going into corporate positions, you have always wanted to start your own business and be your own boss. After some preliminary study at the US Small Business Administration site, you see one of the first steps in starting a business is to develop a comprehensive business plan. This step is vital in laying out a strategy for success and in acquiring funding for the business. Your personal dream has been to market a new product with one of your friends. You'll need to borrow money to start the business and so you decide to write a business plans. Review the basics of the business plans at the US Small Business Administration site. While a real business plan would be quite massive in detail, for the purposes of this exercise you'll be addressing only a very small portion of a total business plan. To see how other businesses have written their plans, please feel free to go to the sample business plans site at B Plans Inc. http://www.bplans.com/sp/businessplans.cfm Your assignment is to develop a PowerPoint presentation presenting your idea to HIGHLAND VENTURE CAPITALISTS in order to obtain funding for your business --a new bottled water company (or any other company of your choosing.) Starting with a named, well- defined business: 1. State your company mission 2. Will there be a physical store or will you sell it on the Web? 3. What needs does your business fill and why is it different than other similar products? Who are the potential customers for your product and why will they purchase it from you rather than your competitors? 4. How will you reach your potential customers? 5. What form of business organization will you use and why? What steps will you take to obtain that form of organization? 6. What laws must you comply with regain the sale of this particular product?

3. Please list the 4 key supply side growth factors we discussed, and discuss their viability in terms of getting our economy growing again, given that today our economy is not growing.

a. The slides should provide you with what you need here.

b. The issue of viability – if the economy is growing slowly or not at all, do we have any chance of achieving success with each of the 4 growth factors? What will likely cause us problems? What approaches could we use to increase our odds of success? You need to think carefully on this one.

4. Creative problem solving

Scenario #1:

The rate of growth in the US economy is currently 0.5% annually. Your mission is to increase our growth rate to at least 4% annually, without setting off unacceptable levels of inflation. You have the tools of fiscal and monetary policy available.

a. Present your solution to the problem – write it down first.

i. Strategy for creating your solution:

1. First identify a specific natural resource and think through how having more of it or a better quality of it could lead to significantly increasing the GDP growth rate.

2. This will lead you to a general solution to the problem.

3. Write it down! The explanation of the solution should take at least one good paragraph!

4. Determine what will be required to make the solution happen, typically it is money.

5. Think of ways to use your fiscal and monetary policy tools to get the needed money.

6. To attack the problem you must select at least one Monetary Policy tool and one Fiscal Policy tool.

b. Write down the names of the one fiscal policy tool and the one monetary policy tools you picked.

i. Remember – for this question you need one Fiscal Policy tool and one Monetary Policy tool.

c. Explain why you picked the tools that you picked and why you did not select the other choices.

i. Specifically explain what is good about the tool you selected and what is not so good about the tools

you did not select? Do this for

both the monetary and fiscal policy tool that you selected. The key here is to use some decision criteria in making your choice.

d.,Thoroughly and completely explain how your solution would work to solve the problem. You must include and explain the use of your monetary and fiscal policy tools and indicate the impact your solution would have on the key economic variables. Please present your answer using a chain of events format. Be specific. I need to see the detail.

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