BMGT364-DB-2

Please use the link below to answer the questions.

Only use the link provided no outside sources!!

https://courses.lumenlearning.com/wmopen-principlesofmanagement/chapter/why-it-matters-planning-and-mission/

https://courses.lumenlearning.com/wmopen-principlesofmanagement/chapter/why-it-matters-environments-and-strategic-management/

**Select a company and identify its mission statement.  Using this week’s course readings, explain whether the company has a good mission statement.  Discuss whether the company has a successful vision statement.  If so, is the vision statement a good vision according to the course materials?  Why or why not.

**Many organizations talk about how there is a need to develop a new strategy, but unfortunately do not clearly understand the difference between developing a strategy and establishing a new plan.  Using the course readings, clearly define the difference between a Strategy and a Plan.

**Differentiate between Goals and Objectives and explain how managers use these to support the organizational plan.  Give examples.

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