Using the Internet or library sources, select four organizations—two in the private sector and two in the public sector. Find their mission statements. Complete the following exhibit by identifying the stakeholders that are mentioned. Evaluate the differences between firms in the private sector and those in the public sector.
Answer to relevant QuestionsLook up the vision statements and/or mission statements for a few companies. Do you feel that they are constructive and useful as a means of motivating employees and providing a strong strategic direction? Why? Why not? Why must managers be aware of a firm’s external environment? Explain the concept of strategic groups. What are the performance implications? SWOT analysis is a technique to analyze the internal and external environment of a firm. What are its advantages and disadvantages? Using published reports, select two CEOs who have recently made public statements regarding a major change in their firm’s strategy. Discuss how the successful implementation of such strategies requires changes in the ...
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