Develop a mission statement and a vision statement for your Capsim company and explain why having a mission statement is important for companies. (20%)

Conduct a SWOT analysis of your Capsim company, identifying four strengths, two weaknesses, two opportunities, and two threats. (20%)

Based on your Capsim company's goals and performance to date, identify three strategies to increase market share, improve net income, increase sales, and decrease variable costs. (20%)

After each round, comprehensive reports are provided on your Capsim company's performance. Choose any four of the following areas and describe the decisions you made to improve them: (20%)

a. Operational efficiency (Years 1-5 focus)

b. Total quality management (focus on raw materials, labor, and R&D cycle time)

c. Human resources (best people and best training strategy)

d. Production, promotion, and sales distribution (right-sizing)

e. Research and development (best quality products in each segment)

f. Marketing (premium pricing in each segment)

g. Finance (aggressive debt reduction and stock repurchases)