Note: Ignore (pts) - it mean the equivalent points for each number answered.

Question 4 of 4 25 Points III. Performance Management and Strategic Planning (25 pts) 1. Discuss the steps in developing Strategic Planning in Performance Management (10pts) 2. Analyze the case study below: Case Study: Linking Performance Management to Strategy at Procter and Gamble Consider the following description of a firm-wide strategy pursued by Procter & Gamble:* Procter & Gamble (P&G), the world's largest consumer products company, follows a fairly unique strategy: P&G appeals to the heart and cares about human needs. In other words, P&G attempts to touch and improve the lives of its consumers all over the world. As an example, take the razor-and-blade innovation pioneered by Gillette's Himalaya team, which focuses on India but is a global group based partly in Boston, USA. The team received information about how men in India shave: about half of them use barbershops and barbers usually break double-sided blades in two and used them repeatedly, which crates unsanitary conditions. With the strategic goal of improving the lives of its customers, the team created a razor-and-blade innovation that simplified the essential features of the shaving done in barbershops. The products were a success in terms of improving both the human condition and profitability. As a second example, consider a situation in P&G Brazil, where P&G feared a shutdown due to decreased business volume. Low-income consumers were the fastest growing segment of the population, but P&G's global premium products were too expensive for this market segment. Local P&G teams decided to live with families, scrutinized every P&G process in an attempt to reduce costs, and ended up creating an innovative products line they dubbed "basico (for "essential in Portuguese). The team members felt that they were doing good for the world, not just making money for the corporation. Demand immediately outpaced supply when the first basico" products were launched, which included women's hygiene, diapers, and greener laundry detergent. The company quickly captured market share through small neighborhood shops and premium products were lifted. The business in Brazil became a profitable global growth model, and not just for emerging countries. As a consequence, Tide Basic" was recently introduced in the United States. In sum, P&G's strategy inspires employees to add their hearts to their heads and aims at finding creative solutions when purpose-inspired opportunities and commercial considerations seem to collide. Based on the given case problem, conduct a SWOT Analysis to help the P&G to determine the best strategic goal plan. Give at least 2 factors that signifies the strength, weaknesses, opportunities and threats. (10 pts) 3. Read the mission statement below and determine the information that characterized a good mission statement. (5 pts) " McDonald's brand mission is to be our customers' favorite place and way to eat and drink. Our worldwide operations are aligned around a global strategy called the Plan to Win, which center on an exceptional customer experience People, Products, Place, Price and Promotion" Will you consider the above statement a good one? If yes why and why not