Question: Web page: Michael Griffith's How to Write a Mission Statement for Your Business Web page: 51 Mission Statement Examples from the Worlds Best Companies Video:

Web page: Michael Griffith's "How to Write a Mission Statement for Your Business" Web page: 51 Mission Statement Examples from the Worlds Best Companies Video: A Level Business Revision - Pricing Strategies Web page: OCLS APA Writing Styles Guides Instructions Review the rubric to make sure you understand the criteria for earning your grade. Read and review all of the links available within the Resources section of this page. Identify a business idea in which you have interest. Considering the strategic management process discussed in earlier readings, answer the following questions as though you are the potential owner and operator of this new (and perhaps for now, hypothetical) business. Develop a clear and brief mission statement for your business idea using the guidelines in the above resources. At the beginning of a two- to three-page paper, list this mission statement, and then apply and discuss the following planning steps: What are your strengths, weaknesses, opportunities, and threats? Identify the key factors for success in your business. Discuss what competition you may have and how you will compete against the larger chain stores or service organizations. What role does pricing play in creating an image for your product or service? What pricing strategy would you employ? What recommendations would you propose to monitor your success and direct your company's strategy for the future? The format should use correct APA formatting with a title page, in-text citations, and a reference page. For questions on APA Style, review OCLS APA Writing Styles Guides. When you have completed your assignment, save a copy for yourself and submit a copy to your instructor by the end of the workshop.

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