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Strategic Management: Analyzing Company Evolution, Mission, and Vision Statements

Exploration of how mission and vision shape business strategy and growth.

Caleb Patterson
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Strategic Management: Analyzing Company Evolution, Mission, and Vision StatementsDiscussion 1, Week 1Provide an example of an industry or company that has changed its strategy over time asenvironmental factors such as technology,competition, and consumer preferences havechanged.With the every rising prices of gas the automotive industry has changed dramatically since2002.To give an example is the phase out process of the Hummer brand.Since gas prices andhave soared less people are buying large SUV’s and this was the downfall of the Hummer.Hummer’s are not designed to be environmental friendly with their large consumption of fueland higher emissions. Today government offers great tax incentives to eco friendly cars that gethigh gas mileage or even electric and because technology has not advanced to keep up with thedemand for these cars the government has stepped in to offerincentives to keep the price wherethe average American can still afford them.As our text states that a company’s strategy is not a onetime event, but one that is always awork in progress (Gamble, 2011). The car industry is a prime example how environment,technology, competition or consumer preferences can change the way they operate.Gamble, E., Thompson, A., (2011).Essentials of Strategic Management,New York, NY:McGraw-Hill/Irwin.Discussion 2, Week 1Share the vision and mission statement of your firm (or one with which you are familiar).47thCST Mission StatementThe CST organization is designed to augment local and regional terrorism response capabilitiesin events known or suspected to involve Weapons of Mass Destruction. WMD events areincidents involving hostile use of chemicals (such as nerve or blister agents, or toxic industrialchemicals-TICs), biological (for example, anthrax or ricin), or radiological source. The CSTdeploys to an area of operations to:Assessa suspected chemical, biological, radiological, nuclear or high yield explosive (CBRNE)event in support of a local Incident Commander.Advisecivilian responders regarding appropriate response actions.Assistin expediting arrival of additional state and federal assets to help save lives, preventhuman suffering, and mitigate property damage.How is that vision and mission statement communicated to employees and the public?

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While the mission statement of the 47thCST is different than almost any other mission statementof a civilian company it does provide the information needed for their employees and anyonethat may need their services.What is the role of the vision and mission statement in driving the activities of the firm?It gives a clear a precise mission of the activates of the 47thCST to the employees and the publicexplaining is small detail what their exact purpose is.By their mission statement oneunderstands that they are a first response unit that activates to assist with local authorities in thecase of a natural disaster or terrorist activities.1.Question :The difference between the concept of a company missionstatement and the concept of a strategic vision is thatStudentAnswer:a mission statement typically concerns a company’s presentbusiness scope (“who we are and what we do”) whereas theprincipal concern of a strategic vision is with the company’s longterm direction and future product-customer-market-technologyfocus.the mission is to make a profit, whereas a strategic visionconcerns how to attract customers.a mission statement deals with what to accomplish on behalfof shareholders and a strategic vision concerns what to accomplishon behalf of customers.a mission concerns what to do to achieve short-run objectivesand a strategic vision concerns what to do to achieve long-runperformance targets.a mission statement deals with “where we are headed ”whereas a strategic vision provides the critical answer to “howwill we get there?”Points Received:1 of 1Comments:2.Question :Leading the effort to operate a company in an ethically-principledfashion involves the CEO and other senior executives
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