[SOLVED] The Process of Executing Strategy

1. Is anything missing from the vision statements presented in Illustration Capsule 2.1 – Examples of Strategic Visions – How Well Do They Measure Up? on page 23?2. Illustration Capsule 2.2 – Patagonia, Inc.: A Values-Driven Company on page 27,states that Patagonia’s mission statement is influenced by a set of four core values.What are these values and how do they influence the mission statement?3. A well-conceived strategic vision helps prepare a company for the future. True orfalse? Explain and justify your answer.4. What is the difference between a mission statement and a strategic vision?5. What is MBWA and why is this concept important?6. Define and briefly explain what is meant by each of the following terms:a) strategic visionb) strategic inflection pointc) stretch objectivesd) strategic objectivee) balanced scorecardf) strategic intentg) strategic plan7. How can one tell if a company has an ethical strategy?8. Regarding Illustration Capsule 2.3Examples of Company Objectives onpage 29: What is the prominent purpose of each organization’s stated objectives?9. In what way did the Board of Directors at Fannie Mae and Freddie Mac contribute to the financial failure faced by both organizations?10. Review Case 04 – Costco Wholesale in 2016: Mission, Business Model, and Strategy. What is Costco’s business model? Is the company’s business model appealing? Why orwhy not?

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