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MGT603 Strategic Management Assignment 01 Fall 2020 Solution / Discussion

The Case:The Case:
A vision statement is known as the picture of a company and lays down the foundation for a sound mission statement. Both vision and mission statements are considered vital in setting the direction of a company and to generate a viable identity for its stakeholders as well. A mission statement is ideally built by keeping a few essential components in mind (Refer to lesson 6 of VU Handouts) and it serves a specific purpose for the company. Being a student of strategic management, you are provided with two mission statements as under: -
 “ABC firm is a team of committed professionals, providing innovative and efficient financial solutions with the help of modern technology to create and nurture long-term relationships with the customers. The skilful employees and equal growth opportunities ensure our shareholders to invest with confidence in us”
“Enrich the daily lives of individuals, families and communities by providing quality home care products, which offer convenience, quality and affordability”
Requirements: (4+4+1+1)
Based on the above information, please go through the mission statements and answer the following questions.
1. Mention any of the three vital components of a mission statement in the provided statements with proper reasoning.
2. Identify the narrow and broad mission statements from the given statements.

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MGT603_Assignment_No_01_Solution_Fall_2020

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MGT603_Assignment_No_01_Solution_Fall_2020

Strategic Management (MGT603)
Assignment # 01
TOPIC: Vision & Mission statements
MARKS: 10
Due Date: 10 DECEMBER 2020

Learning Objective:
 Students will be able to learn about vision & mission statements.
Learning Outcome:
 Students will be able to evaluate the basic contents of vision & mission statements. Furthermore, they will be able to differentiate between a narrow and wide mission statement.

The Case:
A vision statement is known as the picture of a company and lays down the foundation for a sound mission statement. Both vision and mission statements are considered vital in setting the direction of a company and to generate a viable identity for its stakeholders as well. A mission statement is ideally built by keeping a few essential components in mind (Refer to lesson 6 of VU Handouts) and it serves a specific purpose for the company. Being a student of strategic management, you are provided with two mission statements as under: -
“ABC firm is a team of committed professionals, providing innovative and efficient financial solutions with the help of modern technology to create and nurture long-term relationships with the customers. The skilful employees and equal growth opportunities ensure our shareholders to invest with confidence in us”
“Enrich the daily lives of individuals, families and communities by providing quality home care products, which offer convenience, quality and affordability”

Requirements: (4+4+1+1)
Based on the above information, please go through the mission statements and answer the following questions.
1. Mention any of the three vital components of a mission statement in the provided statements with proper reasoning.
2. Identify the narrow and broad mission statements from the given statements. 

#MGT603Assignment1SolutionFall2020 #MGT603Assignment01SolutionFall2020 #MGT603Assignment1Solution2020
SOLUTION Assignment No. 1 (MGT603 - Strategic Management) Fall 2020

#MGT603Assignment1SolutionFall2020
#MGT603Assignment01SolutionFall2020
#MGT603Assignment1Solution2020
#StrategicManagement
#MGT603Assignment2020
#MGT603

MGT603_Assignment_No_01_Solution_Fall_2020

Click on the below link to download the file

MGT603_Assignment_No_01_Solution_Fall_2020

The given solution in youtube video is correct.

Mgt603 Assignment Idea Solution
Siara Ali No 1 professional are working in firm with proper skill and knowledge .2 Best financial solution will be given No..3 Lastest technology is used 4,Motivation for new investors 5- security is provided to shareholders by giving confidence.
1 -Narrow point is providing quality home care products and nurture long-term relationships with
the customers. ,2 broad is team of committed professionals and providing innovative and efficient solution
Assignment Solutions

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