Explain the fundamental ways in which a business can grow its revenues and profits
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Organizational Mission DQ1
Explain, in your own words, the terms “mission,” “vision,” “goals,” and “values” statements. What is the practical purpose of a statement of organizational values? Under what circumstances should an organization consider changing these – if at all? How do they play into the strategic direction of an organization? If you are a departmental manager, how do you implement and sustain these in your organization?
Profits and Revenues DQ2
Explain the four fundamental ways in which a business can grow its revenues and profits. Then, describe the five generic types of growth strategy available to individual SBUs. Hypothesize what metrics a program executive might use to monitor these strategies.
You must proofread your paper. But do not strictly rely on your computer’s spell-checker and grammar-checker; failure to do so indicates a lack of effort on your part and you can expect your grade to suffer accordingly. Papers with numerous misspelled words and grammatical mistakes will be penalized. Read over your paper – in silence and then aloud – before handing it in and make corrections as necessary. Often it is advantageous to have a friend proofread your paper for obvious errors. Handwritten corrections are preferable to uncorrected mistakes.
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The paper must be neatly formatted, double-spaced with a one-inch margin on the top, bottom, and sides of each page. When submitting hard copy, be sure to use white paper and print out using dark ink. If it is hard to read your essay, it will also be hard to follow your argument.