The 5 P’s of Strategy
Learning Activity #1
The 5 P’s of Strategy are Plan, Ploy, Pattern, Position, and Perspective.
Choose 1 of the companies from the list below:
Samsung
Apple
Verizon
Sprint
Based upon your understanding of the 5 P’s of Strategy, explain how the company you have selected is demonstrating each of the 5 P’s of Strategy. Support your responses with detailed examples based upon your research and knowledge of the chosen company.
Learning Activity #2
The link below provides samples of Mission Statements for Fortune 500 companies.
http://www.missionstatements.
Choose a Mission Statement from one of the companies that is listed. Based upon what you have reviewed in the course readings for this week, do you believe that the Mission Statement meets the criteria for an effective Mission Statement?
Provide a detailed rational to support your position by comparing and relating this statement to the characteristics of an effective statement that was discussed in the readings for this week. Your response should explicitly reference the characteristics of an effective statement.
Create a revised Mission Statement that illustrates a more effective Mission Statement if you feel that this statement is ineffective. Be sure to include the companies Mission Statement in your response.
*Please provide any links for information used and 2-3 paragraphs each. No copy and paste, no plagiarism
Preview of the answer..
Samsung is one of the greatest technology companies of modern age. Samsung is a known conglomerate with very diverse business ventures under its brand among them being phones, house appliances such as refrigerators, televisions, microwaves just to mention but a few. Its headquarters are located in Samsung town, Seoul. Samsung initially began as a trading company. However, over the years has diversified into various industries such as the telecommunications, shipbuilding and production of semiconductors. Samsung’s diversity is considered as very strategic, the planning involved..
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