Look over the attached article/survey and follow the instructions below. Name 3 theoretical orientations you scored highest in the article attached and write 1 brief paragraph for each theoretical orientation…..
Principle Of Management
MGT 305 – Exam 2 Essay Answer Sheet | Name: |
1. Nik Naks current mission statement is “to provide guests a tasty meal with healthy ingredients.” You recommend updating it based on our lesson describing mission statement components. Rewrite the company’s mission statement in no more than 45 words.
2. There hasn’t been much thought to organizational structure and design. Based on the elements of organizational design, propose an organizational structure for the business (there’s no word count limit).
As stated in the instructions, the company is in a good place financially. Still, many of your family members disagree with the current strategy of the company.
3. One member wants to grow Nik Naks’ business portfolio through unrelated diversification. Briefly describe this new business (there’s no word count limit).
4. One member wants to grow Nik Naks’ business portfolio through related diversification. Briefly describe this new business (there’s no word count limit).
5. One member wants to undertake a differentiation strategy with Super Spin. Briefly describe this approach and provide examples (there’s no word count limit).
6. One member wants to undertake a low-cost strategy Express Car Wash. Briefly describe this approach and provide examples (there’s no word count limit).