1
WGU C209 TASK 1 | LATEST UPDATE WITH
COMPLETE SOLUTIONS
Paulette Franklin
College of Business Western Governors University
June 15, 2024
, 2
Companies rely on a competitive advantage that distinguishes them from their
competitor, and a successful business strategy sets companies apart from others. A company's
Mission, vision, and value statement sets the foundation for building a lasting and prosperous
organization. The company should prioritize communicating these plans throughout leadership
to ensure alignment of the organization's culture, business strategy, and employees. Measuring
the strength of the strategy is essential to a successful organization, and using analytical tools
will help analyze the overall performance.
Projecting the long-term direction for the company enables executives and management
to prioritize the present circumstances and goals to provide critical benefits to a company's
overall strategy in developing the vision, mission, and values statement. Utilizing a continuous
strategic process will help the organization grow and execute its strategy by using the five steps.
Creating the organization strategy is the plan the organizational leader will implement to achieve
the financial goals, competitive advantage, and preferred organizational results. Next,
developing performance measurement objectives will track the company's progress. They
establish a strategy that will aid in meeting objectives and then successfully execute the company
strategy efficiently and competently monitoring the company's strategic execution and
performance while anticipating changes in the strategic process when economic factors,
emerging opportunities, and facing new challenges are the final step.
The company value statement sets the culture and acts as the guiding principle for
employees and prospective customers. It also serves as a standard that guides employees' actions
and decision-making. The strategic vision statement addresses where the company wants to be.
"A strategic vision details management's aspiration for the business view of "where we are
going" and rationale for why this makes good business sense" (Thompson, 2020). Leadership
WGU C209 TASK 1 | LATEST UPDATE WITH
COMPLETE SOLUTIONS
Paulette Franklin
College of Business Western Governors University
June 15, 2024
, 2
Companies rely on a competitive advantage that distinguishes them from their
competitor, and a successful business strategy sets companies apart from others. A company's
Mission, vision, and value statement sets the foundation for building a lasting and prosperous
organization. The company should prioritize communicating these plans throughout leadership
to ensure alignment of the organization's culture, business strategy, and employees. Measuring
the strength of the strategy is essential to a successful organization, and using analytical tools
will help analyze the overall performance.
Projecting the long-term direction for the company enables executives and management
to prioritize the present circumstances and goals to provide critical benefits to a company's
overall strategy in developing the vision, mission, and values statement. Utilizing a continuous
strategic process will help the organization grow and execute its strategy by using the five steps.
Creating the organization strategy is the plan the organizational leader will implement to achieve
the financial goals, competitive advantage, and preferred organizational results. Next,
developing performance measurement objectives will track the company's progress. They
establish a strategy that will aid in meeting objectives and then successfully execute the company
strategy efficiently and competently monitoring the company's strategic execution and
performance while anticipating changes in the strategic process when economic factors,
emerging opportunities, and facing new challenges are the final step.
The company value statement sets the culture and acts as the guiding principle for
employees and prospective customers. It also serves as a standard that guides employees' actions
and decision-making. The strategic vision statement addresses where the company wants to be.
"A strategic vision details management's aspiration for the business view of "where we are
going" and rationale for why this makes good business sense" (Thompson, 2020). Leadership
