According to the Small Business Administration (2020), about twenty percent of businesses fail in the first year. Another half fail within five years. By year 10, only about 33% of businesses survive. You might be asking yourself, why? The key to success, as your textbook states, is to remain flexible enough to adapt through changing times. To be flexible the organizational structure and the dynamics within the organization must also change with the times.
Instructions
You will continue to write about the company you chose and the template from Week 1. This week, you will write on the following points below. Your submission should be approximately 2 pages long and use at least two credible resources. Research and review the website of the company you chose for most of this information needed below:
• Mission Statement

o Provide the mission statement.
o Explain the meaning of the mission statement to the company’s employees and customers.
• Strategic Goals
o Identify and describe two strategic goals you have located on the company’s website.
o How do the strategic goals support the mission statement?
• SWOT Analysis
o Identify one strength for this business.
o Identify one weakness for this business.
o Identify one opportunity for this business.
o Identify one threat to this business.
• Organizational Structure
o How is the company structured? Check out Chapter 7 in your book and use any of the descriptions from the chapter to explain how the company is structured i.e. centralization versus decentralization, span of control, tall versus flat organizational structures, and/or departmentalization.
• Conclusion
o Based on your research about this company, do you think the mission, the goals, and the organizational structure are all aligned and support one another? Support your opinions and conclusions.

 

 

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