Assignment

Part one: Just answer the questions that are numbered. There will be 5 questions.

1. Are "strategic management" and "strategic planning" synonymous terms? Explain.

2. Do you feel an organization should maintain their original mission and vision statement(s), or do you feel these statements should be periodically updated? Please explain your answer.

3. What is the difference between long-range planning and strategic planning? Explain your answer.

4. Within this unit, we discussed how businesses may need to adapt to changing times in order to stay competitive. Their initial practices may have worked well previously, but may not serve them well in the long term. The newspaper industry is one that may face extinction. Explain why they may need to rethink their business strategy, and provide some advice on possible strategic management changes. Be specific to include goals/objects, strengths, and weaknesses.

5. Colleges and universities, like all business, have strengths, weaknesses, and competitors. What would you consider to be an online university's internal strengths and weaknesses? Why? Also, who would you say are the competitors to online universities? What are three external opportunities and three external threats?

Part Two:

Watch a series of short video segments from the film Business Ethics: A 21st-Century Perspective. In combination with the assigned reading, provide a response to the questions that follow.

---Daly, F., White, T., & Vogel, D. (Writers). (2000).Business ethics: A 21st-century perspective

--Watch the video segment titled "Business Problems/Ethics." How does the globalization of business affect how you would analyze the ethical issues surrounding the use of child labor around the world?

--Watch the video segments titled "Temptations vs. Ethical Dilemmas" and "Resolution Principles." Discuss the difference between a temptation and an ethical dilemma in the context of an experience you have had, and describe how you resolved the matter.

--Watch the video segment titled "Future Business Dilemmas." Identify and discuss an issue confronting 21st century businesses today, and explain how you would analyze and resolve the issue. For example, what questions and/or research would you employ, and on what basis would you make your determination?

The Unit I Essay should be at least 500 words in length, double

- Spaced, and written in Times New Roman, 12-point font. Be sure to cite and reference all paraphrased and quoted material using APA style.