Strategic Management Homework: Vision, Mission, and Capstone Projects

This assignment solution addresses key concepts in strategic management. It defines strategic management, discusses internal and external environments, and outlines the three components of strategic management: cost, time, and scope. The solution explains strategy formulation, implementation, and evaluation, highlighting common characteristics like mission, vision, and core values. It also defines a capstone course and analyzes how interest rate changes affect the automobile, home construction, and auto repair industries. Additionally, the assignment explores the impact of government regulation on agriculture and banking, differentiates between vision and mission statements, and outlines their benefits. Finally, it provides the mission and vision statements of Medgar Evers College, demonstrating a comprehensive understanding of strategic management principles.