Describe the product or service on which the company is focusing, including the company’s name and its significance. Revise the company’s mission statement base

Requirements

The specific requirements for this assignment are to write a 3-5 page paper in which you:

1. Describe the product or service on which the company is focusing, including the company's name and its significance.
2. Revise the company's mission statement based on feedback received in the Week 1 discussion thread, including the rationale for each component of the mission statement.
   • Place the mission statement within quotation marks.
   • Use the Mission Statement Worksheet on pages 72-73 of your textbook as a guide.
3. Describe the trends in your specific industry, focusing on your particular type of product or service.
   • Research and outline industry trends. Be sure to consider the size and growth rate for the overall industry and for the specific product or service on which you are focusing.
   • Search the Strayer Library, industry associations, and reliable websites for recent data.
4. Select the strategic position from the course textbook (pages 146-147) that you believe is the best one for your chosen company and explain how you will implement it to distinguish your product or service from the competition.
   • Consult Chapter 9, "Strategic Position & Risk Assessment" of your textbook for help in crafting this portion of your business plan.
5. Describe the company's distribution channels and provide the rationale for your selection.
   • Sample questions to ask when choosing distribution channels:
     • Will you sell your product in grocery stores, restaurants, or sports venues?
     • Will you sell your product online or as a subscription?
     • Where will the service be offered?
6. Revise your selected company's SWOT matrix based on feedback from the Week 2 discussion thread and summarize the key learnings from your matrix.
   • Be sure to use the SWOT Matrix [DOCX] Download SWOT Matrix [DOCX](table) when revising your SWOT matrix.

Formatting

Format your assignment according to these requirements:

This course requires the use of Strayer Writing Standards (SWS). The library is your home for SWS assistance, including citations and formatting. Please refer to the Library site for all support. Check with your professor for any additional instructions.

• Typed, double-spaced, using Times New Roman font (size 12), with one-inch margins on all sides. You may single-space the information included in the SWOT Matrix.
• You must include headings in your paper for each major topic.
• Include a cover page containing the assignment title, your name, the professor's name, the course title, and the date. The cover page is not included in the required page length.
• Include a source list page. Citations and references must follow the Strayer Writing Standards format. All sources used must be listed in the source list page and have a corresponding in-text citation. The source list page is not included in the required page length.
  • Note: There is no minimum requirement for the number of resources used in this assignment.

Learning Outcomes

The specific course learning outcome associated with this assignment is:

• Develop a company overview and SWOT analysis that include trends, strategic positioning, distribution channels, and risks.