Business strategy and Mission statements are very important

Business strategy and Mission statements are very important to companies. In contemporary operations, companies also must discuss their social and ethical responsibilities. Please choose two companies such as Walmart, Amazon, Vidant etc and discuss their mission statements, Business strategy, stated social and ethical responsibilities.

Solution

Walmart
Mission Statement:
\'Saving people money so they can live better\' which means \'saving people money so they live better\'. Customers saves money through walmart best selling prices for their living needs.

Business Strategy:
Walmart business models works on market penetration, market development, product development.

Social responsibility:
Walmart social responsibilty focuses on increasing economic opportunity, enhancing sustainability of operations and global value chains, improving local communities etc.

Amazon
Mission Statement:
\'We strive to offer our customers the lowest possible prices, the best available selection, and the utmost convenience\' which means low pricing strategy is one of the key attractive component. Amazon also points to have the best selection having wide variety of products at utmost convinience.

Business Strategy:
Amazon business model works on,
Foot steps in new niches and segments, improving amazon ecosystem, adhering to amazon leadership values.

Social responsibility:
Amazon supports local communities, educating and empowering workers, energy consumption, support charity, liases with non-profit organization for funnds etc.