B. MISSION STATEMENT ANALYSIS OF i. Evaluation of mission statement We believe: Consumers are our lifeblood, the center of the doughnut. There is no substitute for quality in our service to consumers. Impeccable presentation is critical wherever Krispy Kreme is sold. We must produce a collaborative team effort that is unexcelled. We must cast the best possible image in all that we do. We must never settle for "second best;" we deliver on our commitments. We must coach our team to ever-hetter results Components: Consumers (1) are our lifeblood, the center of the doughnut (2). There is no substitute for quality in our service to consumers (2). Impeccable presentation (5) is critical wherever Krispy Kreme is sold. We must produce a collaborative team effort that is unexcelled (6). We must never settle for "second best;" we deliver on our commitments. We must cast the best possible image (7) in all that we do. We must coach our team to ever-better results (9). Legends Components 1.Customers Consumers 2. Product or services • doughnut • quality in our service 5.Concern for survival, growth and Impeccable presentation profitability. 6. Philosophy collaborative team effort 7. Self concept best possible image 9. Employees coach our team to ever-better results Conclusion of analysis Mission statement of Krispy Kreme Doughnuts is not good since components of a good mission statement is lacking in some points like; (3) Markets: Where does the firm competes is not mentioned. (4) Technology - They have not mentioned any details about the technology. (8) Public image - They have not mentioned anything about other public images or they're responsive to social, community, and environmental concerns. Nine Mission Statement Legends: 1.Customers: Who are the firms' customers? 2. Product or services: What are the firms' products and services? 3. Markets: Geographically, where does the firm compete? 4. Technology – Is the firm technologically current? 5. Concern for survival, growth and profitability? – Is the firm/company committed to growth and financial soundness? 6. Philosophy – What is the basic values, belief, values, aspirations and ethical priorities? 7. Self concept – What is the firm's distinctive competence or major competitive advantage?
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
Required :Please do check the done mission statement and the classified above of Krispy Kreme Doughnuts Inc 2015, is in numbering in correct components or wrongly explain. If yes please make changes on the evaluation of mission statements with the components and conclusion as stated above. Follow as the above
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