1. No one has reviewed the Nik Naks mission in a while. You recommend updating it based on our lesson describing mission statement components. Rewrite the company's mission statement 2. There hasn't been much thought to organizational structure and design. Based on the elements of organizational design, propose a divisional structure for the business and explain (there's no word count limit). (5 points) 3. Other than COVID, identify an environmental force that could currently be impacting one of Nik Naks' businesses (or the industries in which they operate). Provide a link if there's a news article, and briefly describe the force and how it imbacts the businese. (10 nnintel The Nik Naks board members are developing goals for its business portfolio. 4. One member wants to grow Nik Naks' business portfolio through unrelated diversification. Briefly describe this new business (there's no word count limit). (10 points) Your family owns and operates Nik Naks, Incorporated. Nik Naks (named after your great grandparents Nikolas and Nikki) is the parent company for three small businesses. Milo's Hamburgers: Your grandparents opened this restaurant in 1946. Famous for their secret sauce and simple menu (only burgers and fries), Milo's now has multiple locations throughout the city. Old School Gym: Your grandparents bought this business about 15 years ago with minimal Investment, but don't let the name fool you. Old School Gym has all the modern equipment needed to be successful today. It hosts an annual fitness competition that attracts participants from all over the nation, and its fame keeps the business running and prosperous. Splash Water Park: Your grandparents recently purchased this from some friends. There are only 5 slides and a lazy river, but business is steady during the warmer parts of the year. Each business runs with little debt, and all have a good reputation in the community. The family knows you're taking business courses, and asks you to analyze and suggest changes based on what you've learned. Demonstrate your knowledge of key strategic concepts by responding to various scenarios. 1. No one has reviewed the Nik Naks mission in a while. You recommend updating it based on our lesson describing mission statement components. Rewrite the company's mission statement 2. There hasn't been much thought to organizational structure and design. Based on the elements of organizational design, propose a divisional structure for the business and explain (there's no word count limit). (5 points) 3. Other than COVID, identify an environmental force that could currently be impacting one of Nik Naks' businesses (or the industries in which they operate). Provide a link if there's a news article, and briefly describe the force and how it imbacts the businese. (10 nnintel The Nik Naks board members are developing goals for its business portfolio. 4. One member wants to grow Nik Naks' business portfolio through unrelated diversification. Briefly describe this new business (there's no word count limit). (10 points) Your family owns and operates Nik Naks, Incorporated. Nik Naks (named after your great grandparents Nikolas and Nikki) is the parent company for three small businesses. Milo's Hamburgers: Your grandparents opened this restaurant in 1946. Famous for their secret sauce and simple menu (only burgers and fries), Milo's now has multiple locations throughout the city. Old School Gym: Your grandparents bought this business about 15 years ago with minimal Investment, but don't let the name fool you. Old School Gym has all the modern equipment needed to be successful today. It hosts an annual fitness competition that attracts participants from all over the nation, and its fame keeps the business running and prosperous. Splash Water Park: Your grandparents recently purchased this from some friends. There are only 5 slides and a lazy river, but business is steady during the warmer parts of the year. Each business runs with little debt, and all have a good reputation in the community. The family knows you're taking business courses, and asks you to analyze and suggest changes based on what you've learned. Demonstrate your knowledge of key strategic concepts by responding to various scenarios