Format for Your Initial Post

Use the following numbers and headings for each part of your response to a particular issue. You will also use, as required, in$-$text citations and a reference list to support your answers.

Explanation of Mission Statement Requirements

A Mission Statement for Smithfield Custom Furniture's New Product Line

Explanation of Vision Statement Requirements

Vision statement for Smithfield Custom Furniture's Product Line

Application of either of Michael Porter's two strategies $...$ Competitive Advantage $($low cost versus exclusivity$)$ or Competitive Strategy $($Five Forces Model$)$

Priority Order$/$Justification Smithfield's $3$ Next Stens