Hi can you help me answer this discussion post??

Option 1 is to find an issue of the classmate to whom you respond with which you disagree. You must state why you believe there is a better manner to address a particular issue that differs from your classmate's response. You must state the major idea associated with your choice and why that idea applies to the issue more appropriately. You must support your reply with course materials, in-text citations, and references.

Option 2 occurs if you agree with all of a particular classmate's initial posting responses. In that case, you must expand on one issue that your classmate presented. Your enhancement will provide more depth or other related factors that your classmate should consider. Your reply must be supported with course materials, in-text citations, and references.

Explanation of Mission Statement Requirements A mission statement's purpose is to state what a company or organization plans to do in order to reach their vision. It is also used to communicate to the company or organization's stakeholders what their purpose is.

A Mission Statement for Smithfield Custom Furniture's New Product Line "Smithfield's mission is to deliver well-made, affordable furniture without sacrificing quality."

Explanation of Vision Statement Requirements A vision statement's purpose is to state a company or organization's goals for their future.

Vision statement for Smithfield Custom Furniture's Product Line "Smithfield's vision statement is to bring the best quality furniture to Middle America."

Application of either of Michael Porter's two strategies --- Competitive Advantage (low cost versus exclusivity) or Competitive Strategy (Five Forces Model) Smithfield is considering Michael Porter's competitive strategies, the Five Forces Model, with this new product line they plan to launch. The Five Forces are Threat of New Entrants, Threat of Substitute Products, Competitive Rivalry within an Industry, Bargaining Power of Supplies, and Bargaining Power of Customers. More specifically I believe they are focused on the Bargaining Power of Customers. Jonas realizes that there is a large customer pool of middle class that are not interested in the high-end furniture that they provide.

Priority Order/Justification Smithfield's 3 Next Steps Evaluate Alternatives Before committing to developing a new line, Jonas should consider other alternatives. He could consider lowering prices of the current products to make them more accessible to Middle America. Identify Resources If Jonas decides to move forward with the new line, he will need to find the resources to manufacture it. He will need different material than what is currently being used for the high-end furniture. Plan and Implement Tasks Next, management should get together to create a roadmap to get to the end goal of the new, more affordable furniture line. This is extremely important as it will define tasks for different departments in the organization and establish a timeline. References:

Learning, L. (n.d.-a). Common Frameworks for Evaluating the Business Environment. Lumen. https://courses.lumenlearning.com/wmopen-principlesofmanagement/chapter/common-frameworks-for-evaluating-the-business-environment/

Learning, L. (n.d.-b). Mission, Vision, and Values. Lumen. https://courses.lumenlearning.com/wmopen-principlesofmanagement/chapter/reading-mission-vision-and-values/