The purpose of strategic planning is to find ways in which an organization can best use its strengths to take advantage of opportunities within the environment.

In the past, Wal-Mart mission statement was, “We deliver low prices, every day.” Currently, Wal-Mart’s corporate mission is “to save people money so they can live better.”

• Using the knowledge from strategic formulation and unit’s reading, provide a possible reason for review of Wal-Mart’s mission statement.

3. Take a moment and reflect on the topics introduced in this Unit.

• Formulate at least one question that arose while you were reading the material and completing the assignments.
• Was there anything in this Unit that surprised you or caught your attention? Explain.

For assistance with reflective writing, readHow to Write a Reflective Paper.

The Portfolio Assignment entry should be a minimum of 500 words and not more than 750 words. Use APA citations and references if you use ideas from the readings or other sources.