Example Of A Mission Statement - 1149 Words

Question 1:- Contrast the following terms: a. Mission; Objective statements; competitive strategy b. Corporate strategic planning ; ISP c. Top-down planning; bottom-up planning d. Low-cost producer; product differentiation; product focus or niche Answer 1:- a. Mission Statement – A Mission statement is in general an action statement which is usually short ,simple and direct, capturing the essence of what your business or organization wants to accomplish and how. It is a declaration of an organization’s core purpose answering the question, â€Å"why do we exist?† and specific enough that employees public will know, â€Å"this is what we do†, â€Å"what to expect from us† moreover â€Å"how we may differ from our competitors†. A mission is a very big, long-term end-result or achievement. There may be objectives, goals, strategies, executions and tactics all used to achieve the mission, but the mission is the biggest and most important thing to be accomplished. The mission statement serves as an update — to you, your representatives, and your clients — of the main purpose of your business. Objective Statement - Once an organization has developed its mission statement, its next step is to develop the specific objectives that are focused on achieving that mission. Each objective, or level, is separated by a series of stepping stones that the business must climb to reach each objective. The stepping stones are goals. The goals, unlike the mission statement, are actionable and measurable steps.Show MoreRelatedWhat A Mission Statement Is And What It Should Look Like Essay1713 Words   |  7 PagesExamples are a great way to understand what a mission statement is and what it should look like. One example of an effective mission statement is that of the Xerox company, which states, â€Å"We believe improving the flow of work is core to helping our clients be more successful and making the world a better place. By providing our customers with business process services, printing equipment, and software and solutions, we enable greater productivity, efficiency, work capacity a nd personalization† (XeroxRead MoreChapter 2: the Business Vision and Mission1258 Words   |  6 Pagesnature and role of vision and mission statements in strategic management †¢ Describe why mission statement is important †¢ Identify the components of mission statements †¢ Discuss how vision and mission statements can benefit strategic management activities †¢ Evaluate mission statements of different organizations †¢ Write good vision and mission statements Ch. 2-2  © 2001 Prentice Hall Comprehensive Strategic Management Model External Audit Vision Mission Statements Long-Term Objectives Read MoreA Mission And Vision Statement909 Words   |  4 Pages Introduction A mission and vision statement define a facility; it provides a statement of the companies goals, values and its purpose. All employees need to be aware of these values in-order to allow the company to succeed and to accomplish greater tasks. Baystate Noble is a small community hospital and its mission and vision statement define the hospital very well. Their statement states the following, â€Å"It is our mission to improve the health of our patients through innovative care in a personalizedRead MoreMission Statements : A Mission Statement Essay1137 Words   |  5 PagesEvaluating Mission Statements Most successful companies have a mission statement. But, why is it important for a company to develop a mission statement? The purpose of the mission statement is to describe what a business provides and to whom they are providing for. A company’s mission statement is usually developed by those in upper management positions, the top leaders of the company. The mission statement is concise and it is used to communicate to the company’s customers, employees, and toRead MoreDiscussion Board Thread : Mission Statement865 Words   |  4 PagesThread Re: Missions Statement Definition: Anita Satterlee defines a missions statement as follows: â€Å"A mission statement is like an introductory paragraph: it lets the reader know where the writer is going† (Satterlee, 2013). Summary: Mary Kneeling is a supervisor for library media services for Newport News, and she was a past president of the Virginia association of school librarians. Mary has done a large amount of research on the topic to compose a detailed article on mission statements. Mary KeelingRead MoreStrengths And Weaknesses Of Mission Statement1617 Words   |  7 PagesWeek 2: Mission, Vision Values Qs 27 27 unread replies. 27 27 replies. What are the strengths and weaknesses of EACH of the mission statement examples in this linked file? mission_statements.pdf follow the three criteria for effective missions in this discussion. Mission statement criteria Effective mission statements must meet three criteria: 1. They must express aspirations (goals/ideals). 2. They must provide practical guidance for strategic decisions and choices that face the organizationRead MoreVision Statement : Mission Statement877 Words   |  4 PagesVision and mission statements summarize strategy of a company in a form that can be communicate and understand easily by management and stockholders. A vision statement should not be confused with a mission statement as both statements take part in two distinctive aspects. A vision statement ought not to be mistaken for mission statement as both statements join in two particular angles. What is vision statement? Vision Statement is the establishment of the association. It is the target of the associationRead MoreMission Vision Statements1101 Words   |  5 PagesMISSION amp; VISION STATEMENTS FedEx amp; Google Mission amp; Vision Statement Analysis Prepared for Prepared by October, 2013 MISSION STATEMENT â€Å"Mission statement  is a description of what an organization actually does – what its business is – and why it does it.† Often called the â€Å"credo†, â€Å"philosophy†, â€Å"core values† or â€Å"our aspirations†, organization’s mission is the statement that defines its core purpose or reason for being. It tells who a company is and what it does. AccordingRead MoreVision, Mission and Value Statements Essay919 Words   |  4 PagesIntroduction I am going to discuss what the vision, mission and value statements are and how they are important to our business. Each statement has different qualities which I will discuss in my presentation. The future of our business and the Vision of who we are goes with our philosophy and ideals of who we want to be. The vision statement should inspire your employees and give them direction on how your organization intends them to act and give them purpose. It also, gives our members understandingRead MoreMission Statement Of Home Depot, Inc.1258 Words   |  6 Pagesmost important things an organization can and must do is have an effective mission statement. The purpose of this paper is to evaluate the mission statements of Home Depot, Inc. and Nike, Inc. The first step is to give a brief history of each company and the clients they serve. Next, review each company’s mission statement and evaluate them based on a few criterions. For example, the relevance of the mission statement to the organization’s customers, their needs, is it realistic, is it clear