1. Using the essential components discussed in the Threaded Discussion 1, Thread 1 and the course textbook table 2.4, construct a Mission Statement for The United Services Automobile Association (USAA). USAA’s mission is to facilitate the financial security of its military members, associates and their families (1) by providing a full range of highly competitive financial products and services (2) regardless of member location (3). We do this by using the latest technology (4), upholding the highest standards and ensuring that our corporate business activities and individual employee conduct reflect good judgment and common sense, and are consistent with our core values of Service, Loyalty, Honesty and Integrity (6&7). We are committed to maintaining and even enhancing steady growth in financial strength and operational capacity (5) while respecting the planet (8) and engaging the talent and passion of employees (9). A. Explain your statement using the component model; list and discuss each mission component. According to …. an effective mission statement should include nine essential components. These components are also included in USAA’s mission statement and will be discussed below. 1. The company’s customers should be stated. USAA’s customers are its military members, associates, and their families. 2. The products and services should be identified. USAA provides financial products and services. 3. The geographic location should be defined. USAA will serve all of
"A good mission statement portrays an organization's unique and lasting reason for being, and energizes stakeholders to follow common goals. It likewise enables a focused allocation of
1. Mission and Vision Statement – Mission is a written declaration of the purpose of an organization and Vision is that business will accomplish in future years.
Ideally, a good mission statement also provides information regarding the organization’s overall management philosophy, its business model, its technical and social competencies, and its values and beliefs (Aguinis, 2009; Azaddin, 2011; Bart & Hupfer, 2004; Covin, Slevin, & Schultz, 1994). Moreover, to make mission statements of large companies more individually relevant, Azaddin (2011) advocates flexible “guiding statements” that account for the “context, culture, structure, and needs of an organization” (p. 31). Thus, a mission statement must be meaningful and applicable to all stakeholders for strategic decision-making to be effective.
Be sure to include a good Mission Statement that meets the criteria of our author. This is a standalone paragraph that clearly indicates the business in which your company finds itself, and addresses the MARKET that you are addressing. A Mission Statement is market focused and not product-focused.
Most organization have develop an element called a mission statement. A mission statement describes and helps focus the attention of organizational members and external constituents on the organization's core purpose. This is use in the criminal justice and security agency use mission statement for the success of the organization and better serve the community or businesses that they have agree to serve and protect.
Mission statements for any organization are today a foundation stone for defining its activities, attitudes and culture. Thus the mission statement influences the organization to a very great extent. Thus the mission statement shows the degree of internalization and the general principles of governance adopted by the institution, and its core values and responsibilities and the area of interest. (Yopp, 2008)
I choose USAA as my company because I’ve been serving in the military the past 26 years. The company is ran prominently by ex-service members that provide a vast amount of financial products and services to include auto loans, insurances, and investment services to name a few. It has been a pleasant experience anytime I’ve needed to utilize their services and there customer support teams are top notch.
Before we can identify the needs of customers and stakeholders, it is important that we can identify who our customers and stakeholders actually are.
challenges, however, are the most difficult ones to face and overcome. Some environmental issues that
Organizing the direction of a business or corporation is essential because it can increase profitability and provide broad guidelines for how to accomplish the organization goals. This is where a mission statement becomes useful. A mission statement should be short, concise, and to the point. Employees should be able to remember it and make it part of their everyday work culture.
A mission statement addresses the actions that are needed to meet the organizational objectives of a business goal (Thompson, 2015). Ford Motor Company’s current mission statement is about the response to current challenges that company has experienced in dealing with new market risks, such as the American recession and the global financial crisis that started in the late 2000’s (Thompson, 2015a). Ford’s mission statement is “One Team, One Plan, One Goal (Thompson, 2015a). The company’s mission statement emphasizes teamwork to achieve synergy at Ford (Thompson, 2015a). It is important for Ford to unify all of their organizational stakeholders into one cohesive unit.
The mission statement communicates to stakeholders the main activities that the company focuses on in order for it to achieve its vision. The mission statement communicates to employees’ information on how to conduct their day to day activities. The mission statements also describe the organizations, policies, culture as well as ethics (Alesia 2013).
A mission statement describes the objective of a company or an organization. It shortly defines the overall goal and clarifies why the company exists (Griffin,1990). A mission statement should indicate some core points..
You¡¦re in charge of orienting new employees at the Mitsubishi Plant. Create a general out line of what your orientation programme would include.