The social chain network where people work together to achieve certain goal is business. It can be also defined as the exchange of money or any wealth through buying and selling of goods or exchanging of any services.”A business, also known as an enterprise or a firm, is an organization involved in the trade of goods, services, or both to consumers.”(Sullivan and Sheffrin 2003, p.9). The mission statement can be defined as the general guideline for the behavior of the organization and also the basis plan for the survival of the organization in a market. The mission mainly focuses for the business purpose. “A mission statement aims to provide employees and stakeholders with clarity about the overriding purpose of the organization. A mission statement should make the clear in long term purpose”. (Johnson, et al.2011 p.120)
Every business companies have its own mission statement. It plays an important role in the business organization to run their business in this competitive environment. Some mission statement is getting higher success in the market where some cannot. In an organization, it is important that the leader or manager needs to be clear about the mission statement of the organization where they can lead their employees in the correct path to make the friendly environment, motivation of the employees in the organization which helps to get success in the future The activities in the business are mostly affected by the mission statement. The company needs to think
The Mission Statement is a vital component in the strategic planning of a business organization. Creating a mission is one of the first actions an organization should take. This can be a building block for an overall strategy and development of more specific functional strategies (Abrahams, 1995). By defining a mission an organization is making a statement of organizational purpose.
It is meant to state in the clearest way possible what everyone job is when serving the clientele. It keeps the employee on tract and motivated to do their job as best as possible. This is important when an ethical issue arises. The mission statement will help guide a person to making an ethical decision based on the organizations goals and philosophies.
The mission defines the organization’s purpose, values, and core goals, providing the framework for all other plans. It is simple, vivid and compelling so that the employees from the janitor to the CEO, from the customers to investors can easily understand.
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.
The mission statement is often publically stated and used by almost every organization today. It helps provide basic guidelines, essentially the core values of a company, and what they aim for. A mission statement gives customers
But some models are different, such as centralized and decentralized. In the centralized hierarchy of organizations, the decisions or personnel actions, planning, formulation of policies and procedures, adjudication of conflicts and other significant issues are made from the top. In decentralized organizations, the decision on these major issues is routinely made throughout the organization. Whether an organization is centralized or decentralized mostly depends on the type of agency and the beliefs of the top managers. This decision depends on the expertise of all the managers and the staff personnel. 5 Mission statements, if properly understood and accepted by organized personnel, is the framework by which an organization will operate. A mission statement can be defined as a statement or description of an organization’s common purpose and continuing purpose for existing responsibility of it’s client or constituents, at least by implicating it’s ideology, values and operation’s principals. An example of a mission statement by a business may be: (1) Quality comes first (2) Customers are the focus of everything we do. (3) Continuous improvement is essential to everything we do. (4) Employee involvement is our way of life. (5) Dealers and suppliers are our partners. (6) Integrity is never compromised. An example of a criminal justice organization may be: “ The mission of the department is to safely incarcerate convicted felons; to keep inmates secure, safe from physical
An organizations existence is based on its mission statement. The mission statement of an organization identifies the people who it serves and states the standards of practice, ethics, and principles for which it believes in. An organization’s vision statement looks into the future and states goals the organization wishes to accomplish (Marquis & Huston, 2012). The mission and vision statement are important for driving the climate and culture of the organization.
This defines what a company will do to achieve its vision. It may include the company’s functions, goals and philosophies
The mission statement is a written document that an organization declares its core purpose. The mission statements defines the essence of the organizations needs and their core purpose of their existence. It describes the role that they play in the community and portrays the club’s image, charisma, and individuality. If the mission statement is written correctly it can provide an explanation to internal and external individuals on what the organization stands for. Some of the components that are key to the mission statement are members, product and service, market, technology and philosophy are just a few that should be in the mission statement. Without and effective mission statement to inspire your employees and members on why you exist it won’t mean anything to them. Here is an example of a mission statement from Kohl’s
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.
To begin with, Chapter two covers three important aspects of the business world which are competitiveness, strategy, and also productivity. These particular aspects are very important for any company to succeed in the world of business. With that being stated, any type of firm such as a manufacturer or a service provider, they must employ these three aspects because they play an important role in growing revenues. For an organization to even be considered successful, they must have a competitive advantage which leads to a strategy that will meet the company’s goals, while having the knowledge-ability to help produce the goods and services in a cost effective manner. Also, it is known that most organizations have a single state called the Mission Statement. The mission statement basically summarizes these three aspects of a company. One question that the Mission Statement should address is, “What level of business are we in?” This mission statement is categorized as the absolute basis for the organizational goals.
A mission statement is a “formal summary of the aims and values of a company, organization or individual.” (Oxford) Mission statements are important in business because it can be used to determine a company's short and long-term goals. Intelligent business owners use mission statements to remind its employees why the company exists and how the company will be or continue to be successful. Dunkin Donuts’ mission and vision statement is simple. It is “to deliver high quality food and beverages quickly, affordably and conveniently in a welcoming environment.” Dunkin Donuts being a fast food chain, has been relied on by its customers to provide coffee and breakfast at a fast pace. This is how each individual Dunkin Donuts gains and keeps customers. When the staff are all on the same page, the business runs smoothly, and customers remain happy, resulting in repeat customers. Word travels fast and so does the coffee, with that in mind. Keeping customers happy and meeting their needs will keep this business striving.
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).
On the other hand, mission statement is the reason why a company exists and it’s a statement that declares the core purpose of a company. Mission statement usually will remain the same over time (Bratianu, 2007). The mission is different from a vision as it aims to create competitive advantage and also achieve the social goal of a company (Bratianu, 2007).
The mission of a company is considered to be its purpose. Basically, it should include what you will provide, who you will serve and also highlight your key attributes that should distinguish your organization from your competitors. There are no specific rules to develop a mission statement, what really matters is that should be a reflection and a helpful synopsis of the organization as well as it should speak to your stakeholders. Some characteristics that makes a mission statement successful is when it is succinct and can be printed in the back of a business card, when it is memorable and unique. Lastly it ought to be realistic and current, for instance, the mission should be a description of the present and not the future as well as it can not change constantly, in this case, when the firm changes its priorities, it is necessary to think if the new directions will affect its mission.