Structure of a mission statement
The following
elements can be included in a mission statement. Their sequence can be
different. It is important, however, that some elements supporting the
accomplishment of the mission be present and not just the mission as a
"wish" or dream.,
Purpose and values of the organization (products or
services, market) or who are the organization's primary
"clients" (stakeholders)
What are the responsibilities...
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Thursday, 27 October 2016
Understanding Vision Statement with 10 Examples
If you were to take a
photo of your future business now, what would it look like? What do you want
your business to be recognized for one day? You need to have a crystal clear
vision when you start out, otherwise you can get easily lost in deciding the
best way forward. When you are making strategic decisions for your business and
even daily operation decisions, your vision statement will give you the
inspiration and targeted direction you need.
If you...
Wednesday, 26 October 2016
Are You A Manager Or A Leader?
Remember childhood? Anything was possible. We all dreamed of
being a firefighter, a ballerina, a future president or something grand. We
grabbed the hose, twirled in our tutus, or stood on the highest step shouting
to the imaginary masses. Whatever the dream, whatever the vision, we all had
one thing in common: in those moments, we were leaders. We wanted to take
anyone...
What Do Clear Vision & Mission Statements Contribute to the Strategic Management Process?
Managers must define and
communicate a clear strategy if the company is to be successful. Vision and
mission statements summarize a company's business strategy in a form that can
be communicated and understood easily by stakeholders.
Ø
Vision
Statement :
A vision
statement sets out a company's long-term goals and aspirations clearly...
The Advantages of Having a Mission Statement
Starting a new business is an inherently risky venture but business owners can increase the chances of success through diligent planning. A common task undertaken by new business owners is creating a business plan – essentially a road map describing what a business does, how it does it and how it will achieve profitability. A mission statement is a short summary of a business's purpose, which is a key element of a business plan.
Mission Statement Basics :
...
Saturday, 22 October 2016
Key Terms in Strategic Management
There are some of basic strategic
management key terms that need to be considered at the beginning in order to
completely understand strategic management. These strategic management key
terms are eight in numbers and are the base of strategic management.
...
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