Management Fundamentals/Mission Statement

Management Fundamentals/Mission Statement

How does your company's mission statement act as a guide for the company's internal efficiencies?

The mission statement of an organization serves as a pathway to success and achievement of formulated objectives. A company without existing mission statement can only attain short-term success as it will ultimately acknowledge failure in the long-run (Cochran, Fred, Gibson, 2008, 44-56). The mission statement of a company assists an organization to achieve its goals and objectives by choosing an optimal decision from a range of alternatives. Furthermore, the mission statement of the company highlights the key success factors and key competencies of ...