Mission statement

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Transcript of Mission statement

Page 1: Mission statement
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Mission Statements

Recent Data indicate that:

– 90% of all companies have used a mission

statement sometime in the previous five

years.

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Mission Statements

Mission statement answers the question:

“What is our business?”

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Mission Statements

Mission Statement:

– Enduring statement of purpose

– Distinguishes one organization from

another in similar enterprises

– Declaration of an organization’s “reason for

being”

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Mission Statements

Mission Statements also referred to as:

– Creed statement

– Statement of purpose

– Statement of philosophy

– Statement of business principles

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Mission Statements

Mission Statements

– Reveal what an organization wants to be

and whom it wants to serve

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Mission Statements

Mission Statements

– Essential for effectively establishing

objectives and formulating strategies

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Vision and Mission

• Many organizations develop both vision

and mission statements

• Profit and vision are necessary to

effectively motivate a workforce

• Shared vision creates a commonality of

interests

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Developing Vision & Mission

• Clear mission is needed before

alternative strategies can be formulated

and implemented

• Important to have as broad range of

participation as possible among

managers in developing the mission

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Mission Statements

Mission Statement

“The Bellevue Hospital, with respect,

compassion, integrity, and courage, honors

the individuality and confidentiality of our

patients, employees, and community, and is

progressive in anticipating and providing

future health care services.”

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The Mission of USGS is to serve the Nation by providing reliable scientific information to

• Describe and understand the Earth;

• Minimize loss of life and property from natural disasters;

• Manage water, biological, energy, and mineral resources; and enhance and protect our quality of life.

Mission Statements

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“It is the California Energy Commission’s

mission to assess, advocate, and act

through improve energy systems that

promote a strong economy and a healthy

environment.”

Mission Statements

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Importance of Mission

• Unanimity of purpose within the organization

• Basis for allocating resources

• Establish organizational climate

• Focal point for direction

• Translate objectives into work structure

• Cost, time and performance parameters assessed and controlled

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Mission Characteristics

Effective mission statements:

• Broad in scope

• Generate range of feasible strategic alternatives

• Not excessively specific

• Reconcile interests among diverse stakeholders

• Finely balanced between specificity & generality

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Effective mission statements:

• Arouse positive feelings and emotions

• Motivate readers to action

• Generate the impression that firm is

successful, has direction, and is worthy of

time, support, and investment

Mission Characteristics

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Effective mission statements:

• Reflect judgments re: future growth

• Provide criteria for selecting strategies

• Basis for generating & screening strategic

options

• Are dynamic in orientation

Mission Characteristics

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Customer Orientation

According to Vern McGinnis, mission should:

• Define what the organization is

• Define what the organization aspires to be

• Limited to exclude some ventures

• Broad enough to allow for creative growth

• Distinguish the firm from all others

• Serve as framework to evaluate current activities

• Stated clearly so that it is understood by all

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A good mission statement reflects the

anticipations of customers.

• Identify customer needs

• Provide product/service to satisfy needs AT&T’s mission focuses on communications, not

telephones

Exxon’s mission focuses on energy, not on oil

and gas

Customer Orientation

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1. Customers

2. Products or services

3. Markets

4. Technology

5. Survival, growth, and profitability

6. Philosophy

7. Self-concept

8. Concern for public image

9. Concern for employees

Mission Components