Principles of Management
Principles of Management
OER 2019 Edition
ISBN: 9780998625768
Author: OpenStax
Publisher: OpenStax College
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Chapter 9.2, Problem 1CC

What does a mission statement explain about a firm that a vision statement does not?

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What is a mission statement, and how should a firm define its business mission? Give examples to illustrate a good and bad mission statement.
Mission statements guide an organization’s decisions and strategic plans. Locate an organization’s mission statement. Evaluate the effectiveness of the organization’s mission statement. What changes would you propose the organization make to the mission statement?
Can an organization maintain its original mission and vision statement(s), or these statements should be periodically updated?

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