What is the Importance of a Mission Statement?

Mission Statement

A mission statement is extremely important for a company since it outlines the core operations, services, offerings, products, and customer base, as well as the primary goal.

It explains in detail what the business does, why, and how it does it.

For strategic direction, it is critical for a business to have a vision, mission, and values.

It assists the employee in understanding the organization’s purpose and basic values. It is an important aspect of a company’s strategy since it assists in setting priorities, allocating resources, and ensuring that everyone is working toward the same goals and objectives, therefore giving a roadmap for the future.

A lot of a company’s success is determined by its mission statements.

A mission statement describes the organization’s goals and gives employees a stronger sense of purpose.

This encourages them to put in more effort in order to succeed.

It aids in the right alignment of an organization’s resources in order to achieve a prosperous future.

The mission statement serves as a proper and concise direction for the business in making important decisions.

The mission statement serves as an anchor for bringing everyone in the organization together and helping to ensure that everyone is striving toward the same goal. This improves the organization’s productivity and performance.

Here are a few of the top mission statements for you to look over and get inspiration from:

Apple: “To bring the best personal computing products and support to students, educators, designers, scientists, engineers, businesspersons, and consumers in over 140 countries around the world.”

Tesla: “To accelerate the world’s transition to sustainable energy.”

TED: “Spread ideas.”

Nike: “Bring inspiration innovation to every athlete in the world.”

Linkedin: “To connect the world’s professionals to make them more productive and successful.”

American Express: “We work hard every day to make American Express the world’s most respected service brand.”

Paypal: “To build the web’s most convenient, secure, cost-effective payment solution.”

Facebook: “To give people the power to share and make the world more open and connected.”

BBC: “To enrich people’s lives with programs and services that inform, educate and entertain.”

Sony: “To be a company that inspires and fulfills your curiosity.”

Microsoft: “To enable people and businesses throughout the world to realize their full potential.”

Google: “ To organize the world’s information and make it universally accessible and useful.”

Walmart: “We save people money so they can live better.”

 

Read more on Crenov8:

How to Build a Business Continuity Plan and Implement It

Organizational development strategies for the long term

Implementing and sustaining long-term organizational change


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