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"A mission statement includes, as a minimum, a target population, and a statement of the agency's vision for what ideally might be achieved in collaboration between the agency and the target population. A good, clear mission is usually limited to just a few sentences." (Kettner,2016)
If you were the Director of a human service organization and are working with your Board of Directors to review your organization's Mission Statement to see if it needs updating. It is urgent that you do this because you have just heard about new grant funding for not-for-profits to start a program to help men and women leaving incarceration and returning to the community. These are not services that you offer now but are loosely related to your jobs training program for school dropouts. Since the mission statement must be approved by the Board of Directors before any changes:
write a few sentences about your presentation to the Board, including your rationale and your recommendation;
Write a Mission Statement for your current services and then another if the Board recommends changes in the Mission Statement. Remember a Mission Statement provides direction to the organization and is closely linked to the reasons the organization is in existence and is only a few sentences long.
Price Inelastic
Describes a situation where the quantity demanded or supplied of a good or service changes minimally in response to price changes.
Elasticity
A measure of the responsiveness of the quantity demanded or supplied of a good to a change in its price, income level, or other factors.
Elasticity of Supply
Elasticity of supply measures the responsiveness of the quantity supplied of a good or service to a change in its price.
Shifting Resources
The reallocation of resources from one use to another, often in response to changing economic conditions or priorities.
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