A Mission Statement Encompasses the Purpose of the Company as Well

question 18

Essay

A mission statement encompasses the purpose of the company as well as the basis of competition and competitive advantage.Compare the purpose of a mission statement to that of a vision statement and a strategic objective.

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Definitions:

Controlling

Function of evaluating an organization’s performance against its objectives.

Organizational Objectives

Organizational objectives are specific, measurable goals that an organization aims to achieve to fulfill its mission and drive success.

Motivating

The process of stimulating someone's interest or enthusiasm for doing something.

Directing

Guiding and motivating employees to accomplish organizational objectives.