Explain if the mission and vision is aligned to the respective topics. Criticize or appreciate the Vision and Mission based on the lecture provided. Mission StatementA declaration of an organization's"reason for being."❖It answers the pivotal question "Whais our business?"❖It is essential for effectivelyestablishing objectives andformulating strategies.Mission Statement❖It reveals what an organization wants tobe and whom it wants to serveIt is also called a creed statement, astatement of purpose, a statement ofphilosophy, a statement of beliefs, and astatement of business principles The vision statement should be short,preferably one sentence, and as manymanagers as possible should have inputinto developing the statement.The vision statement should reveal thetype of business the firm engages.

Introduction: A mission statement is a concise, precise, and comprehensive statement of an…

Answered: Explain if the mission and vision is…

Explain if the mission and vision is aligned to the respective topics. Criticize or appreciate the Vision and Mission based on the lecture provided.

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Explain if the mission and vision is aligned to the respective topics. Criticize or appreciate the Vision and Mission based on the lecture provided.

The vision statement should be short,
preferably one sentence, and as many
managers as possible should have input
into developing the statement.
The vision statement should reveal the
type of business the firm engages.

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