A mission statement is to be framed for a local business and the way in which this clear mission statement will help a small business. Introduction: A clear mission statement will help the organization to go a long way as a mission statement will state all the aims and values of the company. In short, this will help one to get to know the business better and work accordingly and be focused on the main aim without getting confused.

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Answer 1

Question

Chapter 5, Problem 1DQ

Summary Introduction

To determine:

A mission statement is to be framed for a local business and the way in which this clear mission statement will help a small business.

Introduction:

A clear mission statement will help the organization to go a long way as a mission statement will state all the aims and values of the company. In short, this will help one to get to know the business better and work accordingly and be focused on the main aim without getting confused.

Expert Solution & Answer

Explanation of Solution

A mission statement is a summarized description of the basic purpose of an organization and it answers to the questions such as what is the purpose of the business. A clear effective mission statement will describe the organization's present abilities, its activities, and its ability to motivate employees and providing an impetus for the organization to perform. A mission statement will be more appealing and clear if it has certain important elements such as: 1) describing what the company does in few words, 2) describe how the company produces its product or service and 3) including the aim or the purpose of the existence of the company.

A brief mission statement for a local bakery that sells all sorts of baked goods will be "Klassy is a friendly company that is oriented to provide high quality snacks and sweets in welcoming sitting arrangements with soothing ambience. The purpose is to generate enough profits to pay back to the investors and to expand along with maintaining to produce variety of quality home-made food".

A small organization can be benefited in various ways by stating a clear mission statement. A clear mission statement helps to determine the company's direction.

1) A clear mission statement will provide the employees and the other working members as to why the company exists and it will give them a clear path to everyone working in the organization. It concentrates on the future of the organization.

2) The mission statement will define how the actions done today will assist to take the company to the position where it wants to be in the future.

3) Helps to make effective decisions. A clear mission statement will aid the higher authorities to delegate responsibilities accordingly and provide a framework of how the duties should be completed, which will keep the members on the right track.

4) People will be more open to change if the mission statement is clear. Usually, members in an organization will be resistant and insecure about change, but with a clear mission the members will know the need for the change and will adapt to it without much hesitance.

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Students have asked these similar questions

In 2022, GlobalTech, a multinational company, expanded its operations into a developing country with different cultural norms around labor practices. While GlobalTech's corporate ethics emphasised fair wages, safe working conditions, and environmental sustainability, local business practices often included lower wages, minimal safety protocols, and lax environmental regulations. The CEO, Jane Harris, who strongly believed in ethical universalism, faced pressure from the local management team to adapt to the region’s practices to reduce operational costs and gain competitive advantage. As the company compromised on wages and environmental standards, it sparked internal conflicts among employees, with some advocating for adherence to the company's global ethical policies while others argued for alignment with local practices under the guise of ethical relativism. Soon after, news broke out about poor working conditions and environmental violations, leading to public outrage, protests,…

-Provides a clear definition of personal and corporate ethical values and their relevance to business decision-making.- Discusses how Jane Harris's belief in ethical universalism influences her decision- making. Examples from the scenario are well integrated. - Explains the role of corporate ethics at GlobalTech, particularly around sustainability, fair wages, and safe workingconditions. Discusses how these values shape business policies and practices. - Summarises the influence of personal and corporate values on decision-making and how ethical conflicts may affect a multinational business like GlobalTech. - The discussion is logically structured, with clear argumentation and a coherent flow of ideas.

In 2022, GlobalTech, a multinational company, expanded its operations into a developing country with different cultural norms around labor practices. While GlobalTech's corporate ethics emphasised fair wages, safe working conditions, and environmental sustainability, local business practices often included lower wages, minimal safety protocols, and lax environmental regulations. The CEO, Jane Harris, who strongly believed in ethical universalism, faced pressure from the local management team to adapt to the region’s practices to reduce operational costs and gain competitive advantage. As the company compromised on wages and environmental standards, it sparked internal conflicts among employees, with some advocating for adherence to the company's global ethical policies while others argued for alignment with local practices under the guise of ethical relativism. Soon after, news broke out about poor working conditions and environmental violations, leading to public outrage, protests,…

Answer 2

Question

Chapter 5, Problem 1DQ

Summary Introduction

To determine:

A mission statement is to be framed for a local business and the way in which this clear mission statement will help a small business.

Introduction:

A clear mission statement will help the organization to go a long way as a mission statement will state all the aims and values of the company. In short, this will help one to get to know the business better and work accordingly and be focused on the main aim without getting confused.

Expert Solution & Answer

Explanation of Solution

A mission statement is a summarized description of the basic purpose of an organization and it answers to the questions such as what is the purpose of the business. A clear effective mission statement will describe the organization's present abilities, its activities, and its ability to motivate employees and providing an impetus for the organization to perform. A mission statement will be more appealing and clear if it has certain important elements such as: 1) describing what the company does in few words, 2) describe how the company produces its product or service and 3) including the aim or the purpose of the existence of the company.

A brief mission statement for a local bakery that sells all sorts of baked goods will be "Klassy is a friendly company that is oriented to provide high quality snacks and sweets in welcoming sitting arrangements with soothing ambience. The purpose is to generate enough profits to pay back to the investors and to expand along with maintaining to produce variety of quality home-made food".

A small organization can be benefited in various ways by stating a clear mission statement. A clear mission statement helps to determine the company's direction.

1) A clear mission statement will provide the employees and the other working members as to why the company exists and it will give them a clear path to everyone working in the organization. It concentrates on the future of the organization.

2) The mission statement will define how the actions done today will assist to take the company to the position where it wants to be in the future.

3) Helps to make effective decisions. A clear mission statement will aid the higher authorities to delegate responsibilities accordingly and provide a framework of how the duties should be completed, which will keep the members on the right track.

4) People will be more open to change if the mission statement is clear. Usually, members in an organization will be resistant and insecure about change, but with a clear mission the members will know the need for the change and will adapt to it without much hesitance.

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Answer 3

Question

Chapter 5, Problem 1DQ

Summary Introduction

To determine:

A mission statement is to be framed for a local business and the way in which this clear mission statement will help a small business.

Introduction:

A clear mission statement will help the organization to go a long way as a mission statement will state all the aims and values of the company. In short, this will help one to get to know the business better and work accordingly and be focused on the main aim without getting confused.

Expert Solution & Answer

Explanation of Solution

A mission statement is a summarized description of the basic purpose of an organization and it answers to the questions such as what is the purpose of the business. A clear effective mission statement will describe the organization's present abilities, its activities, and its ability to motivate employees and providing an impetus for the organization to perform. A mission statement will be more appealing and clear if it has certain important elements such as: 1) describing what the company does in few words, 2) describe how the company produces its product or service and 3) including the aim or the purpose of the existence of the company.

A brief mission statement for a local bakery that sells all sorts of baked goods will be "Klassy is a friendly company that is oriented to provide high quality snacks and sweets in welcoming sitting arrangements with soothing ambience. The purpose is to generate enough profits to pay back to the investors and to expand along with maintaining to produce variety of quality home-made food".

A small organization can be benefited in various ways by stating a clear mission statement. A clear mission statement helps to determine the company's direction.

1) A clear mission statement will provide the employees and the other working members as to why the company exists and it will give them a clear path to everyone working in the organization. It concentrates on the future of the organization.

2) The mission statement will define how the actions done today will assist to take the company to the position where it wants to be in the future.

3) Helps to make effective decisions. A clear mission statement will aid the higher authorities to delegate responsibilities accordingly and provide a framework of how the duties should be completed, which will keep the members on the right track.

4) People will be more open to change if the mission statement is clear. Usually, members in an organization will be resistant and insecure about change, but with a clear mission the members will know the need for the change and will adapt to it without much hesitance.

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Answer 4

Question

Chapter 5, Problem 1DQ

Summary Introduction

To determine:

A mission statement is to be framed for a local business and the way in which this clear mission statement will help a small business.

Introduction:

A clear mission statement will help the organization to go a long way as a mission statement will state all the aims and values of the company. In short, this will help one to get to know the business better and work accordingly and be focused on the main aim without getting confused.

Expert Solution & Answer

Explanation of Solution

A mission statement is a summarized description of the basic purpose of an organization and it answers to the questions such as what is the purpose of the business. A clear effective mission statement will describe the organization's present abilities, its activities, and its ability to motivate employees and providing an impetus for the organization to perform. A mission statement will be more appealing and clear if it has certain important elements such as: 1) describing what the company does in few words, 2) describe how the company produces its product or service and 3) including the aim or the purpose of the existence of the company.

A brief mission statement for a local bakery that sells all sorts of baked goods will be "Klassy is a friendly company that is oriented to provide high quality snacks and sweets in welcoming sitting arrangements with soothing ambience. The purpose is to generate enough profits to pay back to the investors and to expand along with maintaining to produce variety of quality home-made food".

A small organization can be benefited in various ways by stating a clear mission statement. A clear mission statement helps to determine the company's direction.

1) A clear mission statement will provide the employees and the other working members as to why the company exists and it will give them a clear path to everyone working in the organization. It concentrates on the future of the organization.

2) The mission statement will define how the actions done today will assist to take the company to the position where it wants to be in the future.

3) Helps to make effective decisions. A clear mission statement will aid the higher authorities to delegate responsibilities accordingly and provide a framework of how the duties should be completed, which will keep the members on the right track.

4) People will be more open to change if the mission statement is clear. Usually, members in an organization will be resistant and insecure about change, but with a clear mission the members will know the need for the change and will adapt to it without much hesitance.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 5, Problem 1DQ

Summary Introduction

To determine:

A mission statement is to be framed for a local business and the way in which this clear mission statement will help a small business.

Introduction:

A clear mission statement will help the organization to go a long way as a mission statement will state all the aims and values of the company. In short, this will help one to get to know the business better and work accordingly and be focused on the main aim without getting confused.

Expert Solution & Answer

Explanation of Solution

A mission statement is a summarized description of the basic purpose of an organization and it answers to the questions such as what is the purpose of the business. A clear effective mission statement will describe the organization's present abilities, its activities, and its ability to motivate employees and providing an impetus for the organization to perform. A mission statement will be more appealing and clear if it has certain important elements such as: 1) describing what the company does in few words, 2) describe how the company produces its product or service and 3) including the aim or the purpose of the existence of the company.

A brief mission statement for a local bakery that sells all sorts of baked goods will be "Klassy is a friendly company that is oriented to provide high quality snacks and sweets in welcoming sitting arrangements with soothing ambience. The purpose is to generate enough profits to pay back to the investors and to expand along with maintaining to produce variety of quality home-made food".

A small organization can be benefited in various ways by stating a clear mission statement. A clear mission statement helps to determine the company's direction.

1) A clear mission statement will provide the employees and the other working members as to why the company exists and it will give them a clear path to everyone working in the organization. It concentrates on the future of the organization.

2) The mission statement will define how the actions done today will assist to take the company to the position where it wants to be in the future.

3) Helps to make effective decisions. A clear mission statement will aid the higher authorities to delegate responsibilities accordingly and provide a framework of how the duties should be completed, which will keep the members on the right track.

4) People will be more open to change if the mission statement is clear. Usually, members in an organization will be resistant and insecure about change, but with a clear mission the members will know the need for the change and will adapt to it without much hesitance.

Answer 6

Chapter 5, Problem 1DQ

Summary Introduction

To determine:

A mission statement is to be framed for a local business and the way in which this clear mission statement will help a small business.

Introduction:

A clear mission statement will help the organization to go a long way as a mission statement will state all the aims and values of the company. In short, this will help one to get to know the business better and work accordingly and be focused on the main aim without getting confused.

Expert Solution & Answer

Explanation of Solution

A mission statement is a summarized description of the basic purpose of an organization and it answers to the questions such as what is the purpose of the business. A clear effective mission statement will describe the organization's present abilities, its activities, and its ability to motivate employees and providing an impetus for the organization to perform. A mission statement will be more appealing and clear if it has certain important elements such as: 1) describing what the company does in few words, 2) describe how the company produces its product or service and 3) including the aim or the purpose of the existence of the company.

A brief mission statement for a local bakery that sells all sorts of baked goods will be "Klassy is a friendly company that is oriented to provide high quality snacks and sweets in welcoming sitting arrangements with soothing ambience. The purpose is to generate enough profits to pay back to the investors and to expand along with maintaining to produce variety of quality home-made food".

A small organization can be benefited in various ways by stating a clear mission statement. A clear mission statement helps to determine the company's direction.

1) A clear mission statement will provide the employees and the other working members as to why the company exists and it will give them a clear path to everyone working in the organization. It concentrates on the future of the organization.

2) The mission statement will define how the actions done today will assist to take the company to the position where it wants to be in the future.

3) Helps to make effective decisions. A clear mission statement will aid the higher authorities to delegate responsibilities accordingly and provide a framework of how the duties should be completed, which will keep the members on the right track.

4) People will be more open to change if the mission statement is clear. Usually, members in an organization will be resistant and insecure about change, but with a clear mission the members will know the need for the change and will adapt to it without much hesitance.

Answer 7

Chapter 5, Problem 1DQ

Summary Introduction

To determine:

A mission statement is to be framed for a local business and the way in which this clear mission statement will help a small business.

Introduction:

A clear mission statement will help the organization to go a long way as a mission statement will state all the aims and values of the company. In short, this will help one to get to know the business better and work accordingly and be focused on the main aim without getting confused.

Answer 8

Expert Solution & Answer

Explanation of Solution

A mission statement is a summarized description of the basic purpose of an organization and it answers to the questions such as what is the purpose of the business. A clear effective mission statement will describe the organization's present abilities, its activities, and its ability to motivate employees and providing an impetus for the organization to perform. A mission statement will be more appealing and clear if it has certain important elements such as: 1) describing what the company does in few words, 2) describe how the company produces its product or service and 3) including the aim or the purpose of the existence of the company.

A brief mission statement for a local bakery that sells all sorts of baked goods will be "Klassy is a friendly company that is oriented to provide high quality snacks and sweets in welcoming sitting arrangements with soothing ambience. The purpose is to generate enough profits to pay back to the investors and to expand along with maintaining to produce variety of quality home-made food".

A small organization can be benefited in various ways by stating a clear mission statement. A clear mission statement helps to determine the company's direction.

1) A clear mission statement will provide the employees and the other working members as to why the company exists and it will give them a clear path to everyone working in the organization. It concentrates on the future of the organization.

2) The mission statement will define how the actions done today will assist to take the company to the position where it wants to be in the future.

3) Helps to make effective decisions. A clear mission statement will aid the higher authorities to delegate responsibilities accordingly and provide a framework of how the duties should be completed, which will keep the members on the right track.

4) People will be more open to change if the mission statement is clear. Usually, members in an organization will be resistant and insecure about change, but with a clear mission the members will know the need for the change and will adapt to it without much hesitance.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Ch. 5 - Prob. 1DQ Ch. 5 - Prob. 2DQ Ch. 5 - Prob. 3DQ Ch. 5 - Assume that Southern University decides to do two...Ch. 5 - Prob. 5DQ Ch. 5 - Prob. 6DQ Ch. 5 - Prob. 7DQ Ch. 5 - Prob. 8DQ Ch. 5 - Prob. 9DQ Ch. 5 - Prob. 10DQ

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