Mission Statement

Description

A level Business Studies (Objectives and Strategy) Mind Map on Mission Statement, created by Josie Troop on 31/05/2022.
Josie Troop
Mind Map by Josie Troop, updated more than 1 year ago
Josie Troop
Created by Josie Troop about 2 years ago
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Resource summary

Mission Statement
  1. clear sense of purpose of the business
    1. doesn't concern goals, strategies
      1. gives rough idea to customers, investors, employees, society etc
        1. marketing technique
          1. reason for existence
            1. vision for future
              1. excites, inspires, motivates, guides
                1. easy to understand/remember
                  1. differentiates from competitors
                    1. for all stakeholders
                      1. IKEA: our vision is to create a better everyday life for the many people
                        1. criticisms such as disconnect between statement and how business actually behaves, often states the obvious
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