Four components of good mission statement

Assignment Help Operation Management

Reference no: EM132167678

I need to create the beginning outline for a business plan by writing my own MISSION STATEMENT.

Also, I need to take into account the “four components of a good mission statement” which include:

1. The role or contribution that the business makes - is it a voluntary organization or a charity? Are you in business to supply goods and services and make a profit?

2. A definition of the business - this should be given in terms of the benefits you provide or the needs that you satisfy. It should not define what you do or what you make. These should have been outlined as part of the first component.

3. An outline of your distinctive competencies - the factors that differentiate your business from the competition. These will be the skills or capabilities you offer that are not, or cannot be, offered by your competitors.

4. The indications for the future - what the business will do. What it might do in the future and what it will never do.

Reference no: EM132167678

Questions Cloud

Discuss the characteristics which distinguishes : Discuss the characteristics which distinguishes entrepreneurs from ordinary business men?

Organizing-influencing and controlling activities : Explain how that change affects your organizing, influencing, and controlling activities.

What are various steps in international negotiation : What are various steps in international negotiation? Pick up three and explain why they are important.

Develop family plan of care from the perspective of orlando : Ann, a community nurse, made an afternoon home visit with Susan and her father. After the death of her mother, Susan had growing concerns about her father.

Four components of good mission statement : “four components of a good mission statement” The role or contribution that business makes-is it voluntary organization or charity?

What role interpreters can play in the international : What role interpreters can play in the international negotiations? What skills are necessary in international negotiation and how one prepares for it?

Why international negotiation is more complex : Why communication skills are crucial in the arena of international business? What are different types of international negotiations?

Why these three tips are important for new entrepreneurs : Write a 1,050-word blog using the Marketing Blog template as a guide that discusses three main marketing tips for business start-ups.

Define identification of two empirical referents : This discussion provides an opportunity to start this assignment. Select a nursing concept, supported by a nursing theory, and address the following components.

User Account

All Pages