Question

Explain the purpose of a mission statement, a vision statement, values statements, and objectives.

Answer 1

Mission Statement and objective statement .provides a measurable, quantifiable statement about the purpose of the company. I focuses on how and what it intends to do for its stakeholders like customers society and government. It focuses on what product is serviced to which customer in what location.

Vision statement helps how the company wants to complete its purpose. It provides the path on which the employees and management and attain their purpose. These statements are brief.

Value statement focuses on core beliefs of the company and conveys it to the employees so that they carry out their task ethically. It creates focus among the employees and motivates them to achieve their goals.

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