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7. Describe how a mission statement and strategy assist in the success of a business.

7. Describe how a mission statement and strategy assist in the success of a business.

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Answer #1

Mission statement is the statement that tells the purpose or mission of the company. Strategy defines as the action or policy designed to achieve goals or aim in the future. Both play a very important role in the success of the organization. Mission statement provide the judging to the success of the organization. Mission statement tells the company that business is in right track or not and help in to make the decision for the future. Whereas, Strategy help the business to make the action plan. This will help the business to improve relation with the customer as well as attract more and more customers. Adopting the right strategy is very important for the business. Right strategy help to make the detail plan to achieve goals and get success.

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