";s:4:"text";s:3310:"Strategic Planning Framework: The Importance of Mission The following is an excerpt of a blog post reprinted with permission from AchieveIt . A mission statement is not only important for your customers — it is equally meaningful to your employees too. It is of the utmost importance to keep your strategic planning framework strong and in place. Your personal mission statement should guide your daily decisions and choices. These statements serve a … It takes a lot of effort to create, communicate and integrate Vision and Mission statements into an organisation, but when done right, there are subtle and powerful benefits. It was in the early 1980s that academics, managers, and consultants recognised the need for explicitly formulating a mission statement in organisations. Why is a mission statement important to the university, to the Division of Student Affairs, and to the students? It should stay with you through every decision.
A mission statement is one of the simplest and most basic necessities of a business, yet it is frequently overlooked by small business owners and entrepreneurs. A mission and vision are standard and critical elements of a company's organizational strategy. It is the guiding principle that drives the processes of goal and action plan formulation , “a pervasive, although general, expression of the philosophical objectives of the enterprise.” You can think of a mission statement as a combination of what your business or nonprofit does and how and why it does it, expressed in a way that encapsulates the values that are important to you. It can be a challenge to clearly and concisely bring these ideas together, though. Mission statements are a way to direct a business in the right direction, and they play a part in helping a business make sound decisions which can be beneficial to the revenue stream.
The benefits of a mission statement are more than enough reason for employers to take the time to develop one, as it … After all, a mission defines and upholds what you stand for as a company. How to Create a Mission Statement Your company mission statement should be short, explain its purpose in a manner that inspires support, facilitate ongoing commitment, and set the tone of the organization. Hence, it is quite vital for the firms to understand the Importance of Mission Statement. The mission statement provides the way forward for the vision of the firm and it is formulated and curated as per the vision statement. The vision statement is the basis for everything else they do.