What does Welch mean by, \"Effective missions statement balance the possible and
ID: 420280 • Letter: W
Question
What does Welch mean by, "Effective missions statement balance the possible and the impossible." Do you agree with his explanation of what a mission statement should and shouldn't be? Do you agree that mission statements should be created by top management and values should be created by everyone in the company? If so, why is this so important? If you disagree, explain. What does Welch mean by, "Effective missions statement balance the possible and the impossible." Do you agree with his explanation of what a mission statement should and shouldn't be? Do you agree that mission statements should be created by top management and values should be created by everyone in the company? If so, why is this so important? If you disagree, explain.Explanation / Answer
Mission statement can be defined as the main reason for which the specific business is present in the market. It reflects the ideology of the business as well as operating structure in which the business is focusing on its long-term goals.
9 elements of mission statement are as follows
Function
This is the primary mission statement element which defines the basic function of the business according to the industry it is operating in. It gives an overview of the specific motive of the functionality of the organisation.
Targeted customers
Mission statement directly ears are out there motive of dealing with the customers as well as having a clear vision for the customer type they are dealing to.
Targeted region
A mission statement has the information about the targeted region of the specific company. This specific information is essential and mission statement to relay the best available information for limiting the target region for a community or for an entire country.
Values
Mission statement can also be considered as an statement of values for an organisation. It defines the relativity with the environment and also offers better understanding of the cultural ethics as well as values of the organisation.
Technology
Mission statement also offers information about the technology being implemented into the organisation. What technical expect does the specific organisation is enter in the market is directly determined on the.
Strategic Positioning
Clear financial as well as operational instructions are pointed out in mission statement and a strategic positioning of the company is also determined.
Financial objectives
Requirements of the business as well as a clear financial objectives for a specific amount of time is also rejected into the mission statement. It also shows specific financial objectives to the potential investors as well as to the public for which they are going to the organisation.
Employees
Mission statement also provide information about the employees. It also describes employee policy in brief so that the specifically employees know their position inside the organisation.
Image
Mission statement also offers and information about the overall image of the organisation. It is built as per the image that an organisation wants to portray to the public or to the investors.
Definitely mission statements should be created by the top authority as they are the only drivers and starting individuals of the company who know how to drive the company and to take the company to its Desire goal and original ideation.
Mission statement should be designed by the top authourity and the values of that specific mission statement should be changing according to the available employees and the company members. This would definitely increase overall compatibility level of the employees as well as guide the company in a positive way which would benefit the company by having positive approach towards creating a better mission statement.
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.