Evaluating Mission Statements
[WLOs: 3, 4] [CLOs: 2, 5]
Prior to beginning this assignment, read Chapter 2 of the course text and review the Mission Statements webpage.
The Week 1 written assignment is Section 1 of the Capstone Paper for the course. The full description and instructions for the Capstone Paper can be found in the Week 5 – Final Paper page of the course.
Below is a list of five large and significant organizations. Research each organization and select one as the topic for the final paper:
Kohl’s – Retail
Twitter – Social Media
Disney – Entertainment
GE – Industry
Southwest Airlines – Transportation
Each organization is unique and has important strategic challenges. Once you select an organization, begin a detailed search to identify the history, industry, mission and vision, values and purpose, the leadership within, and potential competition.
Also, research and select a news item (within the last 12 to 24 months) that is affecting the company and posing a challenge to the strategy of the company. Challenges come in many different forms and could be positive or negative. You may discover leadership issues, legal or legislative issues, environmental challenges, human resource concerns, product design and research challenges, growth challenges, or possibly financial issues. Keep in mind that the identified challenge will be the core of the strategic review and recommendations developed throughout the paper.
Once your research is complete, prepare Section 1 of the paper. Section 1 must have at a minimum three full pages of content (excluding the cover and reference pages). You must include at a minimum three resources in addition to the course text that provide qualified information related to the organization. Wikipedia is not a qualified resource. Use the Scholarly, Peer-Reviewed, and Other Credible Sources document for additional guidance. Include the text as a scholarly resource to support theory and concepts related to strategy. During the construction of Section 1, be specific and refrain from making assumptions.
To complete this assignment, you must address the following:
Select an organization.
Identify the history, the industry, the mission and vision, the values and purpose, the leadership within, and potential competition.
Research and select a news item that is affecting the company and posing a challenge to its strategy.
The Section 1 of the Capstone Paper
Must be at least three double-spaced pages in length (not including title and references pages) and formatted according to APA Style as outlined in the Writing Center’s APA Formatting for Microsoft Word.
Must include a separate title page with the following:
Title of paper
Student’s name
Course name and number
Instructor’s name
Date submitted
Must utilize academic voice. See the Academic Voice resource for additional guidance.
Must include an introduction and conclusion paragraph. Your introduction paragraph needs to end with a clear thesis statement that indicates the purpose of your paper. For assistance on writing Introductions & Conclusions as well as Writing a Thesis Statement, refer to the Writing Center resources.
Must use at least three scholarly, peer-reviewed credible sources in addition to the course text.
The Scholarly, Peer-Reviewed, and Other Credible Sources table offers additional guidance on appropriate source types. If you have questions about whether a specific source is appropriate for his assignment, please contact your instructor. Your instructor has the final say about the appropriateness of a specific source for a particular assignment.
Must document any information used from sources in APA Style as outlined in the Writing Center’s APA: Citing Within Your Paper guide.
Must include a separate references page that is formatted according to APA Style as outlined in the Writing Center. See the APA: Formatting Your References List resource in the Writing Center for specifications.
Mission Statements Article:
Free Trial
SERVICES
Strategic Plan Facilitation
Strategy Consulting
OKR Consulting
OKR & STRATEGY SOFTWARE
Align
Design
Execute
Report
Dashboards
Teams + Slack
CLIENTS
WHY US
Our Team
Manifesto
Contact Us
Strategic Planning Consultants
RESOURCES
Mission, Vision, Values
Mission Statements
19-minute read
Apr 03, 2021
Mission Statements
What is a Mission Statement?
Your mission clearly states why your organization exists. A company’s mission statement helps clearly articulate your core purpose. It is the summation of your organization’s core reason for being, answering the question, “Why are we here?” A mission needs to boldly state why you exist, and what impact you hope your organization has on the world. The best mission statements clearly express these things to your customers in a way that resonates and engages with them.
When developing your strategic plan, it is important to not overlook the foundation of your plan, including your mission statement. Every organization should have one! Crafting a mission statement may be challenging at first, but with the help of our guide, you’ll be well on your way to making your own great mission statement!
Free Canvas & Guide to Creating a Mission Statement
Whether you’re writing a new mission statement or revisiting your old one as part of a strategic planning process, we’ve created a canvas you can use to create a mission statement that inspires your team. Get started on creating your mission statement today, anddownload our guide for free!
Why Are Mission Statements Important in Strategic Planning?
A good mission statement is a foundational element in any strategic plan because it helps define your organization’s core purpose, serving as a vantage point from which to look down the road. Combined with your vision statement, it helps define why your organization exists and what you stand for.
Mission statements are sometimes confused and grouped with different kinds of foundational statements or forgotten about entirely. Some of the common planning elements that mission statements get mixed up with are vision statements and value statements.
All three are closely linked but serve entirely different functions and roles in your strategic framework. Below, we explain how the vision and values elements compare against a mission statement, and how they can all be used together to complement your mission statement for a strong foundation to your strategic plan.
Mission Statements Versus Vision Statements – The Differences
While a company’s future vision statement describes the organization’s future state, the mission directly relates to the vision by articulating the greater reason why that vision matters. A powerful mission keeps the organization on track and rallies around the direction the organization is headed. Learn how to write your mission statement here.
Mission Statement – Why You Exist
States why your organization exists and articulates your core purpose.
Written in the present tense.
Helps define the area where you play.
Vision Statement – Where You’re Going
States your organization’s bold vision for the future and why that is important.
Written in a future tense.
Helps create the roadmap for the future.
Pro Tip:
Language Matters. We always recommend mission statements be written in present tense using concrete language. Writing in present tense allows your mission to be easily deciphered from your vision statement, which is written in future tense. Solid language leaves little room for interpretation of what exactly your mission statement means.
How Your Vision and Mission Statement Informs & Creates Strategy
Mission and vision statements are really two sides of the same coin. Your mission statement tells them where you are and why you exist, while your vision statement describes your desired future state or aspirational impact.
These two elements combine to inform and create your strategy, which is your plan for how to overcome your current and potential future competitors. The mission and vision are essentially your corporate aspirations, and your strategy is your meticulous plan for achieving it. Because these two statements used in tandem define why you exist now and what you aspire to offer in the future, this can make it easier to pinpoint your unique value proposition within the market.
Get the Free Guide and Canvas to Build a Mission that Sticks
A vision statement also helps you outline the actions and steps you need to take to make your vision a reality. If you can anchor your plan to your mission and vision, you’ll never lose your direction, even if you must pivot your strategy periodically to respond to different market or environmental conditions and customer feedback.
Mission Statement Versus Core Values Statement
As we’ve stated earlier, a business’s mission statement is all about defining the company’s purpose and objectives. It’s a concise statement that outlines what the business is trying to achieve and how it aims to achieve it.
A value statement, on the other hand, is focused on the core values and beliefs that are central to the organization’s culture. While these statements may serve different purposes, they are not in opposition of one another. Ideally, mission and values statements should be created in tandem, as they complement each other quite well.
For example, an organization’s mission statement may be focused on growth and expansion, while its values might include ideals such as honesty and fairness. By combining these two statements, you get a clear picture of what the organization hopes to achieve and how it aims to do so, while also highlighting the values it holds dear.
Mission Statements – Why You Exist
States why your organization exists and articulates your core purpose.
Are usually written in the present tense.
Helps define the area where you play.
Values Statements – How You’ll Live Out Your Mission
Clarifies what your organization stands for, what it believes in, and how you expect your team to behave.
Are typically written in present tense.
Forms the non-negotiable principles that your organization will stand by.
How Your Mission and Value Statements Complement Each Other
Value statements are the guiding principles your organization has chosen to live by, which give direction to the company culture and behaviors. Core values help businesses remain true to their mission and purpose by providing a framework for decision-making and actions.
A mission statement provides a sense of direction, whereas values give employees a sense of pride and purpose in working to achieve that mission. So, while your mission statement helps to guide the direction of your company, your value statement creates the behaviors that keep you in line with your mission.
Together, these statements complement one another and form a solid foundation for any successful organization. The mission statement outlines the company’s primary objectives, while the core values ensure that the company is meeting its goals the right way. By aligning a organization’s mission statement with its core values, everyone involved in the company, from the management down to the customers, can easily understand its objectives and what it stands for.
Mistakes to Avoid When Drafting Your Mission Statement
Crafting the perfect mission statement can be challenging and potentially lead to pitfalls when not approached carefully. Here are some mistakes to avoid when creating a mission statement:
Being Too Vague or Generic
It’s important to make sure you’re writing a mission statement that is unique to your organization and sets you apart from your competitors. Avoid generic and bland statements like “highest standards” or “quality customer service delivered.” Instead, explain what those statements would mean in the context of your organization.
Pro Tip:
You may also want to avoid phrases that feel particularly jargon-y or industry specific. Your mission statement is meant to be public-facing, so ensure that your mission statement is understandable to the general public.
Focusing Solely on Profits
We get it. Of course, we all want to make money and ensure that our business or organization is successful and turning a profit. But is that really what your mission is? Your mission should, ideally, be impact driven. Think about the needs you identified that needed to be fulfilled that inspired you to start your organization in the first place. That’s what your mission statement should stem from.
Forgetting to Consider Stakeholder Input
Unless you’re running a one-person operation, your team and stakeholders should have input in the mission. Interview or conduct surveys with your employees to gain their insight and opinions. You can then elect a smaller, more central committee to come together and find consensus on common themes and craft your mission statement from there.
Neglecting to Update the Mission Statement as the Organization Evolves
Your mission statement needs to reflect your organization’s purpose, above all else. Although you wouldn’t change your mission statement yearly or even bi-yearly, don’t be afraid to update or make tweaks on your mission statement. If your organization grows or changes to the point where your original mission statement doesn’t quite fit anymore, don’t be afraid to update!
Not Reflecting Your Company’s Values
This should go without saying, but a mission statement should clearly express and reflect your organization’s values and purpose in a way that resonates with your team and your customers. Make sure your mission statement describes and accurately reflects your company’s identity.
By being mindful of these potential missteps, your organization can create a mission statement that accurately reflects your values and goals while inspiring your team and community.
What Makes Mission Statements Powerful?
Mission statements help your entire organization clearly understand its core purpose and why you do what you do. As a leader, it’s important to have clarity and a cohesive understanding of why your organization exists. Great leadership requires connecting your organization’s core purpose and vision of the future to your team’s day-to-day activities.
As leaders, we are put under a lot of undue stress to generate a perfect, short, sing-songy mission statement. The result is meaningless drivel, leaving everyone irritated and underwhelmed. The goal is to bring inspiration and innovation to the company for the long term. Don’t let being pragmatic get in the way of this important stage of building a strong foundation of consensus for the organization.
Play
present tense.
For Whom: Describe who you do it for.
Result: What is the result or benefit of your work?
What You Do: Briefly state what you do and how.
Mission Statements Answer At least One of These Core Questions
What Is Our Organization’s Reason for Existing?
A mission helps clearly articulate your organization’s reason for existing. At the absolute minimum, your mission statement should answer this question above all else: What’s your core purpose?
Example: “LinkedIn – To connect the world’s professionals to make them more productive and successful.”
Why Is It Special to Work for This Organization?
The best way to answer this question is to connect to the heart of your employees, customers, or the population you serve. Be compelling, and let people understand and connect with your core purpose. How does your reason for existing impact people in a special way, or why do your employees show up to work every day?
Example: “Tesla – To accelerate the world’s transition to sustainable energy.”
What Is Our Business and What Are We Trying to Accomplish on Behalf of Whom?
Some mission statements benefit from clearly stating who benefits from your business, or what you’re setting out to accomplish on behalf of whom. Who does your purpose impact the most and why?
Example: “Google’s mission is to organize the world’s information and make it universally accessible and useful.”
More mission statement examples can be found here.
Checklist for Good Mission Statements
When evaluating the quality of your current or newly drafted mission statement, it’s important your company’s mission statement meets these four simple criteria:
Your Mission Must Be Foundational: It clearly states why your organization or business exists.
It’s Original: It’s unique to your organization. If you were to read the mission statements of all the organizations in your industry, yours would be different than your competition.
It’s Memorable: Memorable = motivating to employees, prospective employees and customers.
It Fits on a T-Shirt: Peter Drucker famously advised that your mission statement should be short and compelling enough to fit on a t-shirt your staff would actually wear.
Other Mission Statement Tips
If You Are Refreshing Your Mission Statement, Complete Your SWOT First
Mission statements should be developed after completing the SWOT analysis, and before going into the rest of the planning process. This allows your team to be grounded and in alignment with where your organization is today and what the organization’s strengths and contributions are.
The mission statement motivates and inspires staff. Every single staff member knows that their purpose is defined in the mission statement. (e.g. Starbucks’ mission: To inspire and nurture the human spirit — one person, one cup and one neighborhood at a time.)
A Great Mission Statement Can Be Easily Recited at a Party
Develop the mission statement on a “party level”—it can quickly and briefly be understood by people at a party or on an airplane. The statement gives a profoundly simple focus for everything the team does as an organization. (e.g. Marine Stewardship Council’s mission: To safeguard the world’s seafood supply by promoting the best environmental choices.)
Now that you’ve finished your mission statement, writing your core values and vision is up next.
Setting OKRs that Work
A FREE downloadable guide and canvas to build Objectives and Key Resu
SWOT Assessment Guide
A FREE downloadable guide and canvas to complete a SWOT analysis, synthesize it into Competitive Advantages, and then
Guide to Create KPIs with 100 Example Metrics
A FREE down
OKR Essentials Cheat Sheet
Download the fr
The post Evaluating Mission Statements
[WLOs: 3, 4] [CLOs: 2, 5]
Prior to beginning this appeared first on essaynook.com.