Categories: Strategy

Mission Statement

Self concept – The firm distinctive competence or major competitive advantage.

Concern of public image = Is the firm responsive to social, community and environmental concerns?

Concern of employees – Are employees are valuable asset of the firm?

Examples of mission Statement

Following are the mission statements of some top class Companies.

Wells Fargo Mission Statement

“Our product: SERVICE. Our value-added: FINANCIAL ADVICE. Our competitive advantage: OUR PEOPLE”

Ford Motors Mission Statement

“To become the world’s leading consumer company for automotive products and services.”

Dell Mission Statement

“To be the most successful computer company in the world at delivering the best customer experience in markets we serve.”

Wikipedia Mission Statement

The mission of the Wikipedia Foundation is to empower and engage people around the world to collect and develop educational content under a free license or in the public domain, and to disseminate it effectively and globally. …the Foundation provides the essential infrastructure and an organizational framework for the support and development of multilingual wiki projects and other endeavors which serve this mission. The Foundation will make and keep useful information from its projects available on the Internet free of charge, in perpetuity.”[linkunit]

Mission VS Vision

The Vision describes a future identity and the Mission describes why it will be achieved. A Mission statement defines the purpose or broader goal for being in existence or in the business. It serves as an ongoing guide without time frame. The mission can remain the same for decades if crafted well. Vision is more specific in terms of objective and future state. Vision is related to some form of achievement if successful.