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MGT 488 Week 2-DQ1

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What is the importance of an organization’s mission?
A mission statement provides a motivational declaration of the company’s purpose for operating.
This statement is a reference for employees to aid in maintaining focus to achieve the company’s
desired goals. The mission statement also serves as the company’s purpose to inform customers
of its reason for conducting business. “A mission specifies the business or businesses in which
the firm intends to compete and the customers it intends to serve” (Hitt, Ireland, &
Hoskisson, 2009, p. 19).
How does the mission affect the way an organization operates?
The mission serves as a guideline for the company. The mission aids in providing a means of
focus for the organization to accomplish its goals. Further, the mission gives employees a sense
of purpose for daily activities and helps motivation.
What components do you consider to be critical for an organization’s mission?
An organization’s mission usually entails several components including; the products and
services the company offers, the customers the organization serves, the company’s growth and
profitability obligation to economic goals, and the company’s responsibility to its employees.
Reference
Hitt, M. A., Ireland, R. D., & Hoskisson, R. E. (2009). Strategic Management: Concepts &
Cases Competitiveness and Globalization (8th ed.). Mason, OH: South Western Cengage
Learning.

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What is the importance of an organization's mission? A mission statement provides a motivational declaration of the company's purpose for operating. This statement is a reference for employees to aid in maintaining focus to achieve the company's desired goals. The mission statement also serves as ...
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