Respond to classmate

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Business Finance

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Shannon Anderson

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Mastercard is a technology company that connects customers, merchants, banks, and businesses across the world by enabling electronic payments. Mastercard’s vision and mission statement are very clear and they communicate their intentions through both; to make payments cashless.

The company’s vision is “A World Beyond Cash” and their Mission statement “Every day, everywhere, we use our technology and expertise to make payments safe, simple and smart” (mastercard.com.us. n.d.). I find both to be simple yet effective. The organization uses these statements to create goals for the company’s future. By focusing their efforts on products and solutions that provide secure transactions, as well as enhancing the ease of payments by using an electronic platform, the company is changing the way merchants, customers, businesses, governments, and banks do business across the globe. Goals are meant to inspire people to work harder in order to produce better results and higher performance.

Operational planning consists of making decisions and creating detailed plans which use the company’s objectives and turns them into tasks/projects/activities which are part of the company’s overall strategic plan. “

Operational planning is carried out more effectively when everyone involved in the process under­stands that everything is part of a larger system, that anything they do affects other parts of the sys­tem, and vice versa (Abraham, 2012). All employees of the company should be involved in operational planning as they will be involved in the execution of these plans. Operational planning should be conducted prior to the beginning of a company’s fiscal year and can be impacted due to unforeseen changes.

Abraham, S. C. (2012). Strategic management for organizations [Electronic version]. Retrieved from https://ashford.content.edu (Links to an external site.)Links to an external site.

Mastercard.com. (n.d.). Our vision is clear. Retrieved from https://www.mastercard.us/en-us/about-mastercard/w...

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Explanation & Answer

Attached.

Running head: MASTERCARD

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Mastercard
Name
Institutional Affiliation
Date

MASTERCARD

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Response
I firmly concur with my classmate, Shannon Anderson, that Mastercard is an organization
that connects banks, businesses as well as customers across the world by enabling electronic
payments. It is also true to say that the company’s vision and mission statement are...


Anonymous
Very useful material for studying!

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