Importance Of Mission Statement In Multidivisional Performance

Decent Essays
Register to read the introduction… 22) Research has failed to find a positive relationship between mission statements and organizational performance. 23) Mission statements are sometimes difficult to derive because top management may disagree over company objectives. 24) According to Drucker, the most important time for a company to develop mission and vision statements is when the company is experiencing financial difficulty. 25) In multidivisional organizations, each division should develop a mission statement consistent with and supportive of the corporate mission. 26) Mission statements provide managers with a unity of direction that transcends individual, parochial and transitory needs by promoting a sense of shared expectations among all levels and generations of employees. 27) A mission statement promotes a sense of shared expectations among all levels and generations of employees. 28) When a company has been successful the question "What is our business?" becomes unnecessary. 29) A mission statement is usually just a simple statement of specific …show more content…
34) Mission statements should always be stated with a high level of specificity. 35) The relative attention an organization will devote to meeting the claims of various stakeholders is indicated in a good mission statement. 36) Specificity might stifle creativity in the formulation of an acceptable mission or purpose. 37) It is unusual for the claims and concerns of a company's stakeholders to vary or conflict. 38) In most cases, at least 500 words are required to effectively state a mission statement. 39) An effective mission statement generates the impression a firm is successful, has direction, and is worthy of time, support and investment. 40) According to Vern McGinnis, an effective mission statement should define what the organization is and what the organization aspires to be. 41) Having a clear mission and vision can provide a basis for a company's internal and external assessment. 42) Good mission statements identify the utility of a firm's products to its customers. 43) Attracting customers is a major reason for developing a mission statement. 44) AT&T's mission statement focuses on telephones rather than on

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