Elements in a comprehensive mission statement

Assignment Help Operation Management
Reference no: EM131267899

Provide at least 5 reasons why it is important to include guideline elements in a comprehensive mission statement.

Guidelines:

Reason for the company's existance

Customers needs that are satisfied by a company's products and services

Extent of Specialisation within each product-market area

Amount and types of product-market diversification desired by management

Mangements performance expectations for a company

The companys self-concept (Strengths and weaknesses)

Its basic product or service, primary market and principal technolgy

Reference no: EM131267899

Questions Cloud

The world has become a global economy : The world has become a global economy. Travel advances have minimized the time it takes for an individual to access most of the world. Thus, disease can spread in a matter of hours or days, exposing the world to potentially catastrophic epidemics.
What is hoshin planning or policy deployment : What is Hoshin planning, or policy deployment? Explain how this approach is used in organizations. In your opinion, do unions still serve the same purpose today that they were originally created for years ago? Why or why not? Outline the steps a coun..
More effective differentiation or low-cost strategy : What is the difference between having a best-cost strategy (a/k/a integrated low-cost and differentiation) and being stuck in the middle (achieving neither low-cost or differentiation based advantage). If you have a best-cost strategy aren't there li..
Does the measurement support our mission : What information would you need to fully answer the questions that IBM Rochester uses for selecting measures and indicators: Does the measurement support our mission?  Is it effective in forecasting results?
Elements in a comprehensive mission statement : Provide at least 5 reasons why it is important to include guideline elements in a comprehensive mission statement. The companys self-concept (Strengths and weaknesses) Its basic product or service, primary market and principal technolgy.
Statement about segmentation methods : Which of the following is a CORRECT statement about segmentation methods?
Comment on the current mission statement : Clifton Metal Works Case Study: 1) Comment on the current mission statement. Does it provide the strategic direction necessary for success for this company? 2) How can the mission statement be improved? Suggest a better statement of mission, vision, ..
Abandon the current configuration of the marketing mix : If detailed customer information is kept over a period of time, a company may be able to constuct an important measure of a customer's profitability known as. If a marketer feels the need to abandon the current configuration of the marketing mix to r..
Used in marketing management decisions : If the results of marketing research provide information that's used in marketing management decisions, marketing research will

Reviews

Write a Review

Operation Management Questions & Answers

  Mr botuchis asked you and the assignment of programs to

a local television station plans to drop four friday evening programs at the end of the season. steve botuchis the

  Recommendations of the set of technologies

Provide a document that provides your recommendations of the set of technologies (DBMS, programming language, web server {if appropriate} that you believe are the best suited for FAME. Ensure that this document has some information on the options you..

  Choose a product you would create and decide

choose a product you would create and decide whether you would take a slow or fast approach internationalizing your firm.

  At what volume of output would the two locations

At what volume of output would the two locations have the same total cost? For what range of output would location A be superior? For what range would B be superior?

  What is the difference between formal and informal groups

What is the difference between formal and informal groups? Explain how would manage each type of group in helping an organization achieve success. Please give an example.

  Learning curve analysis-purchasing and sourcing course

Craig Phillips is a buyer at Socon, a manufacturer of large industrial pumps. He has a requirement for a customized subassembly that his preferred supplier, Oriel, is building for the first time. calculate the average labour per unit given the cumula..

  What is the projected finished goods inventory

What is the projected finished goods inventory at end of March? Will this schedule meet the forecasted demand for each of the 3 months? If not, which month(s) will be short and by how many cases? If we experience 3.7% downtime, what will the March en..

  An action orientation involves diagnosing current problems

An action orientation involves diagnosing current problems and applying interventions that resolve those problems. Appreciative inquiry uses words and language carefully because it is sensitive to the thoughts and feelings behind that communication.

  Describe health care organizations obtain revenues

Health care organizations obtain revenues through multiple funding sources. Unlike consumer products, health care organizations do not rely on the consumers of their services as the primary sources of revenue.

  How would you go about evaluating criticalness of inventory

As a supermarket manager, how would you go about evaluating the criticalness of an inventory shortage? Give two examples of unethical conduct involving inventory management and the ethical principle each one violates.

  Why companies give potential employees personality tests

Explain the reason why companies give potential employees personality tests. Also, explain the five-factor model of personality dimensions, and how they affect workplace behavior. Discuss the MBTI and its four personality types.

  Computer-mediated communication

Computer-Mediated Communication (CMC) has escalated in the past 10 years with the advent of the Internet and now a plethora of social networking opportunities. There are two sides to CMC: those who think it is connecting us all the more and those who..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd