BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A mission statement is a concise explanation of the organization’s reason for existence. It describes the organization’s purpose and its overall intention. The mission statement supports the vision and serves to communicate purpose and direction to employees, customers, vendors and other stakeholders.

Detailed explanation-2: -A mission statement is defined as an action-based statement that declares the purpose of an organization and how they serve their customers. This sometimes includes a description of the company, what it does, and its objectives. A mission statement is a short summary of your company’s purpose.

Detailed explanation-3: -Where a statement of philosophy defines the values and beliefs of an organization, a statement of mission defines its current and future business activities. This statement should provide a unifying force, a sense of direction, and a guide to decision making for all levels of management.

Detailed explanation-4: -The values statement highlights an organization’s core principles and philosophical ideals. It is used to both inform and guide the decisions and behaviors of the people inside the organization and signal to external stakeholders what’s important to the company.