GENERAL KNOWLEDGE

GK

BUSINESS MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A company’s mission statement
A
is the basis for all directing
B
is the basis for all financing
C
is the basis for all planning
D
is a statement used to talk to customers
Explanation: 

Detailed explanation-1: -A mission statement outlines a startup’s underlying motivation for being in business. It spells out the contribution to society that the organization aspires to make. The mission statement is not a strategic objective, but rather the basis on which the strategic objectives and strategic plan are developed.

Detailed explanation-2: -Your mission or mission statement aligns your people and aligns your organization, and it is what will help you accomplish your vision. Your mission statement, like all parts of your strategic plan, help you focus your team on what you need to work on, and what you don’t need to work on.

Detailed explanation-3: -The mission statement will help measure whether the strategic plan aligns with the overall goals of the agency. The vision statement helps to provide inspiration to employees.

Detailed explanation-4: -The mission statement explains what your business offers, how it does this and who it helps. It captures the overall value of your product or service. If your business follows its mission, it will achieve its vision. As you write your mission statement, remember to make it clear, short and specific.

Detailed explanation-5: -Mission (the what and why) Developing mission statements are the next step in the action planning process. An organization’s mission statement describes what the group is going to do, and why it’s going to do that.

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