Professional Documents
Culture Documents
Fred R. David
Chapter 2:
The Business Mission
PowerPoint Slides By:
Anthony F. Chelte
Western New England College
Ch. 2-1
Chapter 3
Vision
&
Mission
Statements
Long-Term
Objectives
Chapter 5
Generate,
Evaluate,
Select
Strategies
Chapter 6
Implement
Strategies:
Mgmt Issues
Implement
Strategies:
Marketing,
Fin/Acct,
R&D, CIS
Measure &
Evaluate
Performance
Chapter 7
Chapter 8
Chapter 9
Chapter 2
Internal
Audit
Chapter 4
Ch. 2-2
Examples
Vision Statement
The Bellevue Hospital is the
LEADER in providing resources
necessary to realize the
communitys highest level of
HEALTH throughout life.
Ch. 2-8
Examples (Contd)
Mission Statement
The Bellevue Hospital, with respect,
compassion, integrity, and courage,
honors the individuality and
confidentiality of our patients,
employees, and community, and is
progressive in anticipating and
providing future health care services.
Ch. 2-9
Examples (Contd)
Vision Statement
The Vision of USGS is to be a world
leader in the natural sciences
through our scientific excellence and
responsiveness to societys needs.
-U.S. Geological Survey (USGS)Ch. 2-10
Examples (Contd)
Mission Statement
The Mission of USGS is to serve the Nation by
providing reliable scientific information to
Describe and understand the Earth;
Minimize loss of life and property from
natural disasters;
Manage water, biological, energy, and
mineral resources; and enhance and protect
our quality of life.
Ch. 2-11
Examples (Contd)
Vision Statement
It is the vision of the California
Energy Commission for Californians
to have energy choices that are
affordable, reliable, diverse, safe,
and environmentally acceptable.
Ch. 2-12
Examples (Contd)
Mission Statement
It is the California Energy
Commissions mission to assess,
advocate, and act through
public/private partnerships to
improve energy systems that
promote a strong economy and a
healthy environment.
Ch. 2-13
Characteristics of a Mission
According to Vern McGinnis, mission should:
Ch. 2-14
Characteristics of a Mission
(Contd)
Ch. 2-15
Characteristics of a Mission
(Contd)
Characteristics of a Mission
(Contd)
Customer Orientation
A good mission statement reflects the
anticipations of customers.
Identify customer needs
Provide product/service to satisfy
needs
AT&Ts mission focuses on communications,
not telephones
Exxons mission focuses on energy, not on oil
and gas
Ch. 2-18
Ch. 2-20
Components of Mission
Mission statements vary in
Length
Content
Format
Specificity
Components of Mission
(Contd)
Customers
Products or services
Markets
Technology
Survival, growth, and profitability
Philosophy
Self-concept
Concern for public image
Concern for employees
Ch. 2-22
Components of Mission
(Contd)
Products or services:
What are the firm's major products or
services?
Ch. 2-23
Components of Mission
(Contd)
Markets:
Geographically, where does the firm
compete?
Technology:
Is the firm technologically current?
Ch. 2-24
Components of Mission
(Contd)
Philosophy:
What are the basic beliefs, values,
aspirations, and ethical priorities of
the firm?
Ch. 2-25
Components of Mission
(Contd)
Self-concept:
What is the firms distinctive competence or
major competitive advantage?
Ch. 2-26
Ch. 2-27
Global Perspective
Major Challenges in 2000
USA
Europ
e
Japan
Customer loyalty
44% 28%
3%
Managing M&As,
alliances
Reducing costs
Engaging emp. in
mission
Competing for talent
9%
3%
Ch. 2-28
Mission statement
components
Philosophy
Products or services
Self-concept
Social policy
Stakeholders
Technology
Vision statement
Ch. 2-29