Is a valuable managerial tool provides understanding

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Unformatted text preview: : Provides understanding of what management wants its business to look like; Provides a reference point for managers in making strategic decisions. NB: - A companys mission is not to make a profit! Its true mission is its answer to “What will we do to make a profit?” - Making is profit is an objective or intended outcome! MBA 565 20 / 1 Examples of vision statements MBA 565 21 / 1 Connection with company’s values Definition Ethical standards and norms that govern the behavior of individuals within a firm or an organization. 4 - 8 values reinforce the company’s vision, strategy, and operating practices. MBA 565 22...
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This note was uploaded on 02/04/2014 for the course MATH 108 taught by Professor Jamesbaglama during the Spring '13 term at Rhode Island.

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