Strategic Management Assignment Help: In this assignment help you will learn how do companies formulate their mission statement and Why is the mission statement important in guiding an organization strategy.

Mission Statement:  Companies have formulated the mission statement after analyzing the overall market conditions. It is identified that company analyzes the internal and external environment. Moreover, our management strategy experts say that on the basis of competencies of employees, the company develops its mission statement.

 

Mission is the concept through which company makes the strategies for achieving the vision. In addition to this, the company develops the mission statement on the basis of factors that are important in achieving the objectives. For example, the mission statement of Wal-Mart is to provide the efficient product and services at economical prices. With the help of this management strategy, Wal-Mart is able to attract the large part of customers. In order to achieve its mission, Wal-Mart has makes the optimum utilization of resources and provide the high quality products at lower prices. It has developed its mission statement, on the basis of identifying its target market.

 

Importance of Mission Statement: According to the business management organization strategy assignment help experts the mission statement is helpful in achieving the aims and objectives of the companies in an efficient manner. On the basis of mission statement, organization develops the base for employees. Moreover, employees also work accordingly. It is identified that company formulates strategies, policies and regulations on the basis of mission and vision statement. Mission statement provides the path to the company in achieving the vision.

 

So, therefore the company formulates the different strategies for different departments. Therefore, it is important for the companies to formulate the goals and strategies on the basis of mission and vision statement. In today’s competitive environment, companies have to make changes in its mission statement in order to sustain in the market. Therefore, it is necessary to make formulate the strategies accordingly. It is identified that strategies and mission of the companies are interrelated with each other.

 

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