Mission, Vision
& Values:
What Are They, and Why Do They Matter?
(Page
1 of 2)
As entrepreneurs, it's almost impossible to avoid writing
a mission statement. We need them for our business plans.
We need them for our investors. Our mentors and advisors
tell us we need them. But what is a mission statement,
really? Why do we need it? How can it help our businesses?
Let's look at Wikipedia's definition of the mission
statement:
"A mission statement is a brief statement of the
purpose of a company
The following elements can
be included in a mission statement.
- Purpose and values of the organization.
- Products, services, or market; or, who are the organization's
primary "clients" (stakeholders).
- What are the responsibilities of the organization
towards these "clients"?
- What are the main objectives supporting the company
in accomplishing its mission?"
That seems like a lot of information to cram into a
few sentences that are supposed to sum up your business.
In reality, there are several elements that comprise
the foundation of your company and describe how you
want it to be perceived.
I propose that we break this concept down into three
progressive pieces, or core elements: (see core
elements chart here).
1. Core Values - Who are we?
Core values are 3-5 terms that describe the forces that
drive you to form and grow your organization. If you
are the founder, they are the same as or closely related
to your personal values. Your values tell you not only
who you are as an organization, but who you are not.
They encompass your ethics, principals, and beliefs
about your organization and its relationship to the
world. Core values are immutable, they will probably
remain the same for the life of your organization.
Example: "integrity, honesty, openness,
personal excellence, constructive self-criticism, continual
self-improvement, and mutual respect" - Microsoft
2. Vision Statement - Why
are we here?
Vision is the reason your company exists. The world
changes, technology changes, so your vision statement
may not refer to your product. It should convey is why
you are in this business (and not another). It should
tie directly back to your core values. If the market
changed dramatically, your vision should remain intact
because it speaks to what your company represents, not
just what it does.
Example: "..to help people and businesses
throughout the world realize their full potential."
- Microsoft
3. Mission Statement - What
do we do?
While your mission should refer more specifically to
the type of business you do or products you sell, it
can also encompass what you feel your organization's
contribution will be to your industry, community, or
to the world. Your mission statement may change if your
company outlives the industry it started in, but it
should still tie back to your core values and vision.
Example: "Google's mission is to organize
the world's information and make it universally accessible
and useful."
Ultimately, you may want to combine aspects of these
three elements into one statement that you use externally
and internally, but I feel it's important to differentiate
between them during the development stage.
read more >>
Contact:
Michelann Quimby, Organizational Consultant
DiaMind Consulting
www.Michelann.com
www.diamindconsulting.com

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