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Strategic Management Process/Vision, Goals, Objectives

Step One: Read Jack Welch's opinion on what makes for a good mission statement:

Welch, J., & Welch, S. (2008). State your business: Too many mission statements are loaded with fatheaded jargon. Play it straight. Business Week, (4066)80.

Retrieved from ABI/INFORM Global database. (Document ID: 1412280431). Web site: http://proquest.umi.com/pqdweb?index=6&did=1412280431&SrchMo de=1&sid=22&Fmt=3&VInst=PROD&VType=PQD&RQT=309&VName=PQD&TS=1241443715& clientId=29440

Step Two: Do some research on websites dedicated to writing mission statements. You may rely solely on the websites in the background materials or supplement them if you find websites that are more useful to you. Identify five criteria that you think are crucial to good mission statements.

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Step Three: Research websites dedicated to writing vision statements. Identify five criteria you think are critical to good vision statements.

Step Four:

In a 2-3 page paper (MLA Format)

List the five criteria you have chosen for mission and vision (5 each). This can be a bulleted list.
Justify your choices. Explain why these particular criteria are important.
Compare what the two lists have in common and in what ways they differ.

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14 October 2009
Strategic Management Process: Mission and Vision Statement
Mission statement can be defined as described as what the organization is along with the purpose of its existence (Wheelan & Hunger, 2004). Mission statement defines the role of an organization, which it plays in a society. Mission statement is unique to every firm and defines the core values of the firm (Berry, 2009).
Vision statement shows what an organization wants to be. It articulates the position of a firm, which it expects to attain in future. Vision can be considered as a source of inspiration and optimistic view of the firm in future (Wheelan & Hunger, 2004).
It is necessary for the business organizations to have a critical thinking before developing mission and vision statements of the organizations.
Five criteria that are Crucial to Good Mission Statement
As the mission statement defines the organizational values and guide the organization to meet the objectives and targets, there should be some effective criteria to develop mission statements.
 The mission statement should contain all the information such as who we are, what we are, how do we serve others, who are our customers, etc. (Berry, 2009).
 The next criteria to write a good mission statement is related to its lengths. The mission statement of an organization should be short, so that the customer and employees can understand this in an easy manner. It should not be more than three to four lines (Mission Statement, ...

Solution Summary

Strategic management is examined. The process/vision, goals and objectives are provided,