Mission, Vision and Corporate Culture
Not what you're looking for?
How does a company derive or determine its vision? Its mission? Values? Corporate culture?
P.S. Please provide appropriate references for statements and/or quotations next to the statements and/or quotations itself. Apart from the references that you would provide at the end of your response as well.
Purchase this Solution
Solution Summary
In order to derive its corporate vision, mission, values and corporate culture, first of all, the company conducts an in depth environmental scanning of its internal as well as external environment.
Solution Preview
In order to derive its corporate vision, mission, values and corporate culture, first of all, the company conducts an in depth environmental scanning of its internal as well as external environment.
Such in depth analysis of both the environmental highlights the strengths and weaknesses of the company as well as highlight the opportunities and threats present in the external environment of the company. Further, such analysis provides an overview of the relative attractiveness of the industry in which the company is operating along with analysis of other critical factors such as competition,etc. This exercise provides a strong platform to the management to formulate a corporate strategy for the company, including its mission, vision, values and corporate culture.
The exercise to develop these elements should be developed in close consultation with the senior managers and representatives from the employees in order to make it sure that all the organization's employees clearly understand the mission and vision and embrace the corporate culture with full enthusiasm and motivation.
Student: The above information was solely compiled by me, based on my understanding and knowledge of the subject matter. However, I am providing additional analysis from different sources below:
Developing a Mission Statement:
1. At is most basic, the mission statement describes the overall purpose of the organization.
2. If the ...
Education
- BComm, University of Delhi
- Post Graduate Diploma in Management (Equivalent to MBA), All India Management Association
Recent Feedback
- "Thanks"
- "Thanks"
- "Very good! "
- "thanks"
- "Thank you!"
Purchase this Solution
Free BrainMass Quizzes
Social Media: Pinterest
This quiz introduces basic concepts of Pinterest social media
Six Sigma for Process Improvement
A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.
SWOT
This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.
Accounting: Statement of Cash flows
This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.
Operations Management
This quiz tests a student's knowledge about Operations Management