The Importance of a Mission Statement

People tend to forget about the purpose of their company after some time. Straying from their path, they decide to invest or create something that has nothing to do with their business. That’s when a mission statement comes in. The goal of a mission statement is to set a standard of what your company is trying to accomplish and how. It directs you back to the proper course if you ever stray from it.

A lot of companies are straying from their proper course of action these days. When a company starts to expand, they start to stray away from their main objective and start pursing something totally different from their business. Such can be a disaster to you and the company so a mission statement is necessary to reaffirm what you are really trying to accomplish.

mission statement

If you ever need to reaffirm yourself, look back to your mission statement. Stray from it and your customers will start to doubt your capabilities and intentions. Creating doubts on your consumers mind can destroy your business and reputation. Look back to your mission statement so you know what you have to do.

If you need to modify your mission statement, then do so as goals may change. However, changing it multiple times will weaken you and your workforce morale because a leader who can’t make up his/her mind will be despised and criticized.

5 Comments

  1. Posted December 13, 2007 at 12:09 am | Permalink

    Couldn’t agree more. Surprising, some large companies only do their strategic management planning early on and never revise them later. Sort of becoming a management cliche for companies instead of a management tool.

  2. Posted December 13, 2007 at 9:55 am | Permalink

    Zedd- I wish more companies would review their Mission Statement from time to time so they wouldn’t lose track of their objectives.

  3. Posted December 13, 2007 at 7:44 pm | Permalink

    Zedd, I agree. Some companies live their statement, others have one because its the done thing to do.

    I think it’s very important to decide why you are here and how you are going to do it.

  4. Posted December 14, 2007 at 10:20 pm | Permalink

    I agree a mission statement is important, but I’ve also seen a lot of focus on the perfect mission statement and nothing else really gets done. A mission statement without execution will get you nowhere.

  5. Posted December 14, 2007 at 11:41 pm | Permalink

    FM- Usually the perfect mission statement should be set before even the start of the company. Modifying it through the times means lack of resolution or lack of focus.

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