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Re: ::::IIVU ASKARII:::: MGT602 Thread

Assalam o Alaikum, Wr Wb

Those who chose Mission Statement in the quizzes got maximum marks 15/15.
Atleast, it is Mission Statement in VU's database.

Best Regards

On Sun, Feb 20, 2011 at 2:19 AM, Asad Munir <mc090402550@gmail.com> wrote:

 Which statement of the following relates with the ultimate goal of Business?

       ► Vision Statement [my answer pls comment]

       ► Mission Statement

       ► Goal Statement      

       ► Profit Statement

    Ref: A mission is a statement of direction, the ultimate goal of a company. A target is an achievable, measurable and realistic decision of where an individual wants to be in a specific period of time.
Mission statements are the main objectives and goals of an organization. They inform the readers and customers about core values of your firm. Mission statements are like your business priorities, your methods and values of working that your firm will follow to achieve its objectives. Vision statements, on the other hand, are you long term goals that you have envisioned for the growth of your firm. Vision is your future and mission is your present, your reason for existence.

Mostly, there is this general confusion between the terms, mission statement vs vision statement. Many people think that both are the same entity. However, as stated earlier, the mission statement is your method, objective and plans you're going to carry out in achieving your goal, and your vision is your dream, your holistic aim that encompasses the ultimate philosophy of your enterprise.
 
 
 

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