The effects of mission, vision, values and strategy on company operation
How can a company prepare for and react to changes in the market ? Understanding the environment is essential from the external point of view, to better prepare for operational business. However, understanding what it is exactly that the company does, how it’s going to do it, and where do they want to be in the future are questions that can make or break the company. Company strategy planning requires you at some point to answer the question of “what is your mission and vision?” The two serve the purpose of acquiring the result you intend to obtain. So, what’s the difference, and is there a difference? Bringing meaning to these definitions assist companies to build a strategy that will answer the demand of the everchanging market. In this writing, we will go through the basic concepts of mission and vision and bring examples for them. Then we will look at the influence that the market demand has on a company, the effects of the changes in the market that can lead a compan