Why are mission statements important for businesses?

Why are mission statements important for businesses?

Mission statements are crucial as they define a company's purpose, values, and direction, guiding decision-making.

Can you give me an example of a good mission statement?

Sure! A great example is Google's mission statement: 'To organize the world's information and make it universally accessible and useful.'

How often should a company revisit its mission statement?

Companies should revisit their mission statement regularly, ideally every few years, to ensure it aligns with their evolving goals.

What happens if a company doesn't have a mission statement?

Without a mission statement, a company may lack direction, leading to inconsistent decision-making and unclear goals.