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Question 1. Asked on :26 September 2020:07:05:40 PM

What are the use of Mission and Vision statements?

-Added by Rohit Rajput Business Study » Business Environment


Rohit Rajput
Vision and Mission Statements provides various uses to the organization:


(i) Helps in defining performance standards.

(ii)Guides the employees in decision making.

(iii)Guides the management while planning on the strategic issues.

(iv)Inspire the employees to work more productively.

(v)Helps establishing a framework for ethical behaviour.


(i) Helps in better communication with customers, suppliers and alliance partners and also create closer linkage.

(ii)Provide external support.

(iii)Serves as a public relation tool.

-Answered by Rohit Rajput On 26 September 2020:07:06:41 PM(20696Average Rating Based on rating)


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