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Monday, June 6, 2011

Strategy - 13

In this blog we deal about one of the very common question that most people have - it is regarding the concept of Mission. We begin with defining some of these terms and see the relation between these.

We have consciously restrained from getting into depth of each of these, but we would just mention about two of the disadvantages that come in with an approach of this nature.

  • Most of Mission/Vision is based on the values of the founders and this might be inconsistent with the underlying economic process of the industry or market.
  • These Mission/Vision statements might sometimes be limited in providing significant guidance to managers in real organization.

Read in Kannada: http://somanagement.blogspot.com/2011/06/blog-post_06.html

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