A Mission Statement is all about why a company exists; its purpose and its intention.Question 7AnswerTrueFalse

What is the main purpose of a mission statement in business?

1 Explain one purpose of a mission statement.

Organisational mission, vision and valuesWhich one of the following statements about an organisation’s mission statement is true? (Answer this based on your learnings from the segment)It conveys all the details of the stakeholders It lays down the reasons for the existence of an organisationIt is an operationalised statement that talks about the future of the organisationIt is also known as the purpose statement

Explain one purpose of a mission statement.[3] 2 Explain one practical limitation of mission statements.[3] 3 Analyse how the objective of ‘increasing shareholder value’ might conflict with corporate social responsibility.

The mission and a mission statement should be