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

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

True or false: The vision of an organization describes its very purpose or reason for existence; the mission describes what the organization hopes to be in the future.

Mission and vision both relate to an organization’s purpose and are typically communicated orally.Question 6Select one:TrueFalse

Good vision and mission statements:show what a company wants to accomplish.are designed to confuse competitors.create added value for a company.help protect the company from government auditors.

Statement Type Function(1) Organisational Mission  a. Operationalised statements that signify the future goals of an organisation(2) Organisational Vision b. Operating principles that govern the behaviour of employees and the organisational culture(3) Organisational Values c. Statements that lay down the purpose of existence of an organisation