Are 'Mission Statements' necessary?

Replies

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  safwan

  Biggie do mission Statements are same of Memorandum of association 😕
  
  If yes , then Its important for a firm to prepare Memorandum of Association becouse its neccesary for firm to incorporate or I mean register it in government as a company.:sshhh:
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  Aashish Joshi

  I guess mission statements give the company a sense of direction. The management "draws inspiration" from the mission statement, and contemplates steps to be taken to make sure the goals set by the company are met as closely as possible!!
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  Prasad Ajinkya

  Mission statements are necessary because they provide a simple and actionable way of achieving the company's vision. They are supposed to be simple and easy to comprehend because they should cut through the entire organization.
  
  A good mission and vision statement can do lots, e.g. Infosys. If all employees do believe in those statements, then it can really do the organization a lot of merit.