Mission Statement

What is Mission Statement?

 

‘Mission Statement’ is the documented statement of a company that informs everyone of the purpose of the company’s existence and is advertised as a means of garnering goodwill from the masses. It is also used as a means of providing a clear understanding of the values and beliefs that the company feels strongly about.

 

Companies are tweaking their mission statements to be more accessible and promoting them as a means of brand engagement nowadays as they are aware of the fact that their consumers have become more aware and responsible with the brands they associate with.

 

Mission statements can range from witty one-liners to complex statements that are meant to evoke a particular feeling that the company wants to evoke in its consumers by thinking about the brand.

More HR Terms

Anti-discrimination Law

What is Anti-discrimination Law?   ‘Anti-discrimination Law’ is the set of rules designed to protect the employees from discrimination based on their age, race, gender,

Third Party Administrator (TPA)

What is Third Party Administrator (TPA) ? ‘Third Party Administrator’ or ‘TPA’ refers to those agencies that handle the administrative duties of a specific process

Incidence Rate

What is Incidence Rate?   ‘Incidence Rate’ refers to the rate of accidents, medical conditions, or injuries that happen in a company or an industry

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