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Q: What is a precise statement of the rationale for a business and a step-by-step explanation of how it will achieve its goals is?
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What is the 'vision statement' and 'mission statement'?

The mission statement of a business or organisation is what they do. For example, Google's mission statement is 'To organize the world's information and make it universally accessible and useful'. The vision statement is what the business is aiming to become. For example, Google's vision statement is 'To develop a perfect search engine' (2011). The confusion between the two is understandable as they are very similar, but there is a small difference. If you are looking for any more business terms, look at: The Related Link below. They are a reliable source to learn the definition of business terms and phrases.


How is a mission statement different from an aim?

an mission statement is an aim that is intented to inspire. and a aim is where a business wants to be in the future


What is the purpose of a mission statement?

to state the reason for the existence of a business


Does the direction for a business come from its policies and procedures?

No it comes from its mission statement


VW vision and mission statement?

mission statement of the Volkswagen group is not available to the public. on November 25, 2010, the Volkswagen Group joined 21 German companies in agreeing to a "mission statement for responsible actions in business," which serves as a national mission for the VW group and focuses the Volkswagen leaders on the benefits of responsible business to consumers.The six principles of this shared mission statement are:· Business must serve the good of the people.· Business that serves the good of the people requires competition.· Business that serves the good of the people is based on merit.· Business that serves the good of the people takes place globally.· Business that serves the good of the people must be sustainable.· Business that serves the good of the people demands responsible.

Related questions

What is the rationale in a business plan?

a mission statement


What is business rationale?

Business + Rationale = Business Rationale.


What is the rationale for studying entrepreneurship in the context of small business?

The rationale is that it's the entrepreneur who begins each small business. Without the former, you won't have the latter.


What a projected income statement. In your explanation outline the purpose of a projected income statement?

Projected income statement means the preparation of propose or expected income statement of future or predicting the future income statement based on certain assumptions. Purpose of projected income statement is to find out or predicting the future of business by analyzing different scenarios in planning phase of business.


The rationale of marketing concepts for online business?

i need help processing my small business plan


What is a mission statement for business?

A mission statement states the aims and purpose of a business.


Will a bank statement include your statement cash flow that is available?

A cash flow statement is the flow of money in and out of a business. If the bank statement is for your business, then yes, it'd be included on the statement sheet.


What is a mission statement for a home based internet business?

Mission statement is explaining the purpose of the business


What is the explanation for the purpose of a business?

to make money


What is an explanation of functions of marketing?

Explanation should include the marketing functions and their application to business operations.


Business communication is often termed as the lifeblood of business concern justify this statement with an example?

Business communication is often termed as the lifeblood of business concern justify this statement with an example?


What is the business definition for profit loss statement?

The business definition of the profit loss statement is a financial statement that explains your costs, expenses and revenues in a specific time period.