Analysing The Strategic Position Of A Business

Question 1

What does a businesses mission statement aim to set out

Answer 1

A business mission statement aims to set out the organisation’s purpose

Question 2

What influences are there on a businesses mission statement

Answer 2

There are many influences on a business’ mission statement:
Culture
Ethos and values
Shareholders
Stakeholders

Question 3

What does the culture of the business influence

Answer 3

The culture of the business will influence its overall mission

Question 4

What will the Ethos and values of the founders influence

Answer 4

The ethos and values of the founders will influence the overall mission

Question 5

What will the views of shareholders influence

Answer 5

The views of shareholders will influence the overall mission

Question 6

What will the values of stakeholders influence

Answer 6

The values of stakeholders including the community and employees may influence a business’ overall mission