Unit 1.3 - Organisational objectives

Question 1

What is a vision statement?

Answer 1

Outlines an organisation’s aspirations (where it wants it to be) in the distant future
[A vision means to have an image of an ideal situation in a future]

Question 2

What is a mission statement?

Answer 2

A mission statement tends to be a simple declaration of the underlying purpose of an organisation’s existence and its core values.
[A mission means to have a clear purpose]

Question 3

What is corporate social responsibility? (CSR)

Answer 3

To asses and take responsibility for the company’s effects on the environment and impact on social welfare.