Thursday, March 14, 2013

Week 7 EOC: Business Mission Statement

We make, distribute, and sell high quality, caffeinated beverages that do not use artificial flavors. Our business is delighting an building relationships with the customers that consume our beverages. Our customer is a person who enjoys the nightlife or stressed out from the pressures of life and wants to go to a bar for a good time. We offer something for everyone. Our consumers value high quality and natural flavors, and that is what is our company will deliver. Each of our three flavors can satisfy in a mixed alcoholic drink, or even by itself. Our business is local, and will work at building real, meaningful relationships with people all over the region. What we deliver is an escape. Dare to escape with Bold.

 "Few leaders actually get the point of forging a mission with real grit and meaning. [Mission statements] have largely devolved into fat-headed jargon. Almost no one can figure out what they mean. [So companies] sort of ignore them or gussy up a vague package deal along the lines of: “our mission is to be the best fill-in-the-blank company in our industry.” [Instead, Welch advises, CEOs should] make a choice about how your company will win. Don’t mince words! Remember Nike’s old mission, “Crush Reebok”? That’s directionally correct. And Google’s mission statement isn’t something namby-pamby like “To be the world’s best search engine.” It’s “To organize the world’s information and make it universally accessible and useful.” That’s simultaneously inspirational, achievable, and completely graspable." Armstrong & Kotler (2011). Marketing: An Introduction, 10th Ed. Prentice Hall Publishing.

“A Mission Statement is a statement of the organization’s purpose—what it wants to accomplish in the larger environment.” 
Armstrong & Kotler Pg. 39

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