After reading this article you will learn about:- 1. Meaning of Mission Statement of An Organization 2. Features of Mission Statement 3. Components. Meaning of Mission Statement: "A mission statement is a statement of the purpose of an organisation. The mission statement should guide the actions of the organisation, spell out its overall goal, provide a path and guide decision-making. [...]
After reading this article you will learn about:- 1. Meaning of Objectives 2. Features of Objectives 3. Importance 4. Multiplicity 5. Hierarchy. Meaning of Objectives: Objectives refer to specific, measurable ends. They are identifiable goals towards which all organisational activities are directed. They are the end results of the organisation's operations. Objectives are the specific targets or standards against which [...]
After reading this article you will learn about goal succession and goal displacement. Goal Succession: When new goals are added to existing goals of the organisation, goal succession is said to have taken place. Goal succession can take the following forms: 1. Add New Goals to the Existing Goals: The company may decide to add new goals to its existing [...]