Term
Mission Statement
Definition
A Mission Statement is a short, clear description of a company’s purpose and what it aims to achieve. It helps guide the company’s decisions and shows everyone from employees to customers what the company stands for.
Where you’ll find it
This feature is typically found in the “About Us” or "Company Profile" section of a business’s profile on the Business platform. It’s a standard feature available across all plans.
Common use cases
- When defining the fundamental values and purpose of a company.
- To ensure all business strategies align with the core objectives stated.
- As a communication tool to clearly display the company's ethos to customers and potential investors.
Things to watch out for
- Avoid making it too lengthy; a mission statement should be concise and to the point.
- It should not be confused with a vision statement, which focuses on future goals rather than current objectives.
- Regular updates may be needed to reflect changes in the company’s direction or market conditions.
Related terms
- Vision Statement
- Company Profile
- Strategic Planning
- Brand Identity
- Stakeholder Engagement