Mission And Vision

Topics: Statements, Strategic planning, Wal-Mart Pages: 3 (684 words) Published: November 8, 2014
ASSIGNMENT 1.2
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 MISSION AND VISION STATEMENTS 1
A mission statement is defined as a statement that defines the nature, purpose, and role of an organization or individual. Mission statements help to focus resources and guide planning. (International Encyclopedia of Hospitality Management, 2010) A mission statement is a statement of purpose that will guide an individual or organization. Similar to a mission statement, a vision statement is defined as a statement giving a broad image to work towards that an organization or individual is aiming to achieve. (Vision statement, 2009) The organization that I have chosen to research, in regards to their mission and vision statements, is Walmart. I have chosen Walmart because I am intrigued with their success, even in times of uncertainty in the economy.

Walmart's mission statement is, “We save people money
so they can live better.” (Farfan, n.d.) Similarly, Walmart's vision statement is, “If we work together, we’ll lower the cost of living for everyone…we’ll give the world an opportunity to see what it’s like to save and have a better life.” These mission and vision statements were created  by Walmart's founder, Sam Walton, and the company strives to work towards these to this day. (Farfan, n.d.) From what I've seen when shopping at Walmart, I believe they live up to these statements. I always feel I'm getting a very good deal when I buy anything at Walmart, and I am impressed with how Walmart involves itself in local communities to help them (for example, giving to local schools). I think Walmart's mission and vision statements are fairly simple, yet inclusive enough to direct them in the way they should go. I think this is important, so that an organization always knows what decisions to make based upon their mission and vision. My personal mission s

tatement is, “I am constantly improving myself, doing everything that needs to be done in a timely manner. I focus on balance within my life. I face problems and...
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