Preview

Value of Mission Statements: Comparrison of Whitbread and Headwater

Powerful Essays
Open Document
Open Document
2221 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Value of Mission Statements: Comparrison of Whitbread and Headwater
A mission statement should focus on goals, clarify issues and outline visions and objectives. It should communicate the essence of the company to the employees, shareholders and to the public (Hassan, M 1988). Similar to this, Doyle (1998) points out, that a mission statement describes the purpose of the business and its essential characters.

A company without a mission statement is like the Cheshire Cat in Alice in Wonderland described; “If you don’t know where you’re going, it doesn’t matter which way you go.”

Most large corporations produce a “mission statement” to give a clear indication of the fundamental aims of the organisation. Whitbread and Headwater are two of those who established a mission statement.

Since 1985, Headwater is in the business of soft adventure travelling which includes guided and independent walking, cycling, canoeing and cross-country skiing in a number of destinations throughout Europe. Its philosophy is to provide customers with a real insight into local life and culture apart from mainstream tourism. Headwater holidays employs 23 employees headquartered in Cheshire and more than 30 part time employees oversees.

Whitbread are a leading force in the UK's leisure industry employing more than 80,000 people and operating more than 6,000 pubs, restaurants, hotels, shops and leisure clubs. Whitbread employees serve up to 10 million customers every week, in major chains like Pizza Hut, Hogshead, Beefeater, Marriott Hotels or David Lloyd Leisure. Whitbread Plc is headquartered in London and achieved turnover (2000) of GBP 2,951.4 million (Hoover, 2001).

The author will examine both mission statements to take a closer look at the aims and how they seek to achieve them. Both companies have their core business in leisure activities in general and aspire to be the market leader. There is a strong marketing spin on both statements.

Headwater Holidays
At Headwater, we recognise that being good is simply not enough. We need to be the best –



Bibliography: Jobber and Lancaster (2000), “Selling and Selling Management”, 5th edition, Pitman, London Lynch, R Murray and O’Discoll, (1996), “Strategy and Process in Marketing”, TJ International Ltd, Cornwall Palmer and Hartley, (1999), “The Business and Marketing Environment”, 3rd edition, Mc Graw-Hill Publishing Company, Berkshire Wilson and Gilligan, (1998), “Strategic Marketing Management”, 2nd edition, Butterwoth Heinemann, Oxford Papers: Hassan, M. (1988), “Starting and operating a new small business”, Cabrillo College, Watsonville Souster, C

You May Also Find These Documents Helpful

  • Better Essays

    Rothaermel Exercise 1

    • 1707 Words
    • 6 Pages

    References: Dontigney, E. (2014). 9 characteristics of an effective mission statement. Demand Media. Retrieved from http://smallbusiness.chron.com/9-characteristics-effective-mission-statement-18142.html…

    • 1707 Words
    • 6 Pages
    Better Essays
  • Better Essays

    The first mission statement I viewed was from the Human Services Benefits Company. Human Services Benefits Company 's philosophy is to provide unsurpassed customer services to all of our clients. We achieve our goals and those of our customers by specializing in insurance services and products specifically designed for human service organizations. We encourage active participation, which will…

    • 1099 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    Mission statements labels the company’s over-all purpose (Lou, A., 2014). It concentrates on how a company should operate, and serves as a plan for employees to follow. Mission statements considers products and services offered, the company’s appearance, worth and main concern.…

    • 537 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    According to Pearce and Robinson, “The mission of a company is the unique purpose that sets it apart from other companies of its type and identifies the scope of its operations,” (2009, p. 11). The mission statement is usually defined by the owners of the company, or it the company is large enough it will be discussed by the board of directors. Of course most businesses start our small and if they do well enough can become large corporations. Throughout this time and as the business grows they will need to update the mission statement to reflect the company at the present time.…

    • 1068 Words
    • 5 Pages
    Better Essays
  • Good Essays

    A mission statement is defined as “a statement of organization’s function in society, often identifying its customers, markets, products and technologies” (BOOK). Thus, the company Ben and Jerry’s has three individual mission statements: product, economic and social (“Our Values”). Furthermore, the product mission statement describes how the company aims to create good quality ice cream that impacts the earth and environment minimally (“Our Values”). Moreover, the economic mission statement is about creating an environment which benefits the company, stakeholders and the employees (“Our Values”). Lastly, the social mission statement explains how the company will “improve the quality of life locally, nationally and international” (“Our Values”).…

    • 136 Words
    • 1 Page
    Good Essays
  • Good Essays

    grand principals

    • 427 Words
    • 2 Pages

    Mission statements describe high level of principals & pledges from a firm and typically refer to some type of large social activities. Mission statements are designed to inform the public what their organization is about. They are supposed to make people interested in your business. Mission statements should be able to tell your audience about the organizations direction and future. According to Badaracco (1997) Most company’s mission statements do little to solve any real problems. According Badaracco (1997).Mission Statements are not always clear, they are often vague and constructed with little thought and do not cover a multitude of situations Badaracco (1997)…

    • 427 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Wheelen, 2010). Mission statements define a company’s purpose to the world. For example, my company’s mission statement is that we;…

    • 573 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    References: 1. J. Gallant, Editorial, Network World45 (1993). 2. P. Jones and L. Kahaner, Say It and Live It: 50 Corporate Mission Statements that Hit the Mark, Currency/Doubleday, New York (1995). 3. J. C. Collins and J. I. Porras, Organizational vision and visionary organizations, California Management Review34(1 ), 30-52 (1991). 4. R. D. Ireland and M. A. Hitt, Mission statements: importance, challenge, and recommendations for development, Business Horizons, May-June, 34-42 (1992). 5. F. R. David, How companies define their mission, Long Range Planning 22(1), 90-97 (1989). 6. J. A. Pearce, The company mission as a strategic tool, Sloan Management Review, Spring, 15-24 (1982). 7. J. Vogt, Demystifying the mission statement, Nonprofit World 12, 29-32 (1994). 8. S. Cummings and J. Davies, Mission, vision, fusion, Long Range Planning 27(6), 147-150 (1994). 9. S. R. Covey, Universal mission statement, Executive Excellence, March, 7-9 (1989). 10. J. W. Graham and W. C. Havlick, Mission Statements: A Guide to the Corporate and Nonprofit Sectors, Garland Publishing Inc., New York (1994). 11. G. Newman, Worried about vision? See an optometrist, Across the Board, October, 7-8 (1992). 12. C. K. Prahalad and G. Hamel, The core competence of the corporation, Harvard Business Review, May-June, 79-91 (1990). 13. T. S. Kuhn, The Structure of Scientific Revolutions, University of Chicago Press, Chicago (1970). 14. M. C. Jensen and W. H. Meckling, Theory of the firm: managerial behavior, agency costs and ownership structure, Journal of Financial Economics 3, 305-360 (1976). 15. S. E. Asch, Effects of group pressure upon the modification and distortion of judgements, Groups, Leadership, and Men, H. Guetzkow: 177-190 (1951).…

    • 7741 Words
    • 31 Pages
    Powerful Essays
  • Better Essays

    Dulux

    • 1735 Words
    • 7 Pages

    * Wilson, R & Gilligan, C (2005) Strategic Marketing Management (3rd edition), UK, Elsevier limited.…

    • 1735 Words
    • 7 Pages
    Better Essays
  • Powerful Essays

    In section 2.0, the report also uses the BCG matrix to classify and analysis the…

    • 7927 Words
    • 32 Pages
    Powerful Essays
  • Powerful Essays

    Doyle, P. and Stern, P. (2006), Marketing Management and Strategy. 4th Ed., Pearson: Prentice Hall.…

    • 5040 Words
    • 21 Pages
    Powerful Essays
  • Good Essays

    A mission statement is an official, written declaration that defines the fundamental function of a business, its values and goals. Mission statements are designed to be used as a guide to develop company strategies. Unfortunately, it is surprised to find out that Hong Leong Bank only possesses a vision statement but not both vision and mission statement. Their vision statement is “An Outstanding Financial Services Organization, Highly Competitive and Profitable, Where People Make the Difference”.…

    • 749 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Before an organization can focus on the strategic management of its objectives, there mustbe a vision and mission. According to David, a vision statement directs the association toward future goal or achievement in the long term and provides the foundation for developing a mission statement. An organization 's mission is referred to its reasons for existence, and reflects the organization 's basic purpose as a supplier of goods and/or services (David, 2009, p.83). It guidescurrent, critical and strategic decision making. The mission statement is a crucial element in the strategic management of a business organization. It serves as a building block for the development of more specific functional strategies.…

    • 1994 Words
    • 7 Pages
    Powerful Essays
  • Better Essays

    An organization’s mission statement is its reason for existence. It often reflects the core values and beliefs of the upper management in an organization. A mission statement is the broad definition of the organizational mission. It is sometimes referred to as a creed, purpose, or statement of corporate philosophy and values. A good mission statement inspires employees and provides a focus and direction for setting lower level objectives. It guides employees in making decisions and establishes what the organization does. Mission statements are crucial for organizations to prosper and grow. Its primary purpose is to guide the entrepreneur and assist in refining the planning process. By developing a strategic plan that incorporates the mission statement, entrepreneurs are more likely to be successful and stay focused on what is important.…

    • 1081 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    Vision and Mission

    • 1221 Words
    • 5 Pages

    preferably one sentence, and as many managers as possible should have input into developing the statement.…

    • 1221 Words
    • 5 Pages
    Satisfactory Essays