BUS FP3007 Assessment1 1.docx BUS_FP 3007 Mission, Vision, and Ethics in Organizatio

BUS FP3007   Assessment1 1.docx    BUS_FP 3007  Mission, Vision, and Ethics in Organizations  Capella University   Mission, Vision, and Ethics in Organizations  A business in today™s political and societal climate, must constantly readjust to align with its stakeholders and own objectives. In a critical and sensitive time for this country it is the core beliefs of a business that will guide critical decisions and maintain its purpose. This is extremely vital to new businesses success, at inception establishing principles by which a company will proceed is vital and can aid businesses and its leaders in achieving their vision. These core  beliefs in which companies are built upon are echoed in mission and vision statements, both of which are a fundamental key to a business™s prosperity.  What Are Mission and Vision Statements?  A mission statement defines a company™s precise purpose and reason for existence. It further explains how it will serve its stakeholders and its approach to reach those objectives.  A vision statement describes what a company plans to achieve in the long run. It sets forth a clear vision of what the company will look like in the future and aspires to achieve. What purpose do mission and vision statements serve?  Businesses come into existence to serve a precise purpose. Mission and vision statements depict what that purpose is, as well as declare the businesses aspirations. œFirms with clearly communicated, and widely understood, and collectively shared mission and vision have been sho