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objectives that are derived from their mission statement, create somewhat a clear standard of their cost, time, and performance assessment, and it has been working well so far.
2.2.
Characteristic of a Mission Statement
A Declaration of Attitude A mission statement is more than a statement of specific details; it is a declaration of attitude and outlook (David, 2013)
. A good mission statement sets the company‘s objectives
and strategies
without limiting the management‘s creativity. It also needs to be broad enough to reconcile the stakeholder‘s differences. Moreover, a good mission statement indicates the
relative attention that the organization/company will devote to; it reflects judgments about future growth directions and strategies that are based upon forward-looking external and internal analysis. In case of
Zara‘s
mission statement, based on what is stated on the website and quoted on this paper, it is said that through its business model, Zara aims to contribute to society development and environment sustainability. That is their objective and the attention that they devote to. Zara states that an eco-friendly company is what their direction is, other than
fulfilling their consumer‘
s fashion needs. Furthermore, Fred David on his book summarizes nine Characteristics of a Mission Statement, they are: 1.
Broad in scope 2.
Less than 250 words in length 3.
Inspiring 4.
Identify the utility of a firm‘s products
5.
Reveal that the firm is socially responsible 6.
Reveal that the firm is environmentally responsible 7.
Include nine components 8.
Reconciliatory 9.
Enduring In Zara case, we can conclude that it is broad in scope. It clearly states their mission statement and differentiated from their objectives, though the two are still aligned one another. The length also does not exceed 250 words. However, in our opinion, their mission
7
objectives that are derived from their mission statement, create somewhat a clear standard of their cost, time, and performance assessment, and it has been working well so far.
2.2.
Characteristic of a Mission Statement
A Declaration of Attitude A mission statement is more than a statement of specific details; it is a declaration of attitude and outlook (David, 2013)
. A good mission statement sets the company‘s objectives
and strategies
without limiting the management‘s creativity. It also needs to be broad enough to reconcile the stakeholder‘s differences. Moreover, a good mission statement indicates the
relative attention that the organization/company will devote to; it reflects judgments about future growth directions and strategies that are based upon forward-looking external and internal analysis. In case of
Zara‘s
mission statement, based on what is stated on the website and quoted on this paper, it is said that through its business model, Zara aims to contribute to society development and environment sustainability. That is their objective and the attention that they devote to. Zara states that an eco-friendly company is what their direction is, other than
fulfilling their consumer‘
s fashion needs. Furthermore, Fred David on his book summarizes nine Characteristics of a Mission Statement, they are: 1.
Broad in scope 2.
Less than 250 words in length 3.
Inspiring 4.
Identify the utility of a firm‘s products
5.
Reveal that the firm is socially responsible 6.
Reveal that the firm is environmentally responsible 7.
Include nine components 8.
Reconciliatory 9.
Enduring In Zara case, we can conclude that it is broad in scope. It clearly states their mission statement and differentiated from their objectives, though the two are still aligned one another. The length also does not exceed 250 words. However, in our opinion, their mission
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