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Tool Corps Mission Statement

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Submitted By ams005
Words 1579
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Unit 1 Individual Project
Student Name
Student University
MGT 680: Dr. ___________
May 11, 2014

Abstract
The following discusses the process of creating a mission statement for fictitious company ToolsCorp Corporation and writes the company’s mission statement is using the nine essential components framework. This report focuses on the principles and tools needed to implement and evaluate the effectiveness of the strategic objective process. Lastly, this report considers any legal and ethical issues.

Unit 1 Individual Project
The following discusses the process of creating a mission statement for fictitious company ToolsCorp Corporation and writes the company’s mission statement is using the nine essential components framework. This report focuses on the principles and tools needed to implement and evaluate the effectiveness of the strategic objective process. Lastly, this report considers any legal and ethical issues.
Launching a new business rests on a vision, or a set of beliefs, that the business can offer a product or service to consumers in a specific at a profitable price (David, 2013, p. 44). As a business grows, it is necessary for owners or managers to revise the company vision and mission. The original ideas are typically exhibited in the revised vision and mission. ToolCorp Corporation, located in Tennessee, produces power tools, lawn equipment such as mowers and furniture, as well as microwave and range appliances. This company has a booming business in the United States and Canada, but its current strategic initiative is to enter the global marketplace.
Vision and mission statements
A clear vision statement answers the question, “What do we want to become?” and lays the groundwork for creating a mission statement (David, 2013, p. 45). The mission statement is a statement of purpose that defines what a company wants to be and

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