MGS 3400 Case Assignment 2 October 13, 2008 Mission and Values The work to be done In this assignment, the group must meet and work to define their overall mission statement and code of values. The mission should be a clear and succinct representation of your groups’ purpose for existence. It should incorporate socially meaningful and measurable criteria addressing concepts such as the moral/ethical position of the enterprise, public image, the target market, products/services, the geographic
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Elements of an Effective Vision Statement The vision statement, a key element of your strategic plan, needs to incorporate many elements. The following list contains elements that you can include in an effective vision statement (you don’t have to use every one, but keep them in mind when you’re writing or evaluating): * Audacious: Your vision represents a dream that’s beyond what you think is possible. It represents the mountaintop your company is striving to reach. Visioning takes you out
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Vision and Mission Submitted by: Maria Cathlyn Challie O. Genabe Submitted to: Prof. Jovita Polloso Date submitted: September 17, 2014 MERALCO: Vision and Mission MERALCO Vision statement To be a world-class company and service provider of choice Revised MERALCO Vision statement “To be a world-class distribution utility company and total energy solution provider of choice” The vision of an organization should answer the question on what the company wants to become. Although
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Our company is directed by the following mission statement: Partnering with other nonprofits in order to provide professional development and financial management skills to low-income families with a focus on improving socioeconomic status. For a mission statement to be effective, it must define a purpose for all stakeholders in a lasting way, along with being inspirational, clear, and consistent with company values (Abram, 2/27/2018). As author Stephen Covey once said, “We don’t invent our missions
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The W’s Mission Statements What is a mission statement? A mission statement defines every facet of the organization and why they exist. People might wonder how to differentiate a good mission with a bad mission statement. A bad mission statement uses jargon, it's too long, complicated to understand, and it does not communicate why, but rather how and what. In contrast a good mission statement, it’s a powerful, straightforward, and memorable sentence explaining what the business is. The mission
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Financial Accounting Standards Board ORIGINAL PRONOUNCEMENTS AS AMENDED Statement of Financial Accounting Concepts No. 5 Recognition and Measurement in Financial Statements of Business Enterprises Copyright © 2008 by Financial Accounting Standards Board. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission
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Product or Service Division of an Existing Business BUS/475 February 9th, 2015 Table of Contents Introduction …………………………………………………………………….... 3 V-Gym analysis…..………………………………………………………………. 3 V-Gym’s mission statement and vision ………………………………………….. 4 Values and guiding principles..,………………………………………….………. 5 Organization’s strategic direction and aims …………………………..…………. 6 Customers need satisfaction and Achievement of Competitive Advantage……… 6
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the accounting world you will be required to deal with the four financial statements, the balance sheet, the income statement, the statement of cash flows, and the owner’s equity statement. The purpose of the balance sheet is to reveal the economic/financial position of the company at a set point in time. The balance sheet follows the basic accounting equation, assets = liabilities + owner’s equity. The income statement is what an accountant uses to determine the operation of a business. You
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both good and bad information. In the past, selective disclosure was a serious problem for investors because insiders would frequently take advantage of information for their own gain - at the expense of the general investing public. Financial statements provide information about certain current conditions and trends that help users in predicting reporting entities’ future cash flows and results of operations. The quality of users’ predictions depends to a significant degree on their assessment
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inspection keeps a company honest and also reassures investors as to the financial status of the organization. Accountants must follow a common set of accounting principles, standards and procedures that companies use to compile their financial statements known as Generally Accepted Accounting Principles (GAAP) are a combination of authoritative standards and simply the commonly accepted ways of recording and reporting accounting information. GAAP rules attempt to cover such a broad field that it
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