Identify and discuss the five questions that should be answered by a good mission statement.

a. Why do you think some firms have mission statements that do not answer these basic questions.
b. Does your company's mission statement answer these questions?

PART A

The five questions are as follows

What is my risk tolerance?

How fast am I able to move?

What is my access to capital?

Who do I need to help me get there?

Do I have the capacity that I need to make this journey?

PART B

They where not carefully prepared

They lack the competence required to make a good mission statement

Lack of adequate knowledge about the Organisation

PART C

YES.

Explanation: Mission statement is a short and brief description of why an organisation exists and what are the goals of the Organisations, mission statement are also a statement of what the company wants to achieve.

A good mission statement should ensure that has considered the RISK TOLERANCE LEVEL OD THE ORGANISATION AS IT REGARDS TO INTERNAL AND EXTERNAL THREATS,THE PACE OF THE ORGANISATION, AVAILABILITY OF RESOURCES LIKE FUNDS,WHO ARE THE PEOPLE THAT THE ORGANISATION NEEDS TO ACHIEVE ITS MISSION AND THE AVAILABILITY OF COMPETENT MANPOWER AND THE NEEDED CAPACITY TO ACHIEVE THE MISSION.

Some of the issues that affects a mission statement is when people who are not competent or don't understand the concept of a mission statement or the Organisation are asked to prepare one,it will fail to put these five questions into consideration etc.

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