Vision, Values and Mission Statements

Articles > Business >��How to write vision, values and mission statements

How to write vision, values and mission statements

Reviewed by��Kathryn Uhles, MIS, MSP,��Dean, College of Business and IT

Woman at a white board, showing three colleagues how to write vision, values and mission statements

Every company will face important daily decisions as it develops. Rather than making each call independently, an organization can use its business plan as a guiding light, aligning each decision to its overarching goals and principles. Part of that plan are three elements that establish the purpose of a company, its goals and aspirations, and the ethics and principles that will guide it.

The importance of vision, values and mission statements in business strategy

Vision, values and mission statements are foundational elements of every company. Businesses without well-thought-out philosophies or frameworks lack direction, have weak company cultures and poor organization. Management may be unsure of what to prioritize, what kind of workers to hire and where to invest assets and human resources.

Here are some specific advantages of having mission, values and vision statements.

Clear foundational statements can��foster a positive work environment. They can help attract workers with the same values and interests as the company. These people are more likely to be passionate about their work and buy into the company’s long-term mission.
Well-planned statements can also��inform management styles within the organization. Professional values and ethical guidelines can guide personnel and disciplinary decisions and help craft workplace policies. Meanwhile, executives can make strategy, budgeting and resource allocation decisions using mission and vision statements as standards by which each is measured.
Mission and vision statements can ensure uniform messaging. Consistency is key to building a strong company image and running effective marketing and PR campaigns.

Investors, stakeholders and other businesses will also look at these foundational statements to assess the company’s suitability for investment or partnerships.

Anyone who has or��plans to start a business can benefit from knowing the differences between the three types of statements. Writing vision, values and mission statements is an essential skill.

Business ethics vs. personal ethics

It can be difficult to distinguish between personal and professional ethics.

A code of personal ethics governs individual activities. These rules come from upbringing, religious or philosophical beliefs, or experiences. They govern how to treat other people and make decisions during personal interactions.

Business ethics (or professional ethics) are different from personal rules. In a workplace setting, managers need to make decisions based on what is best for the company or employer. This professional code provides guidance with decisions such as hiring the best-qualified applicant (even with compassion for an unqualified candidate who needs the job more) or letting go of an employee who failed to meet expectations but has a strong, personal bond.

In most cases, personal and professional ethics exist side by side. But often in a company, the decisions should be based on what is best for business rather than what makes leaders feel the best personally.

Though companies should place importance on a code of ethics and values, it is also essential to remember they are guidelines that inform decisions rather than unbreakable rules. In many workplace situations, professional experience will make the correct decision apparent.

How to write vision, values and mission statements

Regardless of the size of a company, anyone involved in managing or starting a�� business��should be familiar with mission, vision and value statements.

Here are some parameters to keep in mind when crafting these business plan essentials:

Be concise: Statements should be clear and brief without unnecessary language or broad terms. The statements should be memorable enough that employees, customers and managers can easily recall them.
Be focused: It is tempting to add multiple clauses to these statements. However,��focusing on a single goal��or a set of closely related goals helps the statements serve their purpose of informing and guiding company actions.
Consider the time frame: It is important to remember that mission statements are for short-term planning, while vision statements focus on the future and values need to be applicable from the start of operations.

With strong mission, values and vision statements, leaders and owners can create a business plan that provides clear guidelines for operating, planning and developing a company.

How to write a mission statement

An organizational mission statement identifies a company’s goals. It should go beyond simply mentioning benchmarks and future aims to also include an explanation of how the organization will achieve its goals.

The statement is practical in and of itself because it helps with planning operations. Also, investors and stakeholders want clear information about company goals in order to make funding decisions and assess performance.

This statement also helps inform daily operations. Decision-makers can take specific steps based on where the company is in relation to its mission. In other words, it can serve as a road map for hiring, budgeting, investing and strategizing.��

Example mission statement

To write a mission statement, look to other companies first for direction. For example, LinkedIn®��offers a��that details its primary purpose. “The mission of��LinkedIn��is simple: connect the world’s professionals to make them more productive and successful.” With this sentence, LinkedIn��offers insight into its purpose and also into its brand and what it plans to focus on as it develops.

How to write core values statements

Core values��are the principles that guide operational and strategic decisions and goals. In many business plans, this step comes first. The company’s mission and vision need to fit with its founding principles.

It might be tempting to reduce a core values statement to marketing slogans about customer service or honesty. However, this aspect of a business plan is not meant only for external use. It includes a code of ethics��that will guide employees and management and help foster a strong company culture.

More and more employees��seek jobs that give them , strong relationships and work they feel passionate about. With well-defined values, a company can attract employees and executives who believe in the company’s culture and mission and embrace the shared sense of passion for the ultimate purpose of the company.

Core values are also practical for a day-to-day work environment. They provide ethical guidelines for dealing with clients, hiring employees and guiding behavior in the office. Clear rules ensure employees are aware of expectations about workplace actions.

How to write a vision statement

It is easy to confuse a mission and vision statement. Both have to do with an organization’s overall aims. While a mission statement takes a more practical approach to what a company plans to achieve from day one, a��vision statement��focuses on what a company aspires to become in the future. It explains how the business should look when it finishes its growth and development processes.

Because it is more aspirational, the vision statement may have less of an impact on day-to-day decisions. However, it does play a role in long-term planning, the formation of workplace culture, branding, and getting employees and investors to buy into the company’s plans.

Finally, many investors and employees want to be involved with ambitious organizations. Vision statements offer an opportunity to underscore this drive.

Example vision statement

Again, to write a vision statement, start by looking to successful companies for what a clear vision statement looks like. For example, Microsoft provides an example of an effective vision statement: “To help people and businesses throughout the world realize their full potential.”

Vision statements are typically more abstract. This allows the company flexibility to develop and adjust to current conditions in the economy and its industry without contradicting its long-term vision.

Southwest Airlines also provides an example of this with its vision statement: “To be the world’s most loved, most profitable, and most efficient airline.” Even if the budget carrier has to significantly adjust its operations due to passenger demand or fuel prices, it can justify these changes as necessary for moving toward its long-term aims.

Learn more about vision, values, mission statements and other business principles

Whether you are a new business owner or a business professional, you may be looking to gain career-relevant skills like how to write vision, values and mission statements. ��Ƶ offers many online��business programs��including:

Talk to a ��Ƶ admissions rep for more information.

ABOUT THE AUTHOR

A graduate of Johns Hopkins University and its Writing Seminars program and winner of the Stephen A. Dixon Literary Prize, Michael Feder brings an eye for detail and a passion for research to every article he writes. His academic and professional background includes experience in marketing, content development, script writing and SEO. Today, he works as a multimedia specialist at ��Ƶ where he covers a variety of topics ranging from healthcare to IT.

ABOUT THE REVIEWER

Currently Dean of the College of Business and Information Technology,��Kathryn Uhles has served ��Ƶ in a variety of roles since 2006. Prior to joining ��Ƶ, Kathryn taught fifth grade to underprivileged youth in Phoenix.