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Home Depot Mission Statement Analysis

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Mission Statement
A mission statement is defined as a “concise statement of a company 's reason for being, what it actually does, and for whom. A mission statement answers the questions, "What do you do?" and "What is your raison d 'être (reason for being)?" (Abraham, 2012) The reason or purpose of a mission statement is a written expression of purpose. It’s the overall reason an organization exists. Having a clear mission statement that is well disseminated within an organization facilitates strategic planning and setting priorities based on the needs of current and potential clients.
Home Depot
Mission Statement
The Home Depot is a home improvement and building supply retailer. The Home Depot provides a number products and services to …show more content…

Diversity is a commitment of Home Depot. They state that “everyone has value, regardless of gender, ethnic, or educational background” (Homedepot.com, 2013) A strong lasting relationship with their associates, those in the communities, and the customers is one of the many factors that Home Depot appreciates and values about its culture. Diversity is the main focus with Home Depot. This is their platform for success. The company believes that diversity is the …show more content…

A vision statement is “a concise expression of where the organization would like to see itself in the next 5 or 10 years.” (Abraham, 2012) However, mission of Nike does mostly recognize the business we are in, specifically the sports and fitness industry. But it is not exact as to what products and services are provided. Their mission statement also fails mention any supply channels and customers, instead it portrays management’s beliefs and values of their aspiration to be number one and to maintain that position in the sports and fitness industry. When you think of a mission statement you think of a mission or purpose. The mission statement focuses on the present. In closing, Home Depot’s mission statement meets the criteria of a mission

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Their mission will guide them to make more informed choices about what they fund, give support to, and why they started their organization. Their vision statement

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Envision a Mission for an Athletic Department At its core any program, including an athletic department, must have a set of core values and a mission statement, for which they can fall back on and follow. In addition to this mission, the department needs employees with a proper skill set and attitude to help move the company in the right direction, in accordance with the departments vision. A mission statement sets the tone and direction for a company, program or department. In addition, an institution is only as strong as their employees working towards that vision.

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Why is it important for colleges to have a mission statement? It is important for college universities to have mission statements because it indicates what the college academic policy offers students. Mission statements should provide the organization’s purpose and sense of direction while making the university look attractive within the organization to incoming students. A successful mission statement should be able to covey ethos, pathos and logos in some sort of way which will be used in principles of the mission statements. In this paper I will be evaluating, analyzing and comparing the three mission statements that I picked from University of North Carolina at Wilmington, Coastal Carolina University, and University of Florida along

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Vision: “To be our customers' most valued and trusted business partner”. Since mission statements do not ordinarily say how companies execute their mission, Sysco Corp ought not to be viewed on different

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It concentrates on creating sensations, conveying feelings and value for the customers. The best example of all, one of the greatest marketings that the world has even seen, Nike. Nike’s advertises never talk about their products instead they honor great athletes, inspires everyone to be who they are or who they want to be. Nike represents the passion, the crossing limits and the honor. When you think about Nike, you never think of a company that sells shoes, in fact, they do sell a commodity, you think about the whole experience and accomplishing your

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Mission statements are typically future focused and are not essentially constructed on present-day. They should be a reasonable viewpoint from which to look down the road. These statements should not bound the development of the organization’s premises through incorrect

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- Diversity brings a variety of ideas and viewpoints to the organisation especially when creative problem solving is required. - Diversity increases passionate workers and makes work fun and

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A mission statement is very different from a vision statement. A mission statement is when a company is explaining what there purpose is for the company, and a vision statement is explaining the goals that the company wants to reach in the near future (statement & Williams, 2016). If a company does not have a mission statement, then it will be a company running with no purpose or reason. Any business should have a mission statement. It is important to explain what your goals are and what services you are offering to the public.

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Goals Nike focuses on pursuing opportunities and improving their product to enhance the human potential. Thereby they create product, services and experiences for athletes helping them overcome limitations such as climate and road types. Core Competency and Sustainable Competitive Advantage Nike’s have maxims to help Nike employees to create better products and provide better services for the customers. Henceforth creating better customer value compared to companies.

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Diversity Diversity is about celebrating and valuing people’s differences and looking at their differences in a positive way. When you recognise individual’s differences it can benefit society as everyone has something different about them and will be able to contribute something different. Examples of diversity • In relation to enjoying and achieving – Having gender specific toys available to be used by all and carrying out activities that reverse the usual gender roles. •

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But my favourite part of Nikes whole mission statement is when they say “if you have a body, you are an athlete” because personally I feel that this is very effective and motivational because in them saying this in their mission statement they are saying that you don’t have to have or be a specific body type to be an athlete, you don’t have to be thin and it doesn’t matter if you are fat, as long as you have a body-you can be an

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It relates to the purpose of the company and what they want to achieve in the future. The mission goes beyond the vision as it explains the company’s goals and objectives more clearly. It also mentions how this will be accomplished. The last step is to create a strategy based on the defined vision and mission. (Miller, 2014) Tesla’s mission is ‘to accelerate the advent of sustainable transport by bringing compelling mass market electric cars to market as soon as possible’.

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Furthermore, the company is efficient at measuring their diversity goals. As proven earlier, the company measures diversity’s impact by the “representative mix on the board of directors” (Cañas, Sondak 2014). However, other ways the company measures their success through satisfaction surveys, the percentage minorities hired and by setting number goals, such as hiring 25,000 veterans and military spouses by 2025.

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Therefore, the importance of having a basic organizational philosophy, one that “anchors and provides context for strategic planning” (p. 23) is significant if an organization is trying to assess specific outcomes, establishing a proper mission statement provides a guide for individuals.

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Today’s most business primary concern is retaining workforce diversity. Recognizing the importance of diversity in the organization and effectively manage to ensure the organization and its valuable diverse employees are growing hand in hand. Rising of immigrants’ employment opportunity, joint venturing business globally has equally brought an opportunity for shared values, exchange of cultures and intelligence to widen the opportunity for business enterprise and also a platform for employees to reach target goal.

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