why does a corporate must understand corporate mission and vision in developing corporate policy?

Expert Solution

Ans. The foremost essential thing of corporate is the set a mission and vision of the corporate policy. Without a vision and mission , company is like a riding horse with no direction. It provides a purpose to the organisation and the employees and are essential in defining future goals and organisational strategy. Vision is a long term goal where as mission is a combination of short term strategies and goals to achieve the vision. Without vision , developing a corporate policy is waste because doing a thing without purpose have no meaning. They help in making a step by step strategy for the organisation and improves efficiency and productivity.

This is why corporate must understand mission and vision in developing corporate policy.

keosha answered 2 years ago

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