An effective mission statement should do all of the following except:

Question

Quizplus · Accepted Answer

An effective mission statement should be inspiring, reveal the firm's values and principles, identify the utility of a firm's products, and sometimes show the firm's commitment to environmental and social responsibility. However, it should not include monetary amounts, numbers, percentages, and ratios, as those are more specific to financial statements and reports. A mission statement should be more broad and encompassing of the company's overall purpose and goals. "Be reconciliatory" is also not a necessary component of a mission statement.

An Effective Mission Statement Should Do All of the Following