A firm's philosophy in a mission statement addresses the question, "What is the firm's distinctive competence?"

Question

Quizplus · Accepted Answer

A firm's philosophy in a mission statement typically addresses the firm's core values and beliefs, not its distinctive competence. Distinctive competence is more about what the firm excels at specifically in comparison to its competitors, which might be detailed in other strategic documents but is not the primary focus of a mission statement.

A Firm's Philosophy in a Mission Statement Addresses the Question