The most important time for a company to develop a mission and vision statement is when the company is experiencing financial difficulty.

Question

Quizplus · Accepted Answer

Developing a mission and vision statement is important for a company at any stage of its development, not just when experiencing financial difficulty. A mission and vision statement should guide the company's strategic decisions and help align its employees and stakeholders around a common purpose and direction.

The Most Important Time for a Company to Develop a Mission