The most powerful tool in business strategy is your mission statement. It’s the philosophy that inspires your team, communicates your mission, markets your products, and makes you stand out. It’s a tool that gets everyone on the same page. Having a mission statement is not only good leadership advice, it’s just short of necessary to operate and succeed.
I feel like the mission statement is business strategy 101, and I should not need to explain this to people. But alas, it has come to my attention that many companies (including the company I work for) use no such tool. Crazy to me. It’s so simple, so inexpensive, and so effective. All it takes is a few words. Seriously, people. Write a damn mission statement. No excuses.