Vision, mission, and values statements serve as the foundation for a successful strategy and execution. They convey the objectives, direction, and underlying values of the organization. A purpose statement often goes hand-in-hand with these concepts but is nonetheless distinct. A purpose statement defines a company’s reason for being through the lens of how its products or services affect people’s lives. It provides overarching clarity for organizational strategy.
We like to conceptualize these different North Star statements as different parts of the human body.
Taken all together, these North Star statements help your employees, customers, and investors understand what your organization is fighting for… and how it’s going to win that fight.
To get started, click here to download our free North Star statements eBook and a list of 250 purpose, mission, vision, and values statement examples.
The purpose statement answers the question of why your organization exists, beyond profit. What is your company’s core reason for being? What does it stand for? Where does it have a unique, positive impact on the world? It speaks to the soul of the organization, guiding mission, vision, and values.
A purpose statement should be inspiring and ambitious. It uses powerful wording, but it is not vague. It states the outcome of what your organization wishes to achieve or the difference your organization will make. A purpose statement doesn’t have to be aimed only toward employees or customers, it can also be applicable and motivational to a broad array of stakeholders.
When writing a purpose statement, consider the following questions:
Best Practices Video
Bâton Global's shares our secrets learned from helping organizations worldwide write winning Purpose, Mission, Vision and Value statements.
The vision statement describes the future of the organization. It reveals what the company aspires to be or hopes to achieve in the long-term. The vision statement is inspirational and motivational but also provides direction, mapping out where the organization is headed. In this regard, it serves as a guide for choosing current and future courses of action.
An effective vision statement should be concise, unambiguous, futuristic, realistic, aspirational, and inspirational. It shouldn’t be generic but rather, focus on outcomes specific to the organization.
When writing a vision statement, consider these questions:
The mission statement defines what you do and for whom. It guides the day-to-day operations of the organization, communicates to external stakeholders the core solutions the organization provides in society, and motivates employees toward a common near-to-medium term goal. In short, the mission statement paints a picture of who the company is and what the company does.
A good mission statement should only focus on what is most important to the organization. It should be brief, clear, informative, simple, and direct. It should avoid elaborate language, clichés, and generalizations and it should emphasize outcomes and the people the organization is serving.
When writing a mission statement, consider the following questions:
Values statements (or core values) specify an organization’s core principles and philosophical ideals. It is used to both inform and guide the decisions and behaviors of the people inside the organization and signal to external stakeholders what’s important to the company. An organization’s core values shape daily culture and establish standards of conduct against which actions and decisions can be assessed.
A values statement should be memorable, actionable, and timeless. The format of the values statement depends on the organizations; some organizations use one, two or three words to describe their core values while others provide a short phrase.
When drafting a values statement, some questions to consider include:
Gusto
Patagonia
To get started, click here to download our free North Star statements eBook and a list of 250 purpose, mission, vision, and values statement examples.
Purpose, vision, mission, and values statements are the guiding forces behind an organization. The purpose statement answers the question why your organization exists; the vision statement provides insight into what the world looks like when you achieve your why; and the mission statement communicates how your brand is going to achieve your why and for whom. Underpinning your why, how, who, and what is your values, which reflects the behaviors and principles that guide your organization’s operations. Together, purpose, mission, vision, and values are the North Star statements that provide strategic direction for your organization, informing current and future business strategies.
Our team at Bâton has tremendous experience and expertise developing these strategic North Star statements… and aligning execution to these aspirations. If you would like to meet with one of our experts, please feel free to call or email us at any time (+1.234.BGlobal or bg@batonglobal.com).
To get started, click here to download our free North Star statements eBook and a list of 250 purpose, mission, vision, and values statement examples.
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