Assignment 4

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BM133 Introduction to Small Business Management: Assignment 4

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Mission and Vision

Prior to Assignment, discuss the following quote: “Visionaries look into the future and see things not through the lens of current reality, but through the lens of future possibility”. – Kara Claypool

Description:

1) Work in groups of 3-4 and research online the examples of vision and mission statements that different companies have. Pay special attention to how they describe a company’s fundamental idea, goals and competitive advantages.

To start, read the following article: Difference Between Vision and Mission Statements: 25 Examples https://www.clearvoice.com/blog/difference-between-mission-vision-statement-examples/

2) Share what you think are the most interesting examples with the rest of the class. Then, in one paragraph (5-6 sentences) write a summary of what you shared with the class about what you think are the most interesting vision and mission statements and why.

3) Think about a business you would like to start. Feel free to use the same idea of a business you have selected for your Capstone Project. Formulate the mission and vision statements of your business.

Keep in mind that a mission statement focuses on the business today: what the business does, whom it serves and how it serves them. A vision statement focuses on the future: the business’s purpose, aspirations, what problem they are solving, and who and what is it inspiring to change.

4) Submit your original mission and vision statements to the Assignment 4 Dropbox folder on D2L.

FOR INSTRUCTOR USE ONLY

Grading Rubric – Assignments

Grading: 90-100 = Represents work of superior quality (A); 80-89 = Represents work of good to very good quality (B); 70-79 = Represents adequate command of class content (C); 69 and below = Represents work that shows a need for development or improvement (F); 0 = Represents plagiarized work (F).

Grading accepts a start value of 100. Points will be deducted for failure to fully complete or meet the stated requirements.

BM133: Introduction to Small Business Management (BCP)

Student:

Instructor:

Date:

Assignment 4: Mission and Vision

Description of requirements

Possible Points

Your Points

In one paragraph (5-6 sentences) wrote a summary of what you shared with the class about what you think are the most interesting vision and mission statements and why.

35

Your original mission and vision statements for your business

40

Overall content has clarity and adequate supporting details

10

Formatting - margins and font size appropriate

5

Assignment was submitted by due date

10

TOTAL

100

YOUR SCORE: ________

Instructor Comments: