May 20, 2011 / 7:30 PM / 8 years ago

Management Tip of the Day: Focus your mission statement

BOSTON (Reuters Life!) - Developing an effective mission statement is more than just a quick wordsmithing exercise, says Harvard Business Review.

The Management Tip of the Day offers quick, practical management tips and ideas from Harvard Business Review and ( Any opinions expressed are not endorsed by Reuters.

“An effective mission statement is a strategy: it must be a clear description of where the organization is headed in the future that distinctly sets it apart from others.

Developing a mission statement shouldn’t be a quick wordsmithing exercise. As much time and energy should be devoted to writing a mission statement as is to creating a sales and profit budget.

And the process should involve the staff and the board to ensure that everyone embraces the organization’s strategic direction and is willing to be held accountable for it.”

-Today’s management tip was adapted from “How to Create an Effective Non-Profit Mission Statement” by Francis Pandolfi.

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