Relationship Between Mission Statement and Company Performance

Dermol, Valerij

doi:10.2478/v10316-012-0022-9

Cited by 30 publications

(32 citation statements)

References 25 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…In other words, the existence of a mission and its transparency has become essential for the successful functioning of any organization as a whole. In their work, Smith et al (2003) highlight some studies reporting that after the creation and introduction of mission statement, company performance increases for about 50% (Dermol, 2012). Bart et al (2001) found that mission statements could positively affect employee behavior which had a direct effect on firm financial performance (Kofi Darbi, 2012).…”

Section: The Effect Of Organizational Culture On Performancementioning

confidence: 99%

The impact of organizational culture on the ultimate performance of a company

Gavrić¹,

Šormaz²,

Ilic³

2016

Int Rev

View full text Add to dashboard Cite

The tendency towards the realization of profits, efficiency and growth of companies, emphasized in capitalism, has encouraged organizations to think about what is common for successful companies and what differentiates them from those considered unsuccessful. Thus, the organizational culture has become one of the most common themes in management theory and practice.As a means of regulating the conduct of an organization's members, organizational culture permeates all of its factors, manifesting itself as a cause and as a consequence of their behavior. Naturally, its impact can be felt in all aspects of the business, reflecting itself on the final results.Organizational culture should be cultivated, set in the function of company's success, but its negative impacts should be avoided.

show abstract

Section: The Effect Of Organizational Culture On Performancementioning

confidence: 99%

The impact of organizational culture on the ultimate performance of a company

Gavrić¹,

Šormaz²,

Ilic³

2016

Int Rev

View full text Add to dashboard Cite

show abstract

“…Content analysis is therefore largely applied in the study of mission statements [15,30,31,34,38]. The analysis was performed using QDA-Miner (WordStat 6 QDA Miner 3 Simstat, Provalis Research, 1255 Robert Bourassa St, Suite #1604, Montreal, QC.…”

Section: Methodsmentioning

confidence: 99%

“…Following this idea, other contributions have sought to rename, enlarge, narrow, or redefine these components without changing the main meaning [32,33]. Typical words or expressions are mentioned in the mission statements; Dermol [34], for example, identified the most common words.…”

Section: Introductionmentioning

confidence: 99%

Stakeholder Orientation in Cruise Lines’ Mission Statements

2017

View full text Add to dashboard Cite

Consistent with the extant management literature, mission statements are crucial for the sustainability and growth of any firms and have been considered to be a tool for the strategic management process. Despite the considerable attention awarded to this theme, the role of the mission statement in the strategic management of tourism firms has not been sufficiently highlighted. The present paper tries to bridge this literature gap and aims to (i) analyze the content of mission statements; and (ii) investigate the stakeholder orientation of cruise line mission statements. We apply a content analysis method to analyze the mission statements of 44 cruise lines, employing three different perspectives: (1) the inclusion of stakeholder groups; (2) mentions of specific "mission" components; (3) reference to four goals usually assigned to mission statements. The analysis was performed using the software package QDA-Miner. The results suggest that it is possible to identify four clusters of firms that present similar content in their mission statements, and that cruise companies tend to reserve a major attention to customers. This contribution presents some valuable research implications mainly useful for researchers and academics, but also maybe of benefit to professionals and investors.

show abstract

“…This is because of the statement"s specific content, rather than the mere existence of such a document, that makes a difference in firm performance (Bart & Hupfer, 2004). Yet, some authors point out, further empirical evidence is needed to support the links between the content of mission statements and performance outcomes (Dermol, 2012). A Study by (Omran, Atrill, & Pointon, 2002) mission significance found that there is no significant difference in shareholder returns between stakeholder-oriented and shareholder-oriented companies.…”

Section: Literature Reviewmentioning

confidence: 99%