Question

By understanding its core values, an organization can take steps to define its __________, a statement of the organization's function in society that identifies its customers, markets, products, and technologies.

Answer 1

Answer:

By understanding its core values, an organization can take steps to define its mission, a statement of the organization's function in society that identifies its customers, markets, products, and technologies.

Explanation:

The core value of a company can be defined as the enduring principles that govern it's fundamental conduct towards attainment of it's goals. It is usually a passionate pledge on the principles that the organization stands for. The founders of the company or organization are usually the authors of an organization's core values since the founders  can be seen as the embodiment of the principles that they believe and live by. They strive to capture the organization's heart and soul in order to motivate it's employees, stakeholders and board of directors to drive the organization in such a way that the organization will be a reflection of it's core values.

Once the core values of an organization are understood, the organization can take steps to define its mission. The mission statement tends to define it's role to the society that identifies its customers, markets, products, and technologies. The mission statement should be brief, understandable and concise.