Question

Mr Ahmed is planning to start a new business and particularly an edible oil factory. He has discussed with many experienced peoples and various experts of the edible oil industry, however, he intends to use his knowledge and capabilities to start the business. The only issue is to provide clear direction and successful strategy. What would you suggest Mr Ahmed to develop the vision and mission of the business

Answer 1

A Mission Statement defines the company's business, its objectives and its approach to reach those objectives. A Vision Statement describes the desired future position of the company. Elements of Mission and Vision Statements are often combined to provide a statement of the company's purposes, goals and values.

Answer 2

Explanation:

Mr Ahmed is planning to start a new business and particularly an edible oil factory. He has discussed with many experienced peoples and various experts of the edible oil industry, however, he intends to use his knowledge and capabilities to start the business. The only issue is to provide clear direction and successful strategy. What would you suggest Mr Ahmed to develop the vision and mission of the business