A Comparison Between the Mission Statements of Nike and Home Depot Essay

Two mission statements will be reviewed in this paper. They are Home Depot and Nike. A mission statement is a statement created that describes why the company exists, what the company actually does and what or who their target market is. (Abraham, S.C., 2012). The mission statement should include what makes the company unique over and above all others. It should answer what the company does and its reason for existing. During the course of its survival, a company should continually review the mission statement and be sure that it is strategically still valid for them and will continue to move their company forward.Home Depot Home Depot is an innovative company that sells supplies to builders, home renovators, and the self-help builders, who wants to do projects on their own. Rather than having one mission statement, they have a mission statement and eight (8) values that are designed to guide its employees at all levels. (Farfan, B. 2014) Their mission statement is to provide the highest level of service, the broadest of selection of products and the most competitive prices. (Ferguson, 2015).These values includes (Farfan, B. 2014)1- Excellent customer service- The company is putting customer service as well as the product first on its list to benefit the company. It gives the customers advice on the use of all merchandise purchased, so there will be few returns. 2- Taking care of our people- It states that the key to our success is treating people well (Farfan, B. 2014). By treating people well, it is treating them as a person would want to be treated under any circumstance. This is achieved by encouraging the associates to take risks and by rewarding good performances. The associates are also encouraged by leading and developing their growth in the company. 3- Giving back- By giving time, talent, energy and resources to many worthwhile causes in a community is beneficial to the company as well as the...

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