Mission statements are often thought of as nonsense. But even guff has meaning, says our Bartleby columnist
But even guff has meaning. For investors in young companies in particular, the mission statement sends useful signals. It articulates what a firm does and gives clues to where its priorities lie. Such information matters all the more when founders exercise outsized voting power. The WeWork prospectus helped elevate the consciousness of investors that the property company had lost its marbles. WeWork ended up scrapping both its listing and its boss.
“We have not identified any potential business combination target, and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any potential business combination target,” runs a typicalMission statements contain multitudes in comparison. They can tell you which stakeholders matter most to a firm. A tiny handful of the non-s to have filed this month say their objective is shareholder returns .
The mission statement can also tell investors something about how technologically sophisticated a company is. Among this month’s filers there is a marked lack of flannel from GlobalFoundries, a big semiconductor firm. But for simpler products and services, it is not enough to describe what an enterprise does.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
More disease, more suicide: Study shows human cost of climate changeA new study showed how increasing temperatures likely mean more disease and more suicide among humans.
Read more »
17 TV Couples That Fans Fell In Love With And 17 They Ended Up Absolutely HatingSome things are meant to be.
Read more »
NASA to launch Artemis mission, first step to return humans to the MoonNASA aims to launch its uncrewed lunar mission Artemis 1 in February next year, the first step in America's plan to return humans to the Moon by 2024
Read more »
ENHYPEN on DIMENSION : DILEMMA’s Meaning, What Their Friendships Are Like, and Their Evolving Style.ENHYPEN on DIMENSION : DILEMMA’s Meaning, What Their Friendships Are Like, and Their Evolving Style
Read more »
Kellyanne Conway breaks down what Biden's sinking approval rating meansFormer Trump senior adviser discussed how Independents view Joe Biden Saturday on 'Watters World,' saying they see him as a 'product' of 47 years in Washington.
Read more »
Holly Willoughby's party reputation after claims she can 'outdrink Snoop Dogg'This Morning's Holly Willoughby is one of TV's hardest working stars - but that doesn't mean she doesn't know how to let her hair down in absolute style.
Read more »