What are the factors that ompact on formulation of a mission statement?

The factors that impact mission statement formulation are all the stakeholders such as customers, shareholders, employees as well as the vision of the company, the products, markets and technologies that are employed. Other factors should also be considered such as the socio-economic climate within which a company operates as well as the laws that govern that environment. Consideration must also be given to the geographic footprint of an organisation. These factors would have the most critical impact on mission statement formulation. Dayalan Pillay Unisa Hon student