Free

MGT599 Mission/Vision & Stakeholders - Essay Example

Add to wishlist

Summary

The company was launched in May 1999 by its CEO Patrick M. Bryne (Overstock.com, 2014). Initially, the company sold surplus and returned merchandise on an online e-commerce…

Download full paper File format: .doc, available for editing

GRAB THE BEST PAPER95.8% of users find it useful

Read Text Preview

Subject: Business
Type: Essay
Level: Undergraduate
Pages: 1 (250 words)
Downloads: 4
Author: predovicviviane

Extract of sample "MGT599 Mission/Vision & Stakeholders"

MGT599 Mission/Vision & Stakeholders Overstock.com is an online retailer based in America with its headquarters in Cottonwood Heights, Utah. The company was launched in May 1999 by its CEO Patrick M. Bryne (Overstock.com, 2014). Initially, the company sold surplus and returned merchandise on an online e-commerce marketplace. This liquidated the inventories of at least 18 failed dot.com companies at below wholesale prices (Covell, 2004). But in the recent years, the company has expanded in selling of new merchandise.

The mission of the company is “we save people money” while its vision is “Overstock.com provides online shoppers the best value and a superior customer experience. We are honest, helpful, efficient, accountable and trustworthy, and we are committed to profitability and service. We want our colleagues and customers to feel At Home with the "O"” (Beebe, 2008, p.1). According to the company’s mission and vision, it is a caring company with a business model based on aiding its customers to save money.

The company’s customers and associates matter a lot to them. The company welcomes best and bright innovative works in an open environment to come up with the best solutions for complex problems (Dan, 2007). Entrepreneurs with mindset thrive because they are empowered to join leaders in making decisions. The company’s major stakeholders are; Williams & Williams and Salt Lake City.The company represents and advances the goals of its stakeholders through striving and providing its stakeholders with quality products at the best prices possible (Beebe, 2008).

In addition, the company makes effort to give them a level of service that they will never forget by making them want to come back for more (Nocera, 2007). The company provides its stakeholders with an environment that will help stimulate their creativity and innovation to allow them put their great ideas at work. ReferencesBeebe p. (2008). Overstock.com settles suit with research firm: The Salt Lake Tribune. Retrieved July 2, 2014,From: http://www.sltrib.com/business/ci_10713775Covell, J. (2004).

International Directory of Company Histories. FindArticles.com. 75, Retrieved 2008-03-22. Retrieved July 2, 2014,From: http://news.cnet.com/8301-1023_3-57324691-93/overstock-retreats-from-o.co-name-change/Dan M. (2007). Flames Flare over Naked Shorts. Retrieved July 2, 2014,From: http://www.nytimes.com/2007/01/20/business/20online.html?dlbkNocera J. (2007). Revisiting Overstock.com and Utah. Retrieved July 2, 2014,From: http://select.nytimes.com/2007/03/10/business/10nocera.html?_r=0Overstock.com (2014).

Who we are. Retrieved July 2, 2014, From http://www.overstock.com/about

CHECK THESE SAMPLES OF MGT599 Mission/Vision & Stakeholders

Strategic Management: Mission, Vision, and Stakeholders (SLP)

The main mission of Southwest Airline is to provide the highest quality of customer services along with offering customers a friendly and loving environment so that the organizational image can be maintain and customers can be satisfied. In addition to this, Southwest Airlines… The airline appreciates innovation and creativity to improve productivity and at the same time it cares and respects everyone within the organization (Southwest Airlines, Running Heading: Strategic Management: Mission, Vision, and stakeholders Strategic Management: Mission, Vision, and stakeholders [Name of Instructor][Course]Company MissionThe main mission of Southwest Airline is to provide the highest quality of customer services along with offering customers a friendly and loving environment so that the organizational image can be maintain and customers can be satisfied....

1 Pages (250 words) Essay

A good mission and vision state

In this context, a vision statement helps an organization to determine its future vision at the time of its establishment.... Thus, it enables the founders of the business or nonprofit organization to develop its goals and strategic policies in accordance with the vision that it has and desires to pursue in the long run.... The vision statement can be based on a period of 5 to 20 years, depending upon its mission statement.... The purpose of this paper is to identify the 5 criteria for developing an effective mission and vision statement....

4 Pages (1000 words) Coursework

Mission, Vision, and Value Paper

Effect on StakeholdersThe stakeholders of the company have been greatly benefitted so far along with the growth of the company.... Hersheys operations in other countries would bring even more rapid growth in the coming years rewarding the stakeholders manifold.... ission, vision and Value StatementsContinuing with the legacy of Milton Hershey, the company is committed to consumers, communities and children by providing high-quality products while conducting business in environmentally sustainable manner....

2 Pages (500 words) Essay

Mission, Vision and Values for the Company

Hence as a manager, you have to engage the various stakeholders of the company to be involved in activities that promote a positive outlook of the company.... Marketing manager in Stratsim company should bear in mind that core values are important in the growth of the company and that he should establish a good personal relationship with the various stakeholders.... Mission simply illustrates why companies exist, why the various stakeholders wake up in the morning and do what they do....

1 Pages (250 words) Article

CCTP Mission and Vision Statement

CCTP Mission and vision ment Mission ment In my room, I will strive to do everything I can in going beyond educating the students by teaching them on all available technology.... vision statement My students will be able to graduate with required skills that will aid their success in life and in being productive members of the society.... My vision is to make the students good communicators using technology in exploring new ideas for educating and teaching them....

1 Pages (250 words) Essay

Mission and Vision Statement

In the VA's Teacher Mission and vision ment: Veterans Affairs Strength Veteran Affairs (VA) coverage of service is comprehensive and covers all those who have served in one of the seven uniformed services who met the length of service and character of discharge requirements prescribed by law.... ew vision and Mission for Veterans Affairs The existing vision and mission of Veterans Affairs is curt but contains the essence of taking care of veterans....

2 Pages (500 words) Assignment

W2CapD Vision and Mission

What they believe they need or want to achieve in the long term would define the mission and vision that would be explicitly communicated to the rest of the stakeholders.... As described, “a vision statement expresses an organizations optimal goal and reason for existence, while a mission statement provides an overview of the groups plans to realize that… 1).... Wilkinson (2013) further explains that “while a mission explains the overall purpose of the organization – what you do, for whom you do it and vision and Mission al Affiliation vision and Mission What is the difference between a vision and a mission?...

1 Pages (250 words) Essay

Evaluating Vision And Mission Statements At Harley-Davidson

hellip; According to the report the mission statement of Harley-Davidson clearly mentions that the company is in the motorcycle business and therefore apprises the stakeholders of the basic product/service offered.... nbsp;Harley-Davidson's vision statement is lengthy and difficult to remember by heart so it does not possess the first characteristics of being brief.... THis essay presents that a careful analysis of Harley-Davidson's mission statement provided in the case study reveals that it has five of the eight characteristics of a good mission statement....

3 Pages (750 words) Essay