Assessment task [L01; LO2] Task 1. Provide a short overview of your business structure using the template text below. 20 Marks. Your mission statement should be no more than 100 words. Mission Statement Template Answer these questions to find details and structure for your mission statement. 1. Explain your company's product Guidance Are you selling a product or service? Or is it Non-profit Why should customers buy your product or services? or service offering. What problem(s) is your product or 2. Identify your company's core values. 3. Connect how your company's offering (product or services) aligns with your values. 4. Condense these statements into one. services solving for the customer? What makes your company unique? State exceptional things that your company does. What do people (internal and external stakeholders) think of when they hear your company's name? How does your company offering serve your core values? You need to tie your company's offering and core values in a way that makes sense to the public. You need to state, 'the what', 'the who' and 'the why' of your company: What: The company offering Who: Who you're selling to? Why: The core values you do it for. Answer Guidance This question requires you to provide a "Mission Statement" for your choice of business idea. The Mission Statement should be no more than 100 words or a paragraph. To create a Mission statement, you have been provided with a template guide. The template guise contains five (5) questions which will guide you in preparing a final or summary Mission Statement You are required to provide answers to each of the five questions based on your business idea of products/services. Marks will be awarded based on how well you have answered each of the five questions. The final/summary "Mission Statement" for your business idea will be marked on the ground that the answers to the five questions is in sync with the final Mission Statement provided. Refer to Session 2 of the lecture slides. For high marks, you must provide definitions and descriptions of subject areas. Your explanations must underpin on the importance of "Mission Statement" to Organisations. The quality of answers provided to the five questions in the template will also attract higher marks. 5. Make sure it's clear, concise, and free of fuzz. This is when you clarify and perfect your mission statement once you have successfully conveyed your message. Your statement should clearly outline the purpose of your company offering and demonstrate the common goals your company is working to achieve.