This essay focuses on mission and vision statement.The business will design, produce, and sell an innovative product to the biomedical industry.

mission and vision statement

Scenario Suppose you have been hired by a small group of partners who are in the process of starting a new business. The business will design, produce, and sell an innovative product to the biomedical industry.

The partners have a great deal of experience designing products but very little knowledge about starting a business.

Due to the sensitive nature of the new business, you feel that the partners need to develop. A code of ethics and a mission and vision statement for the company. They do not agree. You need to write a  paper (a document providing information on a topic) to convince them that  an important step in establishing a new business. Instructions Base on the scenario above, develop a white paper on the importance of and a code of ethics. Use the Week 4 Assignment Template [DOCX] to develop your white paper with the following sections

Explain the purpose of mission and vision statements using real-world examples and supporting evidence.

Key Elements of Mission and Vision Statements. Identify key elements within mission and vision statements and explain why the elements are important for a company. Purpose of a Code of Ethics. Explain the purpose of a code of ethics and why the code should be directed toward all stakeholders. Including leadership, employees, and customers. Key Elements of a Code of Ethics. Identify key elements within a code of ethics and explain why the elements are important for a company.

Relationship Between a Company’s Mission and Vision Statements and Its Code of Ethics

Explain the relationship between a company’s mission and vision statements and its code of ethics in terms of strategic management. Role of Leadership in Promoting and Supporting the Mission, Vision, and Code of Ethics. Explain the role of an organization’s leadership in promoting and supporting the mission, vision. And ethical principles of the organization, and discuss the consequences of a leader who fails to promote and support. The mission, vision, and ethical principles of the company.

Your white paper should be 3–5 pages in length, well organize, and written in clear, succinct language. Follow current APA rules for attributing sources that support your analysis and conclusions. Academic Integrity and APA Formatting As a reminder relate to using APA rules to ensure academic honesty. When using a direct quote (using exact or nearly exact wording), you must enclose the quote wording in quotation marks, immediately follow an in-text citation.

Submission words

Firstly. most

Secondly, now

Thirdly, from

Further, when

Further, where

Lastly, during

Least, be

Finally, but

In addition, hence

In conclusion, for