The annual Bain 2003 global survey of companies finds that managers are using more tools than ever to make headway in tough times. On average, the companies surveyed used 16 tools in 2002 with the heaviest reliance on tried and true “compass‐setting” tolls such as strategic planning,...

This paper aims to explore how differently corporate enterprises and social enterprises strategically position themselves through their mission statements. The most notable distinctions between the mission statements of both groups exist in the degree of action orientation, endorsements of...

Mission statements (MSs) are one of the most widespread managerial practices. However, a deeper understanding of the relationship between MS's characteristics and firms' financial performance is still necessary. The vast majority of the research on this topic has been performed on companies of...

Frances Hesselbein is the former Chief Executive Officer of Girl Scouts of the U.S.A and the founding President of the Peter F. Drucker Foundation for Nonprofit Management. In this interview she describes her first encounter with Drucker at a reception in New York, where she met him, “…quite...