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The mission statement (MS) is the most used organizational strategic planning tool worldwide. The relationship between an MS and an organizations financial performance has been shown to be significantly positive, albeit small. However, an MSs relationship to the macroeconomic environment and to organizational innovation has not been investigated. We implemented a Structural Equation Modeling using the SCImago Institutional Ranking (SIR) as a global baseline sample and assessment of organizational research and innovation (RandI), an automated MS content analysis, and the Economic Complexity Index (ECI) as a comprehensive macroeconomic environment measure. We found that the median performance of organizations that do not report an MS is significantly higher than that of reporting organizations, and that a path-dependence driven by the States long-term view and investment is a better explanatory variable for organizational RandI performance than the MS construct or the intermediate-term macroeconomic environment.
The mission statement(s) (MS) is one of the most-used tools for planning and management. Universities worldwide have implemented MS in their knowledge planning and management processes since the 1980s. Research studies have extensively explored the c
This study reports on the current state-of-affairs in the funding of entrepreneurship and innovations in China and provides a broad survey of academic findings on the subject. We also discuss the implications of these findings for public policies gov
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