Thursday, March 25, 2010

Business Mission Statement

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Marketing Affects Your Life Every Day

About half of every dollar you spend pays for marketing costs, such as marketing research, product development, packaging, transportation, storage, advertising, and sales expenses. By developing a better understanding of marketing, you will become a better-informed consumer…you will be better prepared to demand satisfaction when the goods and services you buy do not meet the standards promised by the manufacturer or the marketer. (Lamb Hair McDaniel MKTG Chapter 1 page 12)

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The mission statement is defined by the book as “a statement of the firm’s business based on a careful analysis of benefits sought by present and potential customers and an analysis of existing and anticipated environmental conditions.” What is important is that the mission statement is also the foundation of any marketing plan which answers the question “What business are we in?” This gives direction to all present and future decisions since it is the statement of the company that you will be following, so it is not to be taken likely.
Experts agree that a relationship between the salesperson and customer will always be necessary.
(Lamb Hair McDaniel MKTG Chapter 16 page 259)


On my mission statement I wanted something to do with the freshness of the product and the quality of the ingredients. Other key words would include “renewable, green and rugged.” Since the fragrance is also cast in a Mediterranean setting with ingredients from Italy, my product name would also be in Italian. “Quest’ la vita” means “this is life.” My mission statement is simple stated:

“Quest’ la Vita offers a fun, unique fragrance profile reminiscent

of a Mediterranean lifestyle designed from high quality, fresh

Italian ingredients with a commitment to promote business practices

that support green, renewable sources.”



This mission statement focuses on the market the fragrance is trying to serve while incorporating a green message.
Advertising strategies are typically organized around advertising campaign.
(Lamb Hair McDaniel MKTG Chapter 15 page 229)