Nevertheless, employees represent capital, indeed, they are often a company's largest investment. By systematically training, nurturing, reviewing, and culling its human resources, a company has a better chance of realizing significant returns on this valuable asset. A literature survey suggests that establishing a policy starts with setting the number of permissible absences and then issuing and explaining a written policy to all employees. Next, set guidelines for enforcement and make sure supervisors set a good example. Mona Buschak, Christa Craven, and Robert Ledman Mission Statements Revisited No less a management guru than Peter Drucker believes that a well crafted, plausible mission statement can make a difference to a company's chance of success.
Few companies can fail to benefit from focusing and defining their efforts.
After creating a statement, management needs to communicate it throughout the firm, implement it, and review it periodically for relevance. On subjects such as avoiding competition, uses of deception and information to gain advantage, overcoming stronger competitors, and leadership qualities, Master Sun has powerful advice.