  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
State's long-term view and investment is a better explanatory variable for
organizational RandI performance than the MS construct or the intermediate-term
macroeconomic environment.
