Mission Mangement & Trust Essay
Mission Management and Trust developed a unique strategy that highlighted socially conscious policies combined with good business relations. Founder Carmen Bermudez started Mission with three principal goals in mind. 1. To run a top-quality trust company; 2. To promote within the company and, by example, increase opportunities for women and minorities; and 3. To donate a portion of all revenue to charitable projects supported by clients and staff. This mission is very different from most trust management firm practices – firms are expected to provide economic sustenance and material well being. Most investors want a high rate of return for their trusts, …show more content…
3. Could Mission’s unique mission contribute to effective coordination as well as adjustment to the market?
Coordination is the set of mechanisms that an organization uses to link the actions of their units into a consistent pattern. Mission’s commitment to its ideals is evident and reflected in all of its business practices from HR to investing to marketing, etc. If they keep up this coordination and consistent pattern the market will recognize their unique mission and