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7investing Team Podcast: Mission Statements and "Bullish or Bearish"
Many businesses exist not just to create profits, but to serve a higher-level purpose.
A company's mission statement lays out the ambitions it ultimately wants to achieve. It typically describes a desired improvement to the status quo: whether that be making life easier for customers, innovating with new technologies, or even seeking a bigger-picture societal impact.
The mission statement can also influence how the business itself operates. It often serves as the conscience that steers acquisition or capital allocation decisions. It can set a unified company culture that impacts hiring, and…
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