What you’ll learn4 learning objectivesChoose one objective for a focused lesson, or study the complete topic.1.3.1Vision and mission statements• Apply vision statement and mission statement concepts• Vision sets long-term direction; mission explains purpose and core activitySyllabus objective1.3.2Common business objectives• Apply objectives including growth, profit, shareholder value, and ethical objectives• Objectives guide strategic choices and performance measurementSyllabus objective1.3.3Strategic and tactical objectives• Evaluate strategic and tactical objectives• Strategic objectives are long-term and organization-wide; tactical objectives support shorter-term implementationSyllabus objective1.3.4Corporate social responsibility• Evaluate corporate social responsibility (CSR)• CSR considers ethical, social, and environmental responsibilities beyond legal requirementsSyllabus objective