The Vision And Mission Statement Of Monster Worldwide Inc.: Monster Worldwide

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The Vision and Mission Statements Vision Statement “Monster Worldwide, Inc. is the global leader in successfully connecting job opportunities and people. Monster uses the world’s most advanced technology to help people Find Better, matching jobs seekers to opportunities via digital, social and mobile solutions including monster.com®, our flagship website, and employers to the best talent using a vast array of products and services” (“Our Company,” 2014). Mission Statement “To help people find better, not only at work, but in life” (“Our Company,” 2014). Recent Challenges and New Strategic Plan Sales and Profitability Downturns in Careers-International In 2012, revenue in the Careers-International segment decreased 11.9 percent from its 2011 revenue (“Business,” 2013). Its operating expenses driven by high salaries and related expenses comprised 91.7 percent of revenue compared to 82.6 percent in 2011. The revenue further deteriorated in 2013, dropping 17.8 percent, and total operating expenses reaching 103.7 percent, with salaries and related expenses comprising 52.4 percent of revenue. Career-North American also experienced decreased revenue; but only at 4.6 percent in 2012 and 3.6 percent in 2013. The deteriorating market conditions forced Monster Worldwide to sell its Careers-China business in the third quarter …show more content…

The new mission is more specific, satisfying five components of the MCM Nine-Component Test (“Component,” 2014), such as customers (“corporate customers”; “job seekers”), services (“global recruiting”), markets (“global market”), self-concept (partly in “continue to lead”), and concern for public image (superior service indirectly expressed in the entire mission statement). It failed to incorporate its basic technology (component #4 Technology), economic objectives (#5 Concerns for survival, growth, and profitability), philosophy (#6), and concern for employees

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