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ERIC Number: ED355439
Record Type: Non-Journal
Publication Date: 1992-Nov
Pages: 10
Abstractor: N/A
Reference Count: N/A
ISBN: N/A
ISSN: N/A
Human Resource Development and the Corporate Mission Statement.
Palmer, Teresa M.
Two research projects examined the extent to which corporate commitment to human resource development is reflected in mission statements. In the first study, a questionnaire designed to elicit training data was sent to 333 Fortune 500 manufacturing and service firms; 81 completed questionnaires were returned. Sixty-nine percent of the respondents indicated their organizations had formal policies recognizing human resources as an essential corporate asset; 9 of the 13 industries included in the study had a majority of responding firms indicate that corporate policy related to human resources had changed in the last 5 years. In the second study, a letter was sent to the director of human resources at 256 Fortune 500 manufacturing firms from 7 selected industries and 245 Fortune 500 service firms from 5 service industries requesting a copy of the firm's mission statement and/or goals. Responses were received from 103 firms; 86 sent some form of mission statement. Although total returns in the manufacturing and service sectors were similar (16.4 and 17.9 percent), among industries there was a great range of response rates: 6 percent of savings institutions and 32 percent of utility companies sent mission statements. A number of firms responded that they did not have mission statements. Mission statements ranged from simple one-sentence descriptions of the nature of the business or goal statements to 5-10 pages of text. Twenty-five mission statements contained no mention of employees. (Contains 30 references.) (YLB)
Publication Type: Speeches/Meeting Papers; Opinion Papers
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A