ESPN’s mission statement is “to serve sports fans in the community. Anytime. Anywhere.” The statement focus is on the coverage of the company in meeting the needs of its fans. It has these components:
- Distinguished services
- Global coverage
In the first component of its mission statement, ESPN stresses on the service it brings its fans. The company reveals that it serves its customers with the latest about sports and game events as they occur such as football. With ESPN, the customers are linked to their favorite sports live. They do not have to hear it from others –they get the thrill of witnessing it happen at ESPN. In the second component, ESPN shows that this service has no border limitation. What this means is that the fans have nothing to worry irrespective of where they are. ESPN has a global coverage!
The mission and vision statements of ESPN are so strategic that they have given rise to one of the most dynamic and progressive TV sports channels in the U.S. Since its early days in 1979, ESPN has maintained an all-time high quality, and this has seen it grow competitively even beyond the U.S borders.
The growth has been accelerated by the focus of its vision statement on being the best dependable channel in the industry, something that agrees with the definition of a corporate vision statement that it is all about the future of a company.
On the other hand, a mission statement outlines the actions that would lead towards the vision, and the emphasis on the experience the ESPN can give its viewers agrees with this definition. Additionally, the success recorded by ESPN also relates to how the core values of this company complement the mission and vision statements.
ESPN does not have an officially defined vision statement yet. However, the operations of ESPN shows that the company looks to “transform and give fans the ultimate TV sports experience.” The assumed statement points hint at the efforts of ESPN to make it not only unique but also a channel of choice for sports fans. It has the outlined features:
- Stimulate transformation
ESPN is a company that has changed the TV sports reportage as it used to be. The company has brought new approaches to feeding the needs of the customers. In fact, the incorporation of sophisticated technology has enabled it to bring all types of sports on board. The experience has been mind-blowing, and this has paved even more opportunities for ESPN to incorporate other sporting features as part of its transformation journey.
ESPN’s core values include “care and respect, diversity, teamwork, creativity, quality, integrity, the aggressive pursuit of new ideas, audience growth and building shareholder value.” The company considers these as its must-have resources.
ESPN recognizes the need for a strong internal culture. In fact, this is the primary drive that enables the company to meet all its other goals and objectives, including the mission and vision statements. For ESPN, its core values have created a strong culture that promotes the overall success of the corporation.
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