Ralph Lauren Mission and Vision Statements Analysis
Ralph Lauren mission statement is
synonymous with its purpose, which is “to inspire the dream of a better life
through authenticity and timeless style.” The prowess of this company in
the production of trendy and in-demand fashions is a reflection of this
statement. The outlined components clarify this mission statement:
Distinguished quality
Improving lives
Quality has been a constant factor that
characterizes Ralph Lauren brand since its early days. In fact, the company is
described as a designer
and distributor of premium lifestyle products. Its ability to recognize and
incorporate the identity of different societies in its product categories has
been critical in boosting the confidence of its customers not only in America
but at the global level.
Table of Contents
Introduction
Ralph Lauren is one of the many companies that can attest to the power of corporate statements in its dominance for over 50 years. The renowned American fashion corporation has a rich history of having started with designer ties and working its way up to include a variety of clothing and accessories for all genders and ages. Today, the corporation is described as the custodian of the American perspectives due to its distinctive understanding of fashion needs in the region. Corporate statements give a company both the direction, through the vision, and means to get things done, through the mission.
In this case analysis of Ralph Lauren, the vision statement is all about leadership and dominance of the fashion industry. On the other hand, the mission statement emphasizes on the importance of understanding the subtle desires of the clients during the design processes. These concepts are further supported by the core values, as they create an ideal working environment where everyone can achieve their potentials.
Vision
Statement
Ralph Lauren vision statement is “to be
a global leader in the design, marketing, and distribution of premium lifestyle
products.” Though this is not the official statement, it represents
everything the company seeks to achieve. It comprises of two main parts:
A global leader
Premium lifestyle
merchandises
Today, this company has proven its
versatility and dominance in the fashion sector having conquered many markets
beyond the American one. It has, in fact, transformed itself as a global brand
through its high-quality products under several distinct brand names such
as Lauren Ralph Lauren, Ralph Lauren Purple Label, Double RL, and Chaps among
others.
Core
Values
Ralph Lauren core values include “speed
and innovation, teamwork, and transparency.” The adoption of these values
is informed by the recognition that, to become a winning brand, this company
needs a supportive and progressive working environment.
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