Now Reading
SpaceX Mission and Vision Statement Analysis

SpaceX Mission and Vision Statement Analysis

SpaceX mission statement and vision statement analysis

Introduction

SpaceX is probably one of the most famed companies whose mission and vision statements are all about innovations and the leadership features that characterize the firm. The practices at SpaceX ever since the company was founded in 2002 by Ellon Musk, who also doubles as its only C.E.O have demonstrated how serious the company takes its influential role in the technological niche and the place of the human race in the future.

Essentially, the phrasing of the mission statement shows how the company looks to have its presence felt by everyone who comes in contact with it. It particularly focusses on the life beyond earth through well-structured and visualized strategies. There is no doubt SpaceX’s mission statement is a reflection of what one would expect in a corporate mission statement of any firm, which is all about how the management would drive the company and the steps they would take to realize the goals and objectives.

Although SpaceX has not defined its vision statement on its website, the history and the ever prominent fame the company is known for tells a lot about its mission. This is a company that is all out to show its leadership might in enabling the human race to conquer the universe. It is something that agrees with a deeper understanding of the concept of a vision statement, which reveals where the company wants to be in the future. In this case, SpaceX states it clearly that it looks at life beyond earth.

The quest of SpaceX is further boosted by its core values. The company considers these including the innovating mindset and being a risk-taker as the driving force that has so far seen the company into fruition. Certainly, they have been instrumental, even in the eminence depicted in the mission and vision statement of this company.

SpaceX Mission Statement

SpaceX’s mission statement is “The Company was founded in 2002 to revolutionize space technology, with the ultimate goal of enabling people to live on other planets.” The statement spells out the purpose of the company. In fact, it also shows the ultimate impact SpaceX strives to have on humanity in general. The following points relate to the SpaceX mission statement:

  1. Improving lives. SpaceX is all about creating alternative habitats for people. It looks beyond what is available to the potential out there in the space for people when the need arises. Such a mission not only demands massive resources but also sacrifice for the workforce. That is just a bit of the big picture showing how SpaceX impacts on the lives of people. While much of its work is about how it can enable people to live elsewhere other than on earth, SpaceX also does much more to improve life locally. For instance, the company is very sensitive about environmental conservation and sustainability, which brings out the desire the company has when it comes to enabling people to live better.
  2. Exceeding expectations. Unlike most businesses that are profit-oriented, SpaceX is all about inducing a change in space exploration through technology. For instance, a look at the business model adopted by the company is evidence enough that the company spends most of its time strategizing how to come up with the best designs for space exploration. The most unique element that has made this company stand out is thinking beyond the norm to conquer other planets.
  3. Revolutionize space technology. While space technology had been around for quite some time, few major breakthroughs had been recorded before the era of SpaceX. SpaceX has demonstrated it is a dependable addition with its continued contribution to the sector since 2002. In fact, the company has been labeled as the biggest and most revolutionary-oriented company in the sector.

Vision Statement

SpaceX’s vision statement is “to advance the future.” This is, however, not the official vision statement but rather an implied one based on the primary objectives and developmental trend of the company. Essentially, this statement talks about the leadership position assumed by SpaceX in everything it does. It relates to the following components:

See Also
apple mission statement vision statement apple
nike
google mission statement vision statement google
amazon mission statement vision statement amazon
starbucks mission statement vision statement starbucks
walmart

  1. Innovations. Coming up with advanced and state-of-the-art space designs is basically everything SpaceX does. As a privately-owned space technological company, it rivals other state-owned corporations in this area. In fact, SpaceX has given rise to outstanding innovations making it a revered company in the contemporary era because of the hope it has kindled in the human race. For instance, it boasts of being the inventor of Falcon Heavy, one of a kind space ship with a capacity that far outshines that of 737 jetliners.
  2. Advancing the future. SpaceX satisfies this component in its implied vision statement by focusing all its strategies towards finding ways to enable people to live on other planets. The company has clearly shown that it is not focused on the immediate gratification of the needs of its clients, which is the human race, and instead looks to meet their future needs now. It does this by constantly contributing to the space technology through innovations as shown in how it satisfies the first component in its vision statement.

Core Values

SpaceX core values comprise “innovative, being a risk-taker, inclusivity, and diversity.” These are the common values that anyone can pick out from the practices of SpaceX. They are central in the overall performance of the company and its constant success streak.

An analysis of these values proves beyond doubt that SpaceX is a company built on a culture of innovation. Even the recruiting strategy of the company looks to bring the most innovative experts on board to advance its technological prowess through new designs. They do this by taking calculated risks as a team when it comes to thinking beyond the norm to come up with transformative ideas to keep the many missions of the company alive. The ability of SpaceX to excel is pegged on the fact that the company highly rates being inclusive and most of all being diverse. It does this by recruiting creative minds from across the globe, something that has given the company a global outlook too.

References

  • Alegre, I., Berbegal-Mirabent, J., Guerrero, A., & Mas-Machuca, M. (2018). The real mission of the mission statement: A systematic review of the literature. Journal of Management & Organization, 24(4), 456-473.
  • Bjelde, B., Capozzoli, P., & Shotwell, G. (2008). The SpaceX Falcon 1 Launch Vehicle Flight 3 Results, Future Developments, and Falcon 9 Evolution. Space Exploration Technologies.
  • Church, E. C. (2016). Vision statement.
  • Fitch, P. (2017). The Value of Vision. The Canadian Journal of Hospital Pharmacy, 70(6), 472.
  • Foreman, V. L., Siddiqi, A., & De Weck, O. (2017). Large satellite constellation orbital debris impacts: case studies of OneWeb and SpaceX proposals. In AIAA Space and Astronautics Forum and Exposition (p. 5200).
  • Gordon, G. (2017). Communication, Vision, and Mission. In Leadership through Trust (pp. 63-69). Palgrave Macmillan, Cham.
  • Hernandez, B., Prina, M., & Piatrovich, S. (2011, January). SpaceX dragon air circulation system. In 41st International Conference on Environmental Systems (p. 5242).
  • Kopaneva, I., & Sias, P. M. (2015). Lost in translation: Employee and organizational constructions of mission and vision. Management Communication Quarterly, 29(3), 358-384.
  • MUSK, E. (2012). SpaceX and the future of space exploration. Lecture at the Royal Aeronautical Society, 16.
  • Ogbari, M. E., EGBERIPOU, R., Ajagbe, A. M., Oke, A. O., & Ologbo, A. C. (2016). Accomplishments of organization mission through appropriate implementation of strategies. Sci. Int. (Lahore), 28(2), 1719-1731.
  • Reddy, V. S. (2018). The SpaceX Effect. New Space, 6(2), 125-134.
  • SpaceX – About.
  • Taiwo, A. A., Lawal, F. A., & Agwu, E. (2016). Vision and Mission in Organization: Myth or Heuristic Device?. The International Journal of Business & Management, 4(3).
  • Urban, T. (2015). How (and Why) SpaceX Will Colonize Mars. Wait But Why. Available at http://waitbutwhy. com/2015/08/how-and-why-SpaceX-will-colonize-mars. html [10 May 2017].
  • Vozoff, M., & Couluris, J. (2008, September). SpaceX products-advancing the use of space. In AIAA SPACE 2008 Conference & Exposition (p. 7836).
What's Your Reaction?
Excited
7
Happy
1
In Love
2
Not Sure
0
Silly
0

© 2019 Copyright of Mission Statement Academy - All rights reserved

Scroll To Top