Intel’s mission statement and vision statement focus on business development and leadership in the industry. The mission statement defines the company’s business processes and technological outputs, and the vision statement presents long-term business goals. The mission, vision, and business purpose push Intel toward a leading competitive position in the global market. However, the competitive environment described in the Five Forces analysis of Intel presents challenges in realizing the strategic goals of the corporate mission and corporate vision. For example, to achieve leadership and growth, the company needs to withstand pressure from competitors, like AMD, IBM, and Samsung. This situation requires Intel to innovate for the fulfillment of its mission statement and vision statement.
Purpose Statement. Intel’s purpose statement is “We create world-changing technology that improves the life of every person on the planet.” With this business purpose, the company’s strategic objectives include advanced technologies that lead the industry and benefit everyone. Intel’s mission statement and vision statement are implemented with goals based on this business purpose of improving life and the world through technology.
Intel’s Mission Statement
Intel’s mission statement is “We engineer solutions for our customers’ greatest challenges with reliable, cloud to edge computing, inspired by Moore’s Law.” This corporate mission aims for technological solutions for customers. The following are the key points of Intel’s mission statement:
- Engineered solutions
- Customers’ greatest challenges
- Reliable cloud to edge computing
- Inspired by Moore’s Law
The first point of the mission statement describes Intel as a business that provides engineered solutions. The second point shows that these technological solutions are designed for the biggest or most significant challenges that customers experience. Through the third point, Intel’s corporate mission statement characterizes the company’s products, which are semiconductors and computing technologies. In addition, the fourth point shows that the company’s product development reflects the exponential growth of computing technology based on Moore’s Law. Thus, Intel’s mission statement reflects the purpose and outputs of the business. The company’s technological products are designed to fit the goals of this mission. Moreover, these points of the mission statement determine the objectives of Intel’s generic competitive strategy and intensive growth strategies, especially in building business competitiveness with product development.
Intel’s Vision Statement
Intel’s vision statement is “We are on a journey to be the trusted performance leader that unleashes the potential of data.” This corporate vision refers to business effectiveness and industry leadership. The following are the key points of Intel’s vision statement:
- Journey
- Trusted performance leader
- Unleashing the potential of data
Intel’s organizational development is viewed as a journey in the first point of the vision statement. The second point states that this journey is for achieving performance-based leadership in the market for microprocessors, semiconductors, and related products. The third point of Intel’s corporate vision statement pertains to the ability of the company and its products to maximize the value of data through computing technology. Thus, this vision makes the business focus on products for data processing. To reach the performance leadership goals based on Intel’s vision statement, competitive advantages must support business performance. The technology company needs to develop its competencies to achieve the long-term strategic objectives of the corporate vision. The business strengths examined in the SWOT analysis of Intel can facilitate such leadership goals contained in the vision statement.
An Assessment of Intel’s Mission & Vision
Intel’s mission statement satisfies standards for writing corporate mission statements. For example, the company’s mission statement describes what the business does and the technological nature of its products. Intel’s vision statement also satisfies conventions, in that it specifies the strategic importance of data processing and the long-term goal of leadership. Overall, the details of the mission and vision mean that the company is expected to continue focusing its business operations on computing technologies, semiconductors, and related products, while aiming for leadership in the industry and the global market.
References
- An Overview of Life as an Intel Employee.
- Fitzsimmons, A. B., Qin, Y. S., & Heffron, E. R. (2022). Purpose vs mission vs vision: Persuasive appeals and components in corporate statements. Journal of Communication Management, 26(2), 207-219.
- Intel Corporation – Form 10-K.
- Intel Shapes the Future of Technology.