Developing a mission and values statement involves several steps. Start by engaging with key stakeholders, including employees, customers, and board members, to gather insights into what the organization stands for. Conduct workshops or surveys to identify common themes and priorities. Once you have a draft, refine it to ensure it is clear, concise, and inspiring. Finally, communicate the mission and values statement throughout the organization and integrate it into all aspects of the business, from hiring practices to performance evaluations.