More Related Content
What's hot
What's hot (13)
Similar to Strategic Planning and Management : The need for vison and mission ppt
Similar to Strategic Planning and Management : The need for vison and mission ppt (20)
Recently uploaded
Recently uploaded (20)
Strategic Planning and Management : The need for vison and mission ppt
- 10. No.1 7 REASONS WHY IT DETERMINES THE COMPANY’S DIRECTION Remind employees : What makes the company successful
- 11. No.2 7 REASONS WHY IT FOCUSES THE COMPANY’S FUTURE Tells what we are doing today, that will take us to our desired future
- 12. No.3 7 REASONS WHY IT PROVIDES A TEMPLATE FOR DECISION-MAKING Sets boundaries
- 13. No.4 7 REASONS WHY IT FORMS THE BASIS FOR ALIGNMENT Sets boundaries
- 14. No.5 7 REASONS WHY IT WELCOMES HELPFUL CHANGE Helps accomplish mission
- 15. No.6 7 REASONS WHY IT SHAPES STRATEGY
- 16. No.7 7 REASONS WHY IT FACILITATES EVALUATION AND IMPROVEMENT “What you measure will be your mission.”
- 17. VISION MISSION & 5 REASONS WHY
- 18. 5 REASONS WHY
- 19. 5 REASONS WHY
- 20. 5 REASONS WHY
- 21. 5 REASONS WHY
- 22. 5 REASONS WHY
Editor's Notes
- The development of vision and mission statements is an essential part of the strategic management process. Having clearly defined the vision and mission of the organization, managers then can set strategic objectives that are aligned with the company's long-term goals. Managers translate these strategic objectives into an operational strategy that can be implemented, monitored and evaluated. The outcome of the evaluation will determine whether any revision of the vision statement, mission statement, objectives or operational strategy is required.
- Well-written vision and mission statements ensure that each element of the strategic management process is aligned to the company's long-term goals. Managers use clear and concise vision and mission statements to communicate their aspirations to stakeholders. Employees UNDERrstand where to focus their efforts if they align their daily work with the vision and mission. Clear vision and mission statements allow customers, suppliers and shareholders to choose whether or not they want to do business with the company
- Well-written vision and mission statements ensure that each element of the strategic management process is aligned to the company's long-term goals. Managers use clear and concise vision and mission statements to communicate their aspirations to stakeholders. Employees UNDERrstand where to focus their efforts if they align their daily work with the vision and mission. Clear vision and mission statements allow customers, suppliers and shareholders to choose whether or not they want to do business with the company
- A vision statement sets out a company's long-term goals and aspirations clearly and concisely. A vision statement is intended to inspire and motivate the company's workforce by providing a picture of where the organization is heading. It also provides a reality check for managers, who can compare their strategic objectives and operational plans to the vision statement. If a planned course of action doesn't move the company toward its vision, it may need to be revised.
- A vision statement is intended to inspire and motivate the company's workforce by providing a picture of where the organization is heading. It also provides a reality check for managers, who can compare their strategic objectives and operational plans to the vision statement. If a planned course of action doesn't move the company toward its vision, it may need to be revised.
- A mission statement defines the business sector in which a company operates and sets out its key purpose. It summarizes what the company does and why. It also sets out how the company conducts its business and identifies key stakeholders, such as shareholders, customers and employees. A mission statement helps employees understand where their contribution fits into the company's objectives. It also helps other stakeholders decide whether they want to do business with the organization.
- A mission statement defines the business sector in which a company operates and sets out its key purpose. It summarizes what the company does and why. It also sets out how the company conducts its business and identifies key stakeholders, such as shareholders, customers and employees. A mission statement helps employees understand where their contribution fits into the company's objectives. It also helps other stakeholders decide whether they want to do business with the organization.
- Smart business owners use this statement to remind their teams why their company exists because this is what makes the company successful. The mission statement serves as a “North Star” that keeps everyone clear on the direction of the organization. And as Andy Stanley says, “It’s your direction, not your intention, that determines your destination.” This leads to the second reason.
- The mission tells us what we’re doing today that will then take us where we want to go in the future.
- A clear mission sets important boundaries which enable business owners to delegate both responsibility and authority.
- When a new employee is hired, it’s critical that the new hire know what the company does and where the company is going. The mission statement forms the basis for alignment not only with the owner, but the entire team and organization. Your team will all be on the same page when it comes to what you do and why you do it, which leads to better effectiveness and efficiency.
- Many people are resistant to change because it causes us to feel insecure and sometimes out of control. However, if the mission is clear, then team members are more likely to see the value of the change and how it helps the organization accomplish the mission. This will create a culture that welcomes change when warranted.
- Every business and business owner needs a strategy. But strategies must not be created in a vacuum. Instead of looking at what’s new or what competitors are doing and trying to copy them, wise business owners create the most effective strategies possible to accomplish the mission their company is set out to accomplish.
- It has been said that “What you measure will be your mission.” If you have a clear, written statement of mission you will know exactly what to measure and how to measure it.