SlideShare uma empresa Scribd logo
1 de 8
Part A
Business.Whatisit?A veryrathercomplicatedwordof a sort, puttinganybusinesspersoninaroller
coasterof definitions.However,asinanyrollercoaster,there are upsand downslike anyother
businessinthisworld,andforeachbusiness there isboundtobe a start and an end.Anend,merely
the rise of a newand successful businessorrather,a failedandfallenbusiness.Itall dependsonthe
business’future goals,andthose goalsare nothingmore butvisions,dreamsof how acompany can
be broughtup intosoaringheightsandfollowingthese visionsare missions,missionsthatprovide
the pathwayto these dreams.
Nevertheless,visionsandmissionsare nothingmore thanordinarydreamsorstepstakentoachieve
them, unlessof course, these were all createdbyamindwhose dreamshave beensealedfor
absolute achievement.These mindswill choose the bestpathtoachieve theirdreams,although
unguaranteedwithmomentsof failure.Butwhatif the dreamerdoesnotchoose to soar through
onlyone path?How wouldhe or she choose whatare the otherpossible pathsavailable?Whatif he
or she was leadinganorganization?Fromthere,how are these people goingtotranslate andconvey
theirvisionsandmissionstotheiremployees?
Let usstart off withthe smallerfractionof businesses. Smallerorganizations couldeasilyconvey
theirvisionandmissiontotheiremployeesor managersaslongas theycommitto a simple
managerial style.If these translationsof the companies’visionsremainconsistent,ormore
importantly,understandable,anyemployee should be able tounderstandthe company’svisionand
missionthroughaplain,butsystematiccommunicationsystem. Whatif the companywere to,letus
say,grow much bigger?Woulditbe harderfor employeestocomprehendthe companies’visionor
missions?Asunfortunateitis,the answerissimply,yes. The processstartsoff fromthe managerial
positions.The visionsare developedthensentdownthe organizationalhierarchywhere bitsand
piecesof the visionare tornoff resultinginthe areaof informationloss,unbearable. Thatiswhya
visionandmissionshouldbe specificallydesignedtoprovide amuchsimplerunderstandingamong
the employeeswithoutthe riskof informationloss.
A vision statement,asstatedintermsof a businessmindset,isdefinedasan
aspirational description of whatan organization planstoaccomplish inashort-termorthe long-
termfuture.It is designedto guide employersand employeesinchoosingthe bestmissionsto
achieve these visions.
On the otherhand,missionstatementsare definedasthe allegationof anorganization’smain
purpose thatremainsunalteredovertime.Properlyconstructedmissionstatementsshouldfilterout
whatare importantto an organizationandwhatisnot, establishanunderstandingof the
organizational pathwaywithinthe organizationaswell asstate whichmarketsare tobe servedand
howtheyare to be served.
In mostcases,visionandmissionstatementsmaylookblanklysimilar,butthe maindifference
upholdsthe identifyingline of whatavisionormissionactuallyare.A missionissolelydifferentfrom
a visionstatementwherethe formerstatementisthe cause thatneedstobe accomplishedto
achieve the latterstatement.Fromthisitself,existsafine line of understanding of how avisionisto
be formedandhow missionsare designedtoaccomplishthe visionset.Acquiringavisionstatement
isone thing,but keepingitalive isonawhole otherlevel.Asimportantitis,oras easyas it may
sound,itis actuallyalmosttoodifficulttokeepthe visiongoingthroughoutthe years.Youmaywork
as hard as youcan byexpandinganypossibleareastoexpandyourvision,butthiswillonlyplummet
your organizationintoahole of bankruptcy. Itis importanttonote that whenyousetyour mission
statements,youmustalwaysrememberwhyyouare settingthe missionstatementsinthe first
place.What hasdrivenyouintoformingyourfirsthand tasks to achieve yourlonglive dream?Do
any of your missionstatementscontradictwithyourvisionstatement?The answer,lieswithinyour
understandingof the visionyou yourselfhave established.Anycontradictingmissionstatements
may resultinyourpositionbeingstrayedawayfromyourvision,thusdestroyingthe foundationof
the ideawhichseemedsoperfectinthe firstplace.
RelatingtoMark Lipton’s‘Demystifying theDevelopmentof an OrganizationalVision’,he has
promptedanintriguingsuggestionunlikemanyother.Hissuggestionwasthataneffectivevisionof a
companycomprisedof missions,strategiesandculture.Throughhisresearchof firmslistedin‘The
100 Best Companiesto Workforin America’,Mark concludedthatvisionsare bestdefinedwith
missionsthatstartoff withfirstunderstandingthe stakeholdersinvolvedandthenlayingdownthe
expectationsfromeachof these shareholders.Thiswasconcludedbecause,generally,stakeholders
alsoplaya mere yetsignificantpartinan organizations’missionandvision.If noconsensusof a
visionwasachieved,thenthe stakeholderswouldbe reluctanttoprovide theirfairshare of effort.
Some organizations maystartoff withofferingmonetaryprofitthatthe stakeholdersmayacquire
fromagreeingtothe same general vision.Thisisnotadvisable asstakeholdersare merelyhumans
and theirthoughtsof visionsshouldalsobe considered.Tosome,moneymaynot be theirmain
priorityat all as some mayjustbe lookingfora more challengingormeaningfulroadtosuccess.Not
everybody’saimistobe the richestpersononthe planet.Simple enough,moneydoesnotmotivate
employeestoworkefficientlyforthe organizationasmoney,beingthe mainpriorityinalmostany
businessnowadays,wouldmake the organizationseemanymore indifferentfromanyotherexisting
organization.Hence,the reasonwhyagoodvisionstatementisneeded.A statementwhich
considerseverybody’sshare of visionsandalsotomake the organizationseemmore differentfrom
any othermoneylaunderingorganization.
Mark alsodefinesstrategyasabusinessinwhichacompanycompetesandthe distinctive
competence orcompetitive advantage that itiscurrentlyhasor plansto develop.’ Strategyisclearly
important,upto a sense where anorganizationwouldnotbe anythingbutamere emptybodywith
no fulfilmentof logicif noinitial strategywasformed. Missionstatementsthatare enforced should
be able to include andexplain the varietyof strategicprinciplesrequiredto accomplishthe initially
statedmissionsothat managerial departmentsare able todetermine how the companyisable to
achieve theirmainideals.
Puttingthe missionandstrategycomponentsaside,aneffectivevisionstatementalsoneedstostate
and clarifyhowan organizationshouldbehave toaccomplish theirgoals.The mainvalue of avision
statementdoesnotlie withinneitherthe missionsdeterminedtoachieve goalsnorthe impressive
strategiclayoutsforthe organization,butactuallywithinthe culture of anorganization.An
overlookedcomponentinmostorganizationswhich hascausedthe downfall of mostorganizations.
Thisis because organizational culture directs andsustainsthe behaviourwithinthe organizationto
ensure thatpeople notice the desiredculture andunderstandhow the culture supportsthe purpose
and the strategy,whichseeminglyresultsinthe automaticknowledge of whatisexpectedfromthe
people withinthe organization.Tosimplifythis,consistent,clearandsharedvaluesintervene with
personal andorganizational efficiency.This,inturnmaximisesprofitandefficiencyof the company
while satisfyingmaximumjobsatisfactionamongthe employees.
Howevergooda visionstatementmayseemdependingonanowner’sstandards,the vision
statementwill be deemedunviable unlessithasfulfilledseveral factorsof aneffective vision
statement.Anygoodandviable visionstatementshouldconsistof the followingcharacteristics.
1. Be Inspirational
Visionstatementsare designedtochallenge,enthuse andmore importantly,inspire.Powerful
wordsshouldbe usedinvividphrasesthatare able to expressthe type of organizationthe
owneristryingto become.Thismanifestschancesthatliftanorganization’sgaze above the daily
exhaustinggrindingsandrelentlessproblemsandinstead,focusonthe biggerpicture andany
potential awardsawait.
2. Be Ambitious
An ownershouldnotbe afraidto setambitiousheightsforhisorher organizationtoclimb.Itis
goodto give the organizationahighstandard benchmarkforwhenitsucceedsinsurpassingit,
the organization’sreputationwill skyrocketimmediately.Whatstandardsortargetsyou setand
howhightheyare alsoshowsa brief picture of yourorganizationtoothers.Beingambitiousmay
create impressionsof beinganorganizationthathasa brightfuture aheadtowardsothers.
3. Be Realistic
Althoughitisgoodto set ambitiousandhighstandardsforan organization,itisalwayswise for
an ownerto rememberthatthe higheryouclimb,the harderyoufall.Onsimple mistakeandany
reputationearnedwillslipdownthe drainalmostimmediately.Ownersshouldbe aware of an
organization’slimitsanditsabilitytocarryout highstandards.Therefore,itisbestforownersto
setan ambitiousaswell asa realisticmarkon how highan organizationisable togo.
4. Be Creative
To thinkdifferentlyistoputoneself inapositionunlikeothers.Hence,creativityis vital inany
visionstatement.Withoutit,avisionstatementwillremainanordinarystatement.Creativity
allowsanownerto fill inanyloopholesthe organizationmightface.AsAlbertEinsteinonce
quoted‘imagination ismoreimportantthatknowledge’.
5. Be Descriptive
Unlike avisionstatement,there isnoneedforpressure toprune yourvisiondowntothe bone.
Althoughitisgoodto be concise,there isnoneedtoenforce discretionarylimitstoitslength.An
ownershouldtake asmuch space as he wantsto gethisvisionsacross.
6. Be Clear
As simple asthissounds,beingclearaboutmissionstatementsisverycrucial toanyeffective
visionstatement.Italwayspaystoavoidany unnecessaryjargons,keepsentencescleanand
straighton pointas well as use of precise language.Otherwise,therewillbe ariskof losingthe
pointof a message whenconveyedtothe employeeswithinanorganization.
7. Be Consistent
Bearinginmindof theirdifferentpurposes,theremustbe aline continuitybetweenmissions
and visionswhile the visionsdonotneedtobe constrainedbycurrentdispatchof missions.
Ownersshouldnotventure toofaroff fromthe course of the visionstatementbyattemptingto
carry out missionsthatmaycontradictwiththe visionset.
The visionsandmissionsstatementsare clearlyelaboratedbutnow the ultimatequestioncomes
intoplay.Why doesa visionfail?Infact,how doesa visionactuallyfail?While mostorganizations
have faileddue to theirmanagerial inconsistency,withthe statementprovided, the statementitself
couldhave some particularwordsthat eitherbringcontradiction orprovide irrelevance tothe
workers.If a statementis finalizedwithoutanysingleconsiderationof the stakeholders,the wordsin
the statementare deemed tobe irrelevantand conclusively ignored.This problementitles
employeestowork inconsistentlyinrelationtoanygoalssetby ownersor stakeholders.One wayto
solve sucha problemwouldbe throughformal or informal formsof communication ornegotiations
betweenmanagerandemployees.Without anestablished communication,itis difficultto
comprehendwhatthe employees wantorneed.Managerswhoignore hostile environmentsinan
operational organizationsusuallyleadtounrecognizable visionswhichinturnmovesavisionfrom
itsoriginallysuccessful pointtoa more distinctlaughingmatter. Itisverycrucial for any organization
to understand anyweaknessesandchallenges itfaces.Fromthenon, onlyshouldaneffectiveand
believablevisionbe formed.
Througha simple example,I will provide athoroughanalysison Apple’svisionandmission
statements. Intheirofficialsite,they have stated;
VISIONSTATEMENT
“Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional
software. Apple leads the digital music revolution with its iPods and iTunes online store. Applehas reinvented
the mobile phone with its revolutionary iPhone and App Store, and is defining the future of mobile media and
computing devices with iPad.”
MISSION STATEMENT
“Apple is committed to bringing the best personal computing experience to students, educators, creative
professionals and consumers around the world through its innovative hardware, software and Internet
offerings.”
Firstoff, itis outstandinglyobviousthatAppledidnotentirelythinktheirvisionstatementthrough.
The lengthof theirvisionisastoundinglylongforone.Then,there isthe descriptionof the vision
statement.Itisliterally,alistdownof Apple’sonline shopping itineraryandtheirrespective
functions.Appledefinitelymade itassimple,orsluggishlylazyforafact, as theycould.Itis as if they
couldn’tcome upwitha brilliantvisionstatement.Ironic,forafact that theymade theirdevices
inevitablysimple touse.Theirvisiondidnotmentionanykeywordsaboutthe customers,theirself-
conceptand more importantly,theiremployees.Itwasentirelyaboutproducts.Just,products.
Much worse still,theirmissionstatementwas more orientatedtoa visionstatement,since it
mentionsmore aboutthe customers,products,marketsandself-conceptof Apple.Noteffective,but
it can helpkeepApple’svisionupandalive,if the missionandvisionswitchedplaces. Regardlessof
the switchhowever,bothvisionandmissionssoundutterlyuncreative.Theysoundlikewhatanyten
yearold kidcouldcome up with.Apple needstoredefine theirtermsof simplicityandlaziness.For
one thing,surprisingly,Apple’spinpointontheirproductsare ontarget,literally.Theyare nothard
to miss,since theyare alreadystatedintheirvisionstatementthemselves.Overall,Appleprobably
has one of the simplestandworststatementsof all time.
I suggestthatApple mayhave to rethinkanentirelydifferent visionstatement,andbydifferentIdo
not meanbyaddingthe functionsof the new Apple iWatch. Anexample of whatApple’svision
statementshouldlooklike:
“We believe that we are on the face of this Earth to create the most innovative products, to bring anybody
closer to everybody with a simple tap, honestly.”
In conclusion,there isno perfectwaytocreate a visionormissionstatement,because these
statementsare solelysubjectedtothe operational viewsof the organization.Visionandmissionsare
simply, guidelines foranyemployerorhisemployeestowalkonthe right path,together.Manya
time, there existsguidelinesthatlead toimminentfailure whilethere afew thathave the meansof
achievingsuccess.
References
1. What makes a good vision statement? (2012, September 19). Retrieved October 17, 2015,from
http://www.jiscinfonet.ac.uk/infokits/mission-vision-values/vision-statement/good-vision/
2. What is Apple's current mission statement and how does itdiffer from Steve Job's original ideals?
(2015,April 23). Retrieved October 17,2015, from
http://www.investopedia.com/ask/answers/042315/what-apples-current-mission-statement-and-
how-does-it-differ-steve-jobs-original-ideals.asp
3. Blodget, H. (2013,August 3). Apple's 'Mission Statement' Is MakingPeople Worry That The Company
Has Gone To Hell.Retrieved October 17, 2015,from http://www.businessinsider.com/apples -new-
mission-statement-2013-8?IR=T&
4. Demystifying the Development of an Organizational Vision.(n.d.).Retrieved October 17, 2015,from
http://sloanreview.mit.edu/article/demystifying-the-development-of-an-organizational-vision/
5. Albert Einstein quote. (n.d.). Retrieved October 17, 2015,from
http://www.brainyquote.com/quotes/quotes/a/alberteins129815.html
Strategic Management Individual Part A

Mais conteúdo relacionado

Destaque

BIM Presentation
BIM PresentationBIM Presentation
BIM Presentation
Omer Syed
 
MS Lecture 9 information technology
MS Lecture 9 information technologyMS Lecture 9 information technology
MS Lecture 9 information technology
Est
 

Destaque (9)

Management science
Management scienceManagement science
Management science
 
management science report
management science reportmanagement science report
management science report
 
Management Science Report
Management Science ReportManagement Science Report
Management Science Report
 
Management science assignment report.
Management science assignment report.Management science assignment report.
Management science assignment report.
 
BIM Presentation
BIM PresentationBIM Presentation
BIM Presentation
 
Management Science Report
Management Science ReportManagement Science Report
Management Science Report
 
Management Science Assignment
Management Science AssignmentManagement Science Assignment
Management Science Assignment
 
MS Lecture 9 information technology
MS Lecture 9 information technologyMS Lecture 9 information technology
MS Lecture 9 information technology
 
Building Information Modeling (BIM)
Building Information Modeling (BIM)Building Information Modeling (BIM)
Building Information Modeling (BIM)
 

Mais de DarrenTofu

Construction lawprint-final-update-21112017
Construction lawprint-final-update-21112017Construction lawprint-final-update-21112017
Construction lawprint-final-update-21112017
DarrenTofu
 
Implementation of bim softwares in malaysia possibilities within the educatio...
Implementation of bim softwares in malaysia possibilities within the educatio...Implementation of bim softwares in malaysia possibilities within the educatio...
Implementation of bim softwares in malaysia possibilities within the educatio...
DarrenTofu
 
Vm compiled-edited (print)
Vm compiled-edited (print)Vm compiled-edited (print)
Vm compiled-edited (print)
DarrenTofu
 
Final intro to business report
Final intro to business reportFinal intro to business report
Final intro to business report
DarrenTofu
 
Employees and the workplace ethics
Employees and the workplace ethicsEmployees and the workplace ethics
Employees and the workplace ethics
DarrenTofu
 
Mathematics Geometric Lecture
Mathematics Geometric LectureMathematics Geometric Lecture
Mathematics Geometric Lecture
DarrenTofu
 
Mathematics Calculations
Mathematics CalculationsMathematics Calculations
Mathematics Calculations
DarrenTofu
 
Economics Report FNBE
Economics Report FNBEEconomics Report FNBE
Economics Report FNBE
DarrenTofu
 
Contrast of differences_
Contrast of differences_Contrast of differences_
Contrast of differences_
DarrenTofu
 
Best char kuey teow stalls (2)
Best char kuey teow stalls (2)Best char kuey teow stalls (2)
Best char kuey teow stalls (2)
DarrenTofu
 
Presentation slide (updated) (1)
Presentation slide (updated) (1)Presentation slide (updated) (1)
Presentation slide (updated) (1)
DarrenTofu
 
Social psychology (presentation slides)
Social psychology (presentation slides)Social psychology (presentation slides)
Social psychology (presentation slides)
DarrenTofu
 
Social loafing
Social loafingSocial loafing
Social loafing
DarrenTofu
 

Mais de DarrenTofu (20)

Construction lawprint-final-update-21112017
Construction lawprint-final-update-21112017Construction lawprint-final-update-21112017
Construction lawprint-final-update-21112017
 
Implementation of bim softwares in malaysia possibilities within the educatio...
Implementation of bim softwares in malaysia possibilities within the educatio...Implementation of bim softwares in malaysia possibilities within the educatio...
Implementation of bim softwares in malaysia possibilities within the educatio...
 
Pm group-compileddd
Pm group-compiledddPm group-compileddd
Pm group-compileddd
 
Vm compiled-edited (print)
Vm compiled-edited (print)Vm compiled-edited (print)
Vm compiled-edited (print)
 
Strategic Management Individual Part B
Strategic Management Individual Part BStrategic Management Individual Part B
Strategic Management Individual Part B
 
Management Science - Krimzen Tech
Management Science - Krimzen TechManagement Science - Krimzen Tech
Management Science - Krimzen Tech
 
Management Science - Krimzen Tech
Management Science - Krimzen TechManagement Science - Krimzen Tech
Management Science - Krimzen Tech
 
Final intro to business report
Final intro to business reportFinal intro to business report
Final intro to business report
 
Big bird
Big birdBig bird
Big bird
 
Pet us
Pet usPet us
Pet us
 
Employees and the workplace ethics
Employees and the workplace ethicsEmployees and the workplace ethics
Employees and the workplace ethics
 
Biznit
BiznitBiznit
Biznit
 
Mathematics Geometric Lecture
Mathematics Geometric LectureMathematics Geometric Lecture
Mathematics Geometric Lecture
 
Mathematics Calculations
Mathematics CalculationsMathematics Calculations
Mathematics Calculations
 
Economics Report FNBE
Economics Report FNBEEconomics Report FNBE
Economics Report FNBE
 
Contrast of differences_
Contrast of differences_Contrast of differences_
Contrast of differences_
 
Best char kuey teow stalls (2)
Best char kuey teow stalls (2)Best char kuey teow stalls (2)
Best char kuey teow stalls (2)
 
Presentation slide (updated) (1)
Presentation slide (updated) (1)Presentation slide (updated) (1)
Presentation slide (updated) (1)
 
Social psychology (presentation slides)
Social psychology (presentation slides)Social psychology (presentation slides)
Social psychology (presentation slides)
 
Social loafing
Social loafingSocial loafing
Social loafing
 

Último

Último (20)

FSB Advising Checklist - Orientation 2024
FSB Advising Checklist - Orientation 2024FSB Advising Checklist - Orientation 2024
FSB Advising Checklist - Orientation 2024
 
Interdisciplinary_Insights_Data_Collection_Methods.pptx
Interdisciplinary_Insights_Data_Collection_Methods.pptxInterdisciplinary_Insights_Data_Collection_Methods.pptx
Interdisciplinary_Insights_Data_Collection_Methods.pptx
 
Beyond_Borders_Understanding_Anime_and_Manga_Fandom_A_Comprehensive_Audience_...
Beyond_Borders_Understanding_Anime_and_Manga_Fandom_A_Comprehensive_Audience_...Beyond_Borders_Understanding_Anime_and_Manga_Fandom_A_Comprehensive_Audience_...
Beyond_Borders_Understanding_Anime_and_Manga_Fandom_A_Comprehensive_Audience_...
 
How to Add New Custom Addons Path in Odoo 17
How to Add New Custom Addons Path in Odoo 17How to Add New Custom Addons Path in Odoo 17
How to Add New Custom Addons Path in Odoo 17
 
SOC 101 Demonstration of Learning Presentation
SOC 101 Demonstration of Learning PresentationSOC 101 Demonstration of Learning Presentation
SOC 101 Demonstration of Learning Presentation
 
Wellbeing inclusion and digital dystopias.pptx
Wellbeing inclusion and digital dystopias.pptxWellbeing inclusion and digital dystopias.pptx
Wellbeing inclusion and digital dystopias.pptx
 
COMMUNICATING NEGATIVE NEWS - APPROACHES .pptx
COMMUNICATING NEGATIVE NEWS - APPROACHES .pptxCOMMUNICATING NEGATIVE NEWS - APPROACHES .pptx
COMMUNICATING NEGATIVE NEWS - APPROACHES .pptx
 
Jamworks pilot and AI at Jisc (20/03/2024)
Jamworks pilot and AI at Jisc (20/03/2024)Jamworks pilot and AI at Jisc (20/03/2024)
Jamworks pilot and AI at Jisc (20/03/2024)
 
How to Create and Manage Wizard in Odoo 17
How to Create and Manage Wizard in Odoo 17How to Create and Manage Wizard in Odoo 17
How to Create and Manage Wizard in Odoo 17
 
This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.
 
How to setup Pycharm environment for Odoo 17.pptx
How to setup Pycharm environment for Odoo 17.pptxHow to setup Pycharm environment for Odoo 17.pptx
How to setup Pycharm environment for Odoo 17.pptx
 
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptxHMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
 
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdf
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdfUnit 3 Emotional Intelligence and Spiritual Intelligence.pdf
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdf
 
Google Gemini An AI Revolution in Education.pptx
Google Gemini An AI Revolution in Education.pptxGoogle Gemini An AI Revolution in Education.pptx
Google Gemini An AI Revolution in Education.pptx
 
Graduate Outcomes Presentation Slides - English
Graduate Outcomes Presentation Slides - EnglishGraduate Outcomes Presentation Slides - English
Graduate Outcomes Presentation Slides - English
 
Python Notes for mca i year students osmania university.docx
Python Notes for mca i year students osmania university.docxPython Notes for mca i year students osmania university.docx
Python Notes for mca i year students osmania university.docx
 
REMIFENTANIL: An Ultra short acting opioid.pptx
REMIFENTANIL: An Ultra short acting opioid.pptxREMIFENTANIL: An Ultra short acting opioid.pptx
REMIFENTANIL: An Ultra short acting opioid.pptx
 
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptxBasic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
 
Philosophy of china and it's charactistics
Philosophy of china and it's charactisticsPhilosophy of china and it's charactistics
Philosophy of china and it's charactistics
 
Exploring_the_Narrative_Style_of_Amitav_Ghoshs_Gun_Island.pptx
Exploring_the_Narrative_Style_of_Amitav_Ghoshs_Gun_Island.pptxExploring_the_Narrative_Style_of_Amitav_Ghoshs_Gun_Island.pptx
Exploring_the_Narrative_Style_of_Amitav_Ghoshs_Gun_Island.pptx
 

Strategic Management Individual Part A

  • 1. Part A Business.Whatisit?A veryrathercomplicatedwordof a sort, puttinganybusinesspersoninaroller coasterof definitions.However,asinanyrollercoaster,there are upsand downslike anyother businessinthisworld,andforeachbusiness there isboundtobe a start and an end.Anend,merely the rise of a newand successful businessorrather,a failedandfallenbusiness.Itall dependsonthe business’future goals,andthose goalsare nothingmore butvisions,dreamsof how acompany can be broughtup intosoaringheightsandfollowingthese visionsare missions,missionsthatprovide the pathwayto these dreams. Nevertheless,visionsandmissionsare nothingmore thanordinarydreamsorstepstakentoachieve them, unlessof course, these were all createdbyamindwhose dreamshave beensealedfor absolute achievement.These mindswill choose the bestpathtoachieve theirdreams,although unguaranteedwithmomentsof failure.Butwhatif the dreamerdoesnotchoose to soar through onlyone path?How wouldhe or she choose whatare the otherpossible pathsavailable?Whatif he or she was leadinganorganization?Fromthere,how are these people goingtotranslate andconvey theirvisionsandmissionstotheiremployees? Let usstart off withthe smallerfractionof businesses. Smallerorganizations couldeasilyconvey theirvisionandmissiontotheiremployeesor managersaslongas theycommitto a simple managerial style.If these translationsof the companies’visionsremainconsistent,ormore importantly,understandable,anyemployee should be able tounderstandthe company’svisionand missionthroughaplain,butsystematiccommunicationsystem. Whatif the companywere to,letus say,grow much bigger?Woulditbe harderfor employeestocomprehendthe companies’visionor missions?Asunfortunateitis,the answerissimply,yes. The processstartsoff fromthe managerial positions.The visionsare developedthensentdownthe organizationalhierarchywhere bitsand piecesof the visionare tornoff resultinginthe areaof informationloss,unbearable. Thatiswhya visionandmissionshouldbe specificallydesignedtoprovide amuchsimplerunderstandingamong the employeeswithoutthe riskof informationloss. A vision statement,asstatedintermsof a businessmindset,isdefinedasan aspirational description of whatan organization planstoaccomplish inashort-termorthe long- termfuture.It is designedto guide employersand employeesinchoosingthe bestmissionsto achieve these visions.
  • 2. On the otherhand,missionstatementsare definedasthe allegationof anorganization’smain purpose thatremainsunalteredovertime.Properlyconstructedmissionstatementsshouldfilterout whatare importantto an organizationandwhatisnot, establishanunderstandingof the organizational pathwaywithinthe organizationaswell asstate whichmarketsare tobe servedand howtheyare to be served. In mostcases,visionandmissionstatementsmaylookblanklysimilar,butthe maindifference upholdsthe identifyingline of whatavisionormissionactuallyare.A missionissolelydifferentfrom a visionstatementwherethe formerstatementisthe cause thatneedstobe accomplishedto achieve the latterstatement.Fromthisitself,existsafine line of understanding of how avisionisto be formedandhow missionsare designedtoaccomplishthe visionset.Acquiringavisionstatement isone thing,but keepingitalive isonawhole otherlevel.Asimportantitis,oras easyas it may sound,itis actuallyalmosttoodifficulttokeepthe visiongoingthroughoutthe years.Youmaywork as hard as youcan byexpandinganypossibleareastoexpandyourvision,butthiswillonlyplummet your organizationintoahole of bankruptcy. Itis importanttonote that whenyousetyour mission statements,youmustalwaysrememberwhyyouare settingthe missionstatementsinthe first place.What hasdrivenyouintoformingyourfirsthand tasks to achieve yourlonglive dream?Do any of your missionstatementscontradictwithyourvisionstatement?The answer,lieswithinyour understandingof the visionyou yourselfhave established.Anycontradictingmissionstatements may resultinyourpositionbeingstrayedawayfromyourvision,thusdestroyingthe foundationof the ideawhichseemedsoperfectinthe firstplace. RelatingtoMark Lipton’s‘Demystifying theDevelopmentof an OrganizationalVision’,he has promptedanintriguingsuggestionunlikemanyother.Hissuggestionwasthataneffectivevisionof a companycomprisedof missions,strategiesandculture.Throughhisresearchof firmslistedin‘The 100 Best Companiesto Workforin America’,Mark concludedthatvisionsare bestdefinedwith missionsthatstartoff withfirstunderstandingthe stakeholdersinvolvedandthenlayingdownthe expectationsfromeachof these shareholders.Thiswasconcludedbecause,generally,stakeholders alsoplaya mere yetsignificantpartinan organizations’missionandvision.If noconsensusof a visionwasachieved,thenthe stakeholderswouldbe reluctanttoprovide theirfairshare of effort. Some organizations maystartoff withofferingmonetaryprofitthatthe stakeholdersmayacquire fromagreeingtothe same general vision.Thisisnotadvisable asstakeholdersare merelyhumans and theirthoughtsof visionsshouldalsobe considered.Tosome,moneymaynot be theirmain priorityat all as some mayjustbe lookingfora more challengingormeaningfulroadtosuccess.Not
  • 3. everybody’saimistobe the richestpersononthe planet.Simple enough,moneydoesnotmotivate employeestoworkefficientlyforthe organizationasmoney,beingthe mainpriorityinalmostany businessnowadays,wouldmake the organizationseemanymore indifferentfromanyotherexisting organization.Hence,the reasonwhyagoodvisionstatementisneeded.A statementwhich considerseverybody’sshare of visionsandalsotomake the organizationseemmore differentfrom any othermoneylaunderingorganization. Mark alsodefinesstrategyasabusinessinwhichacompanycompetesandthe distinctive competence orcompetitive advantage that itiscurrentlyhasor plansto develop.’ Strategyisclearly important,upto a sense where anorganizationwouldnotbe anythingbutamere emptybodywith no fulfilmentof logicif noinitial strategywasformed. Missionstatementsthatare enforced should be able to include andexplain the varietyof strategicprinciplesrequiredto accomplishthe initially statedmissionsothat managerial departmentsare able todetermine how the companyisable to achieve theirmainideals. Puttingthe missionandstrategycomponentsaside,aneffectivevisionstatementalsoneedstostate and clarifyhowan organizationshouldbehave toaccomplish theirgoals.The mainvalue of avision statementdoesnotlie withinneitherthe missionsdeterminedtoachieve goalsnorthe impressive strategiclayoutsforthe organization,butactuallywithinthe culture of anorganization.An overlookedcomponentinmostorganizationswhich hascausedthe downfall of mostorganizations. Thisis because organizational culture directs andsustainsthe behaviourwithinthe organizationto ensure thatpeople notice the desiredculture andunderstandhow the culture supportsthe purpose and the strategy,whichseeminglyresultsinthe automaticknowledge of whatisexpectedfromthe people withinthe organization.Tosimplifythis,consistent,clearandsharedvaluesintervene with personal andorganizational efficiency.This,inturnmaximisesprofitandefficiencyof the company while satisfyingmaximumjobsatisfactionamongthe employees.
  • 4. Howevergooda visionstatementmayseemdependingonanowner’sstandards,the vision statementwill be deemedunviable unlessithasfulfilledseveral factorsof aneffective vision statement.Anygoodandviable visionstatementshouldconsistof the followingcharacteristics. 1. Be Inspirational Visionstatementsare designedtochallenge,enthuse andmore importantly,inspire.Powerful wordsshouldbe usedinvividphrasesthatare able to expressthe type of organizationthe owneristryingto become.Thismanifestschancesthatliftanorganization’sgaze above the daily exhaustinggrindingsandrelentlessproblemsandinstead,focusonthe biggerpicture andany potential awardsawait. 2. Be Ambitious An ownershouldnotbe afraidto setambitiousheightsforhisorher organizationtoclimb.Itis goodto give the organizationahighstandard benchmarkforwhenitsucceedsinsurpassingit, the organization’sreputationwill skyrocketimmediately.Whatstandardsortargetsyou setand howhightheyare alsoshowsa brief picture of yourorganizationtoothers.Beingambitiousmay create impressionsof beinganorganizationthathasa brightfuture aheadtowardsothers. 3. Be Realistic Althoughitisgoodto set ambitiousandhighstandardsforan organization,itisalwayswise for an ownerto rememberthatthe higheryouclimb,the harderyoufall.Onsimple mistakeandany reputationearnedwillslipdownthe drainalmostimmediately.Ownersshouldbe aware of an organization’slimitsanditsabilitytocarryout highstandards.Therefore,itisbestforownersto setan ambitiousaswell asa realisticmarkon how highan organizationisable togo. 4. Be Creative To thinkdifferentlyistoputoneself inapositionunlikeothers.Hence,creativityis vital inany visionstatement.Withoutit,avisionstatementwillremainanordinarystatement.Creativity allowsanownerto fill inanyloopholesthe organizationmightface.AsAlbertEinsteinonce quoted‘imagination ismoreimportantthatknowledge’. 5. Be Descriptive Unlike avisionstatement,there isnoneedforpressure toprune yourvisiondowntothe bone. Althoughitisgoodto be concise,there isnoneedtoenforce discretionarylimitstoitslength.An ownershouldtake asmuch space as he wantsto gethisvisionsacross.
  • 5. 6. Be Clear As simple asthissounds,beingclearaboutmissionstatementsisverycrucial toanyeffective visionstatement.Italwayspaystoavoidany unnecessaryjargons,keepsentencescleanand straighton pointas well as use of precise language.Otherwise,therewillbe ariskof losingthe pointof a message whenconveyedtothe employeeswithinanorganization. 7. Be Consistent Bearinginmindof theirdifferentpurposes,theremustbe aline continuitybetweenmissions and visionswhile the visionsdonotneedtobe constrainedbycurrentdispatchof missions. Ownersshouldnotventure toofaroff fromthe course of the visionstatementbyattemptingto carry out missionsthatmaycontradictwiththe visionset. The visionsandmissionsstatementsare clearlyelaboratedbutnow the ultimatequestioncomes intoplay.Why doesa visionfail?Infact,how doesa visionactuallyfail?While mostorganizations have faileddue to theirmanagerial inconsistency,withthe statementprovided, the statementitself couldhave some particularwordsthat eitherbringcontradiction orprovide irrelevance tothe workers.If a statementis finalizedwithoutanysingleconsiderationof the stakeholders,the wordsin the statementare deemed tobe irrelevantand conclusively ignored.This problementitles employeestowork inconsistentlyinrelationtoanygoalssetby ownersor stakeholders.One wayto solve sucha problemwouldbe throughformal or informal formsof communication ornegotiations betweenmanagerandemployees.Without anestablished communication,itis difficultto comprehendwhatthe employees wantorneed.Managerswhoignore hostile environmentsinan operational organizationsusuallyleadtounrecognizable visionswhichinturnmovesavisionfrom itsoriginallysuccessful pointtoa more distinctlaughingmatter. Itisverycrucial for any organization to understand anyweaknessesandchallenges itfaces.Fromthenon, onlyshouldaneffectiveand believablevisionbe formed.
  • 6. Througha simple example,I will provide athoroughanalysison Apple’svisionandmission statements. Intheirofficialsite,they have stated; VISIONSTATEMENT “Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Applehas reinvented the mobile phone with its revolutionary iPhone and App Store, and is defining the future of mobile media and computing devices with iPad.” MISSION STATEMENT “Apple is committed to bringing the best personal computing experience to students, educators, creative professionals and consumers around the world through its innovative hardware, software and Internet offerings.” Firstoff, itis outstandinglyobviousthatAppledidnotentirelythinktheirvisionstatementthrough. The lengthof theirvisionisastoundinglylongforone.Then,there isthe descriptionof the vision statement.Itisliterally,alistdownof Apple’sonline shopping itineraryandtheirrespective functions.Appledefinitelymade itassimple,orsluggishlylazyforafact, as theycould.Itis as if they couldn’tcome upwitha brilliantvisionstatement.Ironic,forafact that theymade theirdevices inevitablysimple touse.Theirvisiondidnotmentionanykeywordsaboutthe customers,theirself- conceptand more importantly,theiremployees.Itwasentirelyaboutproducts.Just,products. Much worse still,theirmissionstatementwas more orientatedtoa visionstatement,since it mentionsmore aboutthe customers,products,marketsandself-conceptof Apple.Noteffective,but it can helpkeepApple’svisionupandalive,if the missionandvisionswitchedplaces. Regardlessof the switchhowever,bothvisionandmissionssoundutterlyuncreative.Theysoundlikewhatanyten yearold kidcouldcome up with.Apple needstoredefine theirtermsof simplicityandlaziness.For one thing,surprisingly,Apple’spinpointontheirproductsare ontarget,literally.Theyare nothard to miss,since theyare alreadystatedintheirvisionstatementthemselves.Overall,Appleprobably has one of the simplestandworststatementsof all time.
  • 7. I suggestthatApple mayhave to rethinkanentirelydifferent visionstatement,andbydifferentIdo not meanbyaddingthe functionsof the new Apple iWatch. Anexample of whatApple’svision statementshouldlooklike: “We believe that we are on the face of this Earth to create the most innovative products, to bring anybody closer to everybody with a simple tap, honestly.” In conclusion,there isno perfectwaytocreate a visionormissionstatement,because these statementsare solelysubjectedtothe operational viewsof the organization.Visionandmissionsare simply, guidelines foranyemployerorhisemployeestowalkonthe right path,together.Manya time, there existsguidelinesthatlead toimminentfailure whilethere afew thathave the meansof achievingsuccess. References 1. What makes a good vision statement? (2012, September 19). Retrieved October 17, 2015,from http://www.jiscinfonet.ac.uk/infokits/mission-vision-values/vision-statement/good-vision/ 2. What is Apple's current mission statement and how does itdiffer from Steve Job's original ideals? (2015,April 23). Retrieved October 17,2015, from http://www.investopedia.com/ask/answers/042315/what-apples-current-mission-statement-and- how-does-it-differ-steve-jobs-original-ideals.asp 3. Blodget, H. (2013,August 3). Apple's 'Mission Statement' Is MakingPeople Worry That The Company Has Gone To Hell.Retrieved October 17, 2015,from http://www.businessinsider.com/apples -new- mission-statement-2013-8?IR=T& 4. Demystifying the Development of an Organizational Vision.(n.d.).Retrieved October 17, 2015,from http://sloanreview.mit.edu/article/demystifying-the-development-of-an-organizational-vision/ 5. Albert Einstein quote. (n.d.). Retrieved October 17, 2015,from http://www.brainyquote.com/quotes/quotes/a/alberteins129815.html