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mission & vision.pptx
- 1. MISSION &VISION Strategic human resource management
- 2. TABLE OF CONTENT MISSION &VISION 1 2 3 4 5 6 7 8 1 2 3 4 5 6 7 8 VISION STATEMENT MISSION STATEMENT SOCIAL POLICY DEVELOPING MISSION AND VISSION STATEMENT IMPORTANCE OF MISSION STATEMENT REASON FOR MISSION STATEMENT ELEMENTS OF MISSION STATEMENT BENEFITS OF HAVING CLEAR MISSION & VISION 7 8
- 3. VISION STATEMENT • A vision statement should answer the basic question, “What do we want to become?” • A clear vision provides the foundation for developing a comprehensive mission statement. • It should create: • Creates commonality of interests • Reduce daily monotony • Provides opportunity & challenge
- 4. EXAMPLE TO CREATE THE MOST COMPELLING ELECTRIC CAR COMPANY OF THE 21ST CENTUARY.
- 5. MISSION STATEMENT • WHAT IS OUR BUSINESS? • A mission is an enduring statement of purpose that distinguishes one organization from other similar enterprises • The mission statement is a declaration of an organization’s “reason for being.” • a mission statement reveals what an organization wants to be and whom it wants to serve.
- 6. EXAMPLE TO ACCELERATE THE WORLD’s TRANSITION TO SUSTAINABLE ENERGY.
- 7. SOCIAL POLICY &MISSION • Social policy should be integrated in all strategic- management activities • Mission should convey the social responsibility of the firm
- 8. THE PROCESS OF DEVELOPING MISSION AND VISSION STATEMENT A widely used approach to developing a mission statement is to: • Select several articles about mission statements and ask all managers to read these as background information. • Ask managers to prepare a mission statement for the organization. • A facilitator, or committee of top managers, should then merge these statements into a single document and distribute this draft to all managers. • Process should create emotional bond and a sense of mission between employees and organization
- 9. Importance of written mission statement Mission Resource Allocation Unanimity of Purpose Organizational Climate Focal point for work structure
- 10. REASON FOR MISSION STATEMENT(WELL DOCUMENTED) the firms with a formalized mission statement have: • 2x average return on shareholder’s equity • Positive relationship to company performance • 30% higher return on certain financial measures
- 12. BENEFITS OF HAVING CLEAR MISSION & VISION CLARITY OF PURPOSE BASIS FOR OTHER ACTIVITIES PROVIDES DIRECTION FOCAL POINT FOR ALL STAKEHOLDERS
- 13. BENEFITS OF HAVING CLEAR MISSION & VISION cont…. RESOLVES DIVERGENT VIEWS PROMOTES SHARED EXPECTATIONS HIGHER ORGANIZATION PERFORMANCE SYNERGY AMONG MANAGERS AND EMPLOYEES
- 14. THANKYOU THE END
Notas del editor
- I. WHAT DO WE WANT TO BECOME? It is especially important for managers and executives in any organization to agree on the basic vision that the firm strives to achieve in the long term. A. Importance of a Vision Statement 1. A vision statement should answer the basic question, “What do we want to become?” A clear vision provides the foundation for developing a comprehensive mission statement. 2. Many organizations have both a vision and a mission statement, but the vision statement should be established first and foremost. a . The vision statement should be short, preferably one sentence, and as many managers as possible should have input into developing the statement .
- II. WHAT IS OUR BUSINESS? A . Mission Statements 1 . Peter Drucker says that asking the question, “What is our business?” is synonymous with asking the question, “What is our mission?” 2 . A mis sion is an enduring statement of purpose that distinguishes one organization from other similar enterprises . Th e mission statement is a declaration of an organization’s “reason for being.” 3 . Sometimes called a creed statement, a statement of purpose, a sta tement of philosophy, a statement of beliefs, a statement of business principles, or a statement “defining our business,” a mission statement reveals what an organization wants to be and whom it wants to serve.
- As indicated in the strategic-management model, a clear mission statement is needed before alternative strategies can be formulated and implemented. It is important to involve as many managers as possible in the process of developing a mission statement, because through involvement, people become committed to an organization. A widely used approach to developing a mission statement is to: Select several articles about mission statements and ask all managers to read these as background information. Ask managers to prepare a mission statement for the organization. A facilitator, or committee of top managers, should then merge these statements into a single document and distribute this draft to all managers. A request for modifications, additions, and deletions is needed next along with a meeting to revise the document.
- To ensure unanimity of purpose within the organization To provide a basis, or standard, for allocating organizational resources To establish a general tone or organizational climate To serve as a focal point for individuals to identify with the organization’s purpose and direction, and to deter those who cannot from participating further in the organization’s activities To facilitate the translation of objectives into a work structure involving the assignment of tasks to responsible elements within the organization To specify organizational purposes and the translation of these purposes into objectives in such a way that cost, time, and performance parameters can be assessed and controlled
- Rarick and Vitton found that firms with a formalized mission stat ement have twice the average return on shareholders’ equity than those firms without a formalized mission statement. Bart and Baetz found a positive relationship between mission statements and organizational performance. Business Week reports that firms us ing mission statement s have a 30 percent higher return on financial measures than those without such statements.
- Customers: Who are the firm’s customers? Products or services: What are the firm’s major products or services Markets: Geographically, where does the firm compete? Technology: Is the firm technologically current? Concern for survival, growth, and profitability: Is the firm committed to growth and financial soundness? Philosophy: What are the basic beliefs, values, aspirations, and ethical priorities of the firm? Self-concept: What is the firm’s distinctive competence or major competitive advantage? Concern for public image: Is the firm responsive to social, community, and environmental concerns? Concern for employees: Are employees a valuable asset of the firm?
- Achieve clarity of purpose among all managers and employees. Provide a basis for all other strategic planning activities, including internal and external assessment, establishing objectives, developing strategies, choosing among alternative strategies, devising policies, establishing organizational structure, allocating resources , and evaluating performance. Provide direction.-------The mission statement provides the direction that is to be followed by the organization while the vision statement provides the goal (or the destination) to be reached by following the direction. It helps to properly align the resources of an organization towards achieving a successful future Provide a focal point for all stakeholders of the firm. -------The vision and mission statements provide a focal point that helps to align everyone with the organization, thus ensuring that everyone is working towards a single purpose. This helps to increase efficiency and productivity in the organization Resolve divergent views among managers. -----To drive your initiatives through without argument, avoid silos, power-mongering, and office politics, while increasing morale, productivity and continued success, you NEED a powerful MEVPIV. (Mission, Ethos, Vision, Purpose, Identity and Values) statements... Promote a sense of shared expectations among all managers and employees. ------What is a shared expectations? Definition & Citations: The understanding that is common to both customer and supplier or between employees and management about each others possible concerns 8. Achieve higher organizational performance. -------A good mission statement creates an environment that encourages everyone to produce high-quality work and hold high standards for themselves. Employees can engage with a company's core values by reading its mission statement and applying those ideas to their work 9.Achieve synergy among all managers and employees.----meaning of synergy: the interaction or cooperation of two or more organizations, substances, or other agents to produce a combined effect greater than the sum of their separate effects