10-building your company vision

Question 1

company endurance

Answer 1

endurance in companies:core values are fixed strategies change

Question 2

yin and yang of company

Answer 2

yin/yang: core ideology why we exist/ envisioned future what we aspire to become

Question 3

effective vision

Answer 3

any effective vision must embody the yin and core values

core values two elements:
handful of guiding principles to navigate/core purpose is organization’s most fundamental of being

Question 4

disney core values vs products

Answer 4

Disney: core is creativity and wholesomeness/ change the market in order to remain to the core-product comes second then reason for existing is making people happy

Question 5

core values

Answer 5

pg: excellence
hp: respect for individual

Question 6

BHA goals- envision future elements

Answer 6

envisioned future elements:
BHA goals: big hairy audacious goals rev up the whole organization - 10 -30 years
vivid descriptions paint the picture of what it ll be like to achieve those-realizes BHA goals

Question 7

bee hag Sony

Answer 7

Sony:”changed the poor quality of the pictures”-“fifty years from now our brand name will be as well know as any around the word” made in japan mean something fine not shoddy”

Question 8

number of values

Answer 8

there is no universally right sets of values and depends on the identity of the company -3 to 5 and should pass the test of time

Question 9

vison

Answer 9

Question 10

core values of some companies

Answer 10

Question 11

strategy vs purpose

Answer 11

you can achieve a strategy but you can not fulfill a purpose- like a star in horizon an organization should always be creative and pursuing

Question 12

purpose does not change but

Answer 12

purpose does not changes but does inspire change- not a product and statement but solving a general problem- start by product and ask five whys to get to the core

Question 13

core purpose

Answer 13

Question 14

maximizing shareholder values

Answer 14

no core purpose is maximizing shareholder wealth- it is off the shelf purpose

Question 15

what is the purpose of this company so that

Answer 15

what is the purpose of this company so that if we wake up tomorrow billion-are we still come and work here- a clear understanding of purpose to make things meaningful

Question 16

core competence

Answer 16

core competence is different than core ideology but aligned-it can change whereas ideology doesn’t

Question 17

bee hag as

Answer 17

Beehag is a bold and a catalyst for the team spirit -50 to 70 percent of success but continues to propel and excite

Question 18

types be bee hags

Answer 18

beehag 4 types: target/common enemy/role model/internal transformation

Question 19

bee hags pic

Answer 19

Question 20

beehag for a department: see picture

Answer 20

Question 21

vivid discription of bee hags

Answer 21

passion emotions and conviction are essential parts of vivid descriptions

Question 22

organic goals

Answer 22

visionary companies have more organic goals, try many things and keep working ones

Question 23

all vision elements for sony

Answer 23

Question 24

alignment and vision

Answer 24

building a visionary company is 1% vison 99% alignment