8 - Expressing organisational purpose Flashcards

1
Q

2 learning outcomes - chapter 8

A
  • consider and analyse how the core aspects of the strategic journey: vision, mission, objectives and goals, contribute to and help to shape the purpose of the organisation
  • apply different models to the analysis of organisational purpose
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2
Q

Org purpose has to be segregated and viewed from 3 different time dimensions:

A

Past
Present
Future

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3
Q

Org purpose segregated and viewed from ‘Past’ dimension - 4 Qs

A

What can we learn from org’s history?

Have there been previous definitions or purpose and strategy?

What has been used to benchmark progress?

How has success been measured and recognised?

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4
Q

Org purpose segregated and viewed from ‘Present’ dimension - 4 Qs

A

What are today’s values?

Is the prevailing culture oblivious to, resistant to, or in need of change?

What are the restraining forces and parameters of today?

How is success measured today?

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5
Q

Org purpose segregated and viewed from ‘Future’ dimension - 4 Qs

A

What needs to change, and why?

Are the strategic views of different players disparate of aligned?

How far ahead can we realistically visualise?

What will be the success measures of the future?

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6
Q

Strategy Model - which three elements make up the tactical plan? (top left circle)

A

Implement - fulfilling tasks which have been defined as required and expected

Monitor results - in order to understand whether the strategy is working as expected

Adjust - people are empowered to make adjustments within parameters of current tactical plan

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7
Q

5 reasons why vision is fundamental aspect of development and challenging of strategy

A
  • Starts the process (awareness of need for change)
  • Requires a challenge to the purpose - is this being fulfilled?
  • Challenges existing perceived boundaries
  • Requires more than just extension of replication of current picture
  • Provides challenge for people involved
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8
Q

What does organisational vision identify?

A

A picture of the perceived outcome

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9
Q

What does organisational mission define?

A

The rationale and the values (of the vision)

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10
Q

Maccoby on organisational missions

A

Needs to be emotionally driven - emotionally charged needs and values of people involved need to be shaped into value system which gives mission of underlying drive and commitment from core players

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11
Q

Maccoby - 6 core aspects of human emotion to consider when shaping and developing meaning within organisational mission

A

Survival - defence of oneself/group
Relatedness - need to interact with others
Play - drive to explore/innovate
Information - desire to understand/learn
Dignity - need to feel part of while and recognise individual role
Mastery - requirement to feel control of part of what we do

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12
Q

Lynch - 5 core traits (elements) that tend to sit within mission statement

A
  • Nature of business
  • Focus on needs of customer/consumer
  • Values and beliefs of org
  • Element of sustainable competitive edge
  • Reasons for existence
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13
Q

Argenti on mission statements

A
  • More to do with public relations then strategic planning
  • Useful crafted output from planning process that should not be an input into that process
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14
Q

Ashbridge mission model - 4 elements

A
  • Purpose (why?)
  • Values held by organisation and employees (who? what?)
  • Standards and behaviours (how?)
  • Strategy (when? where?)
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15
Q

Distinguish between goals and objectives

A

Often used interchangeably, usually defined by how each org/individual uses them.

Mintzberg suggested an objective is a goal expressed in the form by which its attainment can be measured

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16
Q

What do strategic objectives do?

A

Place vision and mission into a series of organisational statements and outcomes

17
Q

___________ thinking and ___________ objectives lead to ___________ results

A

SMART

18
Q

SMART - S (4)

A

Specific
Special
Significant
Seismic

19
Q

SMART - M (4)

A

Measurable
Meaningful
Motivational
Massive

20
Q

SMART - A (5)

A

Attainable
Achievable
Acceptable
Action-based
Accelerating

21
Q

SMART - R (4)

A

Realistic
Relevant
Rational
Rewarding

22
Q

SMART - T (4)

A

Timely
Traceable
Testing
Transforming

23
Q

Purpose of SMART

A

Provide a structure through which a series of criteria can be assessed

24
Q

What is the ‘triple bottom line’?

A
  • Financial performance
  • Addition of value to shareholders and - stakeholders
  • Impact upon economy, environment and society
25
Q

Why should strategic alternatives always be considered?

A

There will always be more than one way to achieve the desired vision