Intro Vision-Mission Biz Plan Basics

Question 1

Business plan overview includes

Answer 1

• Vision & mission
• Target market/service
• Leadership & management
• Location, space, & equipment
• HR & staffing
• Fiscal: net worth & cash flow
• Analytics & quality feedback

Question 2

Describe the plans to meet the need/Close the gap

Answer 2

• Program proposal: pre-approved program now fill in the details
• Feasibility study: financials of the proposed plan and return on investment
• Business plan (Pro-forma): comprehensive includes all of the above, may have multiple programs in the same plan

Question 3

Define vision

Answer 3

• Sets the ideal future of the organization

Question 4

Define mission

Answer 4

• What the organization does, what it stands for

Question 5

Define values

Answer 5

• What’s important to the organization

Question 6

Define goals

Answer 6

• Clarifies accountability, metrics for assessment

Question 7

Describe visions

Answer 7

• Broad overriding goal
• Determines direction
• Realistic picture of the future
• Serve to: energize an organization, give meaning to work, & standard of excellence

Question 8

Describe mission statements

Answer 8

• Path to realizing the future
• Source or power and sense of purpose
• What an organization OUGHT to be doing
• Principles and standards (a call for action)
• Answers questions about an organization: what does it want to be remembered for, what are its unique strengths and weakness, & how is it distinguished from competitors

Question 9

Mission statement checklist

Answer 9

• Clear statement of purpose and priorities
• Reflects values or beliefs (culture) of the organization
• Presents the unique attributes of the organization
• Infers the roles of stakeholders in the organization
• Generates commitment to and pride in the organization
• Consistent with legal and corporate requirements (if applicable) of the organization

Question 10

Describe the goal setting modal, goals must be…

Answer 10

• Phrased in terms of outcomes (accomplishments) not processes
• Measurable
• Challenging but realistic
• Communicated

Question 11

Describe the different types of goals

Answer 11

• Horizon: broad and met over long time span, typically years
• Near-term: short-term goals, are met in the next operating cycle, typically 1 year, progress points toward horizon goals
• Target: very short term and specific to time & measurement, they are accomplished in days or weeks & are consistent with near-term and horizon goals

Question 12

Vision checklist

Answer 12

• Clear, vivid picture of the future of the organization
• Challenging
• Hopeful
• Memorable
• Realistic
• Achievable