Lesson 4 Flashcards
Describes the aspirations for the future for your organization
Vision
What your organization does and for whom.
Mission
The beliefs, principles and philosophy of your organization.
Values
describes or identifies where the organization intends to be in the future.
Vision Statement
Whether for all or part of an organization, answers the question, “Where do we want to go?’
Vision statement
It describes the long-term goals for a company or organization,
Vision statement
are lofty and ambitious, and they dont contain details or steps for achieving those goals.
Vision statement
are distinct from mission statements, though the two may inform one another.
Vision Statement
describes what the organization needs to do now to achieve the vision.
Mission statement
It defines how the organization will be different from the other organizations in its industry.
Mission statement
outlines a company’s goals and position in the industry for its customers and other stakeholders.
Mission statement
It helps the organization focus and stay on track to make the right decisions about its future.
Mission statement
helps clarify a company’s purpose.
Mission statement
a company’s customers and investors can rest assured that the company is fully committed to achieving its golas and maintaining its values.
Mission statement
It guides and motivates employees, keeping them in line with the company’s values
Mission statement
defined as an intermediate result to be achieved by a certain time as part of the grand plan. A plan can, there for have many goals.
Goal
are short term (one year or less) milestones or benchmarks that organizations must achieve in order for long term objectives to be reached.
Goal
should be measurable, quantitative, challenging, realistic, consistent and prioritized.
Goal
are generically for an achievement or accomplishment for which certain efforts are put.
Goal
represent a managerial commitment to achieve specific results in a specified period of time.
Objective
They clearly spell out the quantity and quality of performance to be achieved, the time period, the process and the person who is responsible for the achievement of the objective
Objective
are end results of planned activity.
Objective
state what is to be accomplished by when and should be quantified if possible.
Objective
specific
targets within the general goal.
objective
time related to achieve certain task.
objective
are border than objectives in the sense that goals are general intentions and are not specific enough to be measured.
Goals
are narrow and are set for certain tasks in particular.
Objectives
are general while objectives are specific.
Goals
are just general intentions towards the attainment of something while objectives are precise actions for accomplishment of a specific task.
Goals
important in - strategy implementation
Goal
are in - strategy formulation
Objective
are a defined system of beliefs that helps people tell the difference between right from wrong.
Core values
These are the organizations essential and enduring general guiding principles; for the conduct and behavior of the members of the organization in realizing the vision.
Core values
Organizational or companys values serve as guiding principles for words and actions and as markers of identity.
core values
an organization underlie all activity, including the strategies used to fulfill a purpose, and how the members of the organization interact with one another.
core values
They are the core elements of how people approach their work.
core values
desirable state rather than existing state.
core values
