mission, vision, values, and strategy Flashcards
Mission
communicates the organization’s reason for being, and how it aims to serve its key stakeholders. Used to build motivation.
Vision
the declaration of the organization’s purpose and inspiration is mostly future-oriented.
the worst mission vision, and values are
Boilerplate: refers to media publications that are reused and unoriginal
Organizing
the function of management that involves developing an organizational structure and al
Leading
involves influencing others toward the attainment of organizational objectives. Leading and leadership are nearly synonymous with the notions of mission and vision”
Controlling
involves ensuring that performance does not deviate from standards
sometimes controlling can lead to this negative sense of measurement
Metrics can sometimes be bad for reward systems.
what are 3 indicators
lagging, pacing, and leading
what do 3 indicators represent
lagging; is what the company has done. pacing: is where the company is in real time. leading is trends of where the company is going based on trends
strategizing
what the organization will and won’t do to achieve specific goals and objectives where such goals and objectives lead to the realization of a stated mission and vision” p. 185
strategy in simple terms from a company perspective
it’s how
capabilities
the things that we know well or exclusively. could also be human resources
Activities
part of strategizing. the things we do and do well utilizing our people
companies often have these two areas to stay competitive. this is part of the blank implementation
being low cost. 2. Having a novelty product or service. this is part of strategy implementation.
rank these in terms of ability to change. Mission, strategy, vision, and values.
M. 2. S. 1 V. 3