mission, vision, values, and strategy Flashcards

1
Q

Mission

A

communicates the organization’s reason for being, and how it aims to serve its key stakeholders. Used to build motivation.

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2
Q

Vision

A

the declaration of the organization’s purpose and inspiration is mostly future-oriented.

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3
Q

the worst mission vision, and values are

A

Boilerplate: refers to media publications that are reused and unoriginal

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4
Q

Organizing

A

the function of management that involves developing an organizational structure and al

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5
Q

Leading

A

involves influencing others toward the attainment of organizational objectives. Leading and leadership are nearly synonymous with the notions of mission and vision”

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6
Q

Controlling

A

involves ensuring that performance does not deviate from standards

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7
Q

sometimes controlling can lead to this negative sense of measurement

A

Metrics can sometimes be bad for reward systems.

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8
Q

what are 3 indicators

A

lagging, pacing, and leading

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9
Q

what do 3 indicators represent

A

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

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10
Q

strategizing

A

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

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11
Q

strategy in simple terms from a company perspective

A

it’s how

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12
Q

capabilities

A

the things that we know well or exclusively. could also be human resources

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13
Q

Activities

A

part of strategizing. the things we do and do well utilizing our people

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14
Q

companies often have these two areas to stay competitive. this is part of the blank implementation

A

being low cost. 2. Having a novelty product or service. this is part of strategy implementation.

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15
Q

rank these in terms of ability to change. Mission, strategy, vision, and values.

A

M. 2. S. 1 V. 3

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16
Q

true or false SWOT analysis can be used all across the board.

A

true. form sole entrepreneurs to boards of executives of multinational organizations.

17
Q

What are internal to businesses in SWOT

A

Strengths and Weaknesses

18
Q

What can SWOT Be used for

A

it can be used to leverage your strengths to take opportunity of weaknesses, identify your weaknesses to mitigate your threats

19
Q

what are external to business in SWOT

A

Threats and Opportunities

20
Q

Opportunities examples

A

growing market, unmet customer demand, and low interest needs.

21
Q

Management by objectives

A

upper-level managers typically encourage their employees to set company objectives and goals

22
Q

true or false it is easy with mission by objectives to get lost in the goals

A

true

23
Q

refers to the forces within a person that affects persistency, intensity, and direction of voluntary behavior.

A

Motivation

24
Q

Motivation can sometimes be measured with

A