Week 4: VGMO Formulation Flashcards
•What we want to become?
Vision
How we gauge our degree of success
Goals and Objectives
Who we are and what we value?
Mission
• Even though we frequently talk about mission and vision first, the basic underlying foundation for both are our ____ _____
- are the principles and standards at the very center of our character, and from which we will not budge or stray.
Core Values
is a future-oriented declaration of the organization’s purpose and aspirations.
• “A mental image of what the future will or could be like” (Concise Oxford English Dictionary)
• ______ statements are relatively brief
• ______ statements answer the question “Where is this organization going?”
Vision
A good vision in general has six (6) characteristics
- Imaginable
- Desirable
- Feasible
- Focused
- Flexible
- Communicable
clear enough to provide guidance in making decisions
Focused
appealing to the long term interest.
Desirable
conveying a picture of what the future look like
Imaginable
Realistic and attainable
Feasible
general enough to allow individual initiative and differing
responses in the light of changing conditions
Flexible
easy to communicate and explainable effectively within five minutes
Communicable
Why is a vision for change necessary?
• A vision of change can determine survival.
• Examples of national visions for
transformation is that of Malaysia:
In the 1980s, then Prime Minister Mohamed Mahathir’s “Vision 2020” for Malaysia would be a fully developed nation by 2020 according to OECD criteria in respect of literacy, education and health.
• A _______ statement communicates the organization’s reason for being, and how it aims to serve its key stakeholders.
• _______ statements are often longer than vision statements. Sometimes _______ statements also include a summation of the firm’s values.
• ______ statements answer the questions of “Who are we?” and “What does our organization value?”
Mission
