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A Presentation On Vision and Mission of An Organization

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A PRESENTATION ON VISION AND

MISSION OF AN ORGANIZATION

VIPUL JAIN
06935103918
Strategic Management
MBA EVE(B)-4th semester
THE MEANING OF ORGANIZATION’S VISION

A vision describes or identifies where the organization intends to


be in the future. It is realistic, credible, attractive and future
oriented. In general the vision describes some milestone that the
firm will reach in the future.
When developing a vision statement, it should be seen that the
following questions are answered :
• What do we want to do going forward?
• When do we want to do it?
• How do we want to do it?
CHARACTERISTICS OF VISION
1.Any vision must be clear. it should be direct, says something
about company’s destination.
2.It has to be realistic. It has to be within the company’s ability
to achieve it.
3.The vision statement must be shorter. Easy to communicate,
memorize and explained clearly.
4.It must reflect the uniqueness of the organization.
5.It must be focused. It must be specific enough to provide
managers with guidance in decision making and allocating
resources.
6.Alignment with organizational values and culture.
PROBLEMS IN SOME VISION STATEMENTS

1.Incomplete: It is short on specifics about where the company


is headed.
2.Vague: It doesn’t provide much indication of whether or how
management needs to alter the company current
products/market, customer and technology.
3.Bland: Lacking motivational power.
4.Not distinctive (lacks uniqueness): some vision lacks
uniqueness in a way that it could be applied almost on any
company .
5.It is so broad that it really doesn’t rule out any opportunity
that management might opt to pursue.
CONTRIBUTION OF VISION IN STATEGY
FORMULATION

1.It provides a clue about where the


organization is heading in the future.
2.A vision place an organization in unique
position.
3.A vision plays a role in policy formulation and
implementation.
MISSION STATEMENT
It is the statement of the role by which an organization
intends to serve its stakeholders.(what is our business?).
It describes what an organization does, who it serve and
what makes an organization unique. It explains the reasons for
firms existence, why and where the organization is operating
and thus it provides frame work within which the strategy are
formulated. When developing a mission statement, it should
be seen that the following questions are answered:
• What do we do today?
• For whom do we do it?
• What is the benefit?
FEATURES OF A MISSION STATEMENT

1.It must be feasible and attainable.


2.It must be clear enough.
3.It has to be precise: the formulated mission
should not be too broad or too narrow.
4.It must be unique and distinctive to leave an
impact in everyone’s mind.
5.It should be insipiring for the management,
staff and society at large.
ROLE OF MISSION STATEMENT IN STRATEGY
FORMULATION

1.It helps the organization to clarify aspirations.


2.It serves as reference point.
3.It must decide the direction in which the
organization proceeds.
MISSION STATEMENT VISION STATEMENT
A Mission statement talks about how A Vision statement outlines
the firm will get to where it wants to where the firm want to be.
be. It defines the purpose and primary Communicates both the
objectives related to customer needs purpose and values of the
and team values. business.

A mission statement talks about the A vision statement talks about


present leading to its future. the firms future.

It lists the broad goals for which the It lists where the firm see itself
organization is formed. Its prime some years from now. It
function is internal; to define the key inspires a firm to give its best.
measure or measures of the It shapes the understanding of
organization's success and its prime the firm.
audience is the leadership, team and
stockholders.

It answers the question, “What do we It answers the question,


do? What makes us different? “Where do we aim to be?”

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