Case 22
Briefly assess the current status and any issues with regard to: strategic vision, mission statement, core values, objectives, and strategy in the Robin Hood case. Offer brief remarks on addressing the situation.
Strategic vision-describes management’s aspirations for the future and delineates the company’s strategic course and long-term direction
Mission Statement- describes its purpose and its present business (Who we are, what we do, and why we are here)
Core Values- are the beliefs, traits, and behavioral norms that company personnel are expected to display in conducting the company’s business and pursuing its strategic vision
Objectives- relate to target outcomes that indicate a company is strengthening its market standing, competitive position, and future business prospects
Strategy- is its action plan for outperforming its competitors and achieving superior profitability
Robin Hood’s strategic vision was to remove the sheriff from office. His strategic vision was a good beginning but was not completed and after that all other concepts went downhill. The strategy that Robin was using caused the growth of the organization merry man but with this increase in men came a decrease in the funds and food. Robin Hood’s mission statement “Rob the rich and give to the poor” did not answer all the questions that are asked when developing this statement. This statement describes only what they do and does not cover who they are and why they are here. Having a weak strategy also gave Robin a weak core values, and objectives. There was not enough guidance for the discipline for all the men and people came to avoid the forest and that deceased the funds collected. The objectives were not truly stated in the beginning. He will need to come up with a stronger strategy and mission statement if he wants to achieve his strategic vision.
References
Robin Hood SWOT Analysis and Strategy Recommendations | InfoRefuge. (n.d.). Retrieved from
Strategic vision-describes management’s aspirations for the future and delineates the company’s strategic course and long-term direction
Mission Statement- describes its purpose and its present business (Who we are, what we do, and why we are here)
Core Values- are the beliefs, traits, and behavioral norms that company personnel are expected to display in conducting the company’s business and pursuing its strategic vision
Objectives- relate to target outcomes that indicate a company is strengthening its market standing, competitive position, and future business prospects
Strategy- is its action plan for outperforming its competitors and achieving superior profitability
Robin Hood’s strategic vision was to remove the sheriff from office. His strategic vision was a good beginning but was not completed and after that all other concepts went downhill. The strategy that Robin was using caused the growth of the organization merry man but with this increase in men came a decrease in the funds and food. Robin Hood’s mission statement “Rob the rich and give to the poor” did not answer all the questions that are asked when developing this statement. This statement describes only what they do and does not cover who they are and why they are here. Having a weak strategy also gave Robin a weak core values, and objectives. There was not enough guidance for the discipline for all the men and people came to avoid the forest and that deceased the funds collected. The objectives were not truly stated in the beginning. He will need to come up with a stronger strategy and mission statement if he wants to achieve his strategic vision.
References
Robin Hood SWOT Analysis and Strategy Recommendations | InfoRefuge. (n.d.). Retrieved from
References: Robin Hood SWOT Analysis and Strategy Recommendations | InfoRefuge. (n.d.). Retrieved from http://www.inforefuge.com/robin-hood-swot-analysis