ASSIGNMENT -03 VISION‚ MISSION AND VALUES IN DIFFERENT ORGANIZATIONS Prepared For: Prof. Dr. M. Ziaulhaq Mamun Course Instructor Managing Operations (P501) Fall 2013 Prepared By: Tafsir Ahmed ID: ZR1301001 Executive MBA Institute of Business Administration University of Dhaka December 13‚ 2013 1|P a g e VISION‚ MISSION AND VALUES IN DIFFERENT ORGANIZATIONS Definitions: Vision: outlines what the organization wants to be‚ or how it wants the world in which it operates
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PART IV ASSURANCE OF LEARNING EXERCISES CHAPTER 1: The Nature of Strategic Management ASSURANCE OF LEARNING EXERCISE 1A: GATHERING STRATEGY INFORMATION PURPOSE: The purpose of this exercise is to get you familiar with strategy terms introduced and defined in Chapter 1. Let’s apply these terms to McDonald’s Corporation (stock symbol = MCD). INSTRUCTIONS: 1. Go to www.mcdonalds.com‚ which is McDonald’s Web site. Click on the word Search. Then type the words Annual Report
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An Eye on Hope Miracles do happen. Don’t believe me? Ask that boy whose eyes would finally be able to see how the face of his mother is much more beautiful than even that angelic face that he had always imagined while listening to the lullabies she sang for him or how his cricketing hero actually looks like or how his kingdom of sand – that the world calls as a playground - actually bore the signs of his footsteps or how the faces of his friends‚ who cheered for him for being specially-abled or
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Strategic Planning: The Managerial Agenda If asked what strategic planning is one could interpret it as simply a road map that can guide the organization in the right direction. It is very unlikely that an organization would know which direction to take without a sense of direction. Managers are faced every day with decisions that have a major impact on the direction the organization must take‚ therefore‚ strategic planning can play an important role in guiding managers in the right direction
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1. A decision is a choice made between two or more alternatives. 2. A significant decision can have a large impact on the management system itself as well as the manager who makes them. Insignificant decisions affect only a small number of company members‚ costing very little to carry out and producing only a short term effect on the company. 3. Night club managers would have to make programmed and non-programmed decisions while working. Traditionally they would make decisions out of
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Describe specific benefits for adopting the course of action set forth in your solution 5- State a call to action. For Steve Jobs‚ it’s as simple as saying « Now go out and buy one » Quotations : Base-line = slogan Mission statement : -Defines a company’s basic business and purpose -Ensures employees and all stakeholders are pointed in the same direction. Example : « Bringing the best to everyone we touch ». By « the best »‚ we mean the best beauty products. The best
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longest process not only to realize‚ but ultimately to fix. 28: The importance of a vision and mission statements is vital to any organization. For a company’s vision‚ is having a purpose for the future; it will reflect the decisions that the company faces in the past‚ present‚ and future. In other words it will guide the company towards what it will want to be in the future. Mission statements are equally important‚ when sometimes the vision seems so far away‚ it’s a good reminder for the company
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all of the following EXCEPT: A. Examining a company’s strengths and weaknesses B. Determining which of an organization’s goals to pursue C. Relying Solely on managerial input D. Allocating resources to purse goals Question Two: A company’s mission statement would answer which of the following questions? A. How are we different from our competitors? B. What do we make? C. Why do we exist? D. What will our company be doing in 10 years? Question Three: All of the following are considered noncontrollable
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profit but also needs strategy on how to continue growing and to sustain profitability. It is important for organizations to develop a mission statement with a vision and values of its organization to guide the members in the right direction. Although they may sound one in the same‚ a mission and a vision statement are entirely different. “The company mission describes the company’s product‚ market‚ and technological areas of emphasis in a way that reflects the values and priorities of the strategic
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QUESTION 2: b) Explain the importance of the mission statement‚ the vision and the goal of an organization A mission statement defines what an organization is‚ why it exists‚ its reason for being. It helps guide the actions of the organization‚ spell out its overall goal‚ provide a path‚ and guide decision-making. A vision statement is a description of a company’s values and its long-term goals. It helps an organization prepare for the future. A goal is an observable and measurable end result
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