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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References: Archives: Why a Strategic Plan is Important? (2006) Online Business Advisor. Retrieved September 9‚ 2009‚ form http://www.onlinebusadv.com/?PAGE=171 Business Resource Software: Mission Statement. (n.d.) Center for Business Planning. Retrieved September 9‚ 2009‚ from http://www.businessplans.org/mission.html CanGo Intranet: Company Information. (n.d.) Mastering Business. Retrieved September 4‚ 2009‚ from http://myphlip2.pearsoncmg
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Chapter 2 Charting a Company’s Direction: Vision and Mission‚ Objectives‚ and Strategy CHAPTER 2 CHARTING A COMPANY’S DIRECTION: VISION AND MISSION‚ OBJECTIVES‚ AND STRATEGY CHAPTER SUMMARY Chapter 2 presents an overview of the managerial ins and outs of crafting and executing company strategies. Special attention is given to management’s direction-setting responsibilities – charting a strategic course‚ setting performance targets‚ and choosing a strategy capable of producing the desired
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The suitability of the standards for customer care which have been set by your chosen organisation. ➢ set out the mission statement and/or company objectives of the organisation selected and comment on them in the light of good practice in relation to customer care which they have studied as part of the course. For example‚ they could state whether or not the mission statement conforms to good practice‚ in what ways it does so and/or in what ways it does not. They could state if (or to what
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Question: ________ serve as a baseline for actions and decision making and guide employees in the organization’s intentions and interests. Your Answer: Values Correct Question: A company’s ____________ is its primary reason for existence. Your Answer: mission Correct Question: The primary resource of all organizations is ____________. Your Answer: employees Incorrect Question: Organizational climates are ____________ corporate cultures. Your Answer: counter-productive to Correct Question: The process
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analysis resulting in a mission statement‚ vision statement‚ goals‚ and strategies. 3.5 Conduct an environmental analysis that includes a consideration of both internal (strengths and weaknesses) and external (opportunities and threats) trends. 3.6 Understand how a gap analysis resulting from a consideration of internal and external trends dictates an organization’s mission. 3.7 Define the concept of a mission statement and describe the necessary components of a good mission statement. 3
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takes the 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
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References: About.com (n.d.). About.com‚ Retail Industry. Blockbuster Company Mission Statement - Media Entertainment‚ Local Convenience. Retrieved from http://retailindustry.about.com/od/ retailbestpractices/ig/Company-Mission-Statements/Blockbuster-Mission-Statement.htm Abraham‚ S. C. (2012). Strategic management for organizations. San Diego‚ CA: Bridgepoint Education‚ Inc. ISBN: 9780984182381 Shedd‚ D. (April 19
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Good evening‚ I am a Development Assistant intern at the American Red Cross. I conduct basic research of potential donors‚ donor data entry‚ clerical data entry‚ and provide general office assistance. In five years I plan on pursuing my dream career as an Attraction’s Executive of my own amusement park and waterpark. I always was a fan of amusement parks and waterparks but what pushed me in this direction was my first roller coaster experience on a roller coaster name The Alpengeist at Williamburg
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carefully devised plan of action to achieve the goals of the organization. For example the mission of the Community South Medical Center is to enhance their health services for the population it serves. Essentially since the organization mission is to enhance their health care services to the population it services then the strategic planning should support the fulfillment of that mission. Based on the mission of the organization‚ goals are developed with action steps and plans for reaching those
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