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Vision Mission Objective Goal

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Vision Mission Objective Goal

Uploaded by

Nabila Hanis
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© © All Rights Reserved
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Download as PDF, TXT or read online on Scribd
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Vision , Mission ,

Objectives and Goals


Strategic Intent

1. Vision

2. Mission

3. Objectives

4. Goals
Vision
Defining Vision

“description of something in the future”

“mental perception of the kind of


environment an individual, or an
organization, aspires to create within a
broad time horizon and the underlying
conditions for the actualization of this
perception”
Vision

Strategic intent should lead to an end.


That end is the vision of an organization or
an individual.
It is what the firm or a person would
ultimately like to become.
Examples

BSNL Vision Statement

“To become the largest telecom service


provider in Asia.”

Walt Disney vision Statement

“Make people happy”

Stokes Eye Clinic, Florence, South Carolina

“Our vision is to take care of your vision.”


Characteristics

1. Vision is developed through sharing


across an organization

2. Methods of convincing the others


about vision

3. Change agents
Benefits of having a vision

Good visions are inspiring and exhilarating.


Good vision foster long term thinking.
Good vision foster risk-taking and
experimentation.
Good vision help in the creation of a common
identity and a shared sense of purpose.
Good visions are competitive, original and unique.
Good visions represent integrity, they are truly
genuine and can be used for the benefit of people.
Vision Statement

A vision statement answers the question,

“ What will success look like?”

The pursuit of this image of success is what


motivates people to work together.
Example vision statement

Infosys

Vision “To be a globally respected


corporation that provides best-of-
breed business solutions, leveraging
technology, delivered by best-in-
class people."
VISION

Our Vision is to be the world’s mobile


communication leader – enriching
customers’ lives, helping individuals,
businesses and communities be more
connected in a mobile world.
Mission
Mission
Organizations relate their existence to satisfying
a particular need of the society. They do it in
terms of their mission.

Mission is a statement which defines the


role that an organization plays in a society.

It refers to the particular need of that society for


instance, its information needs.
Defining Mission

“essential purpose of the organization, concerning


particularly why it is in existence, the nature of the
business it is in, and the customers it seeks to serve
and satisfy.”

“purpose or reason for the organization’s existence.”

“mission is an enduring statement of purpose that


distinguishes one firm from other similar firm.”
In short the mission describes the
product, market and technological
areas of emphasis for the business.
Example Mission Statement:

NewPort News Shipbuilding

“We shall build good ships here –


at a profit if we can – at a loss if we
must – but always good ships”
Characteristics
1. Feasible
2. Precise
3. Clear
4. Motivating
5. Distinctive
6. Indicates major components of strategy
Need for an explicit mission
To ensure unanimity of purpose within the
organization.
To provide a basis for motivating the use of the
organizations resources.
To develop a basis, or standard, for allocating
organizational resources.
To establish a general tone or organization
climate.
To serve as a focal point for those who can
identify with the organization’s purpose and
direction.
Mission Statement

“A mission statement is an enduring


statement of purpose that distinguishes
one business from other similar firms. A
mission statement identifies the scope of
a firm’s operations in product and market
terms.”
BSNL mission

“To provide world class state of art technology


telecom services to its customers on demand
at competitive prices.

To provide world class telecom infrastructure


in its area of operation and to contribute to the
growth of country’s economy.”
The mission statement of an organization is normally

short, to the point, and contains the following

elements:

Provides a concise statement of why the

organization exists, and what it is to achieve;

States the purpose and identity of the

organization;

Defines the institution's values and philosophy;

and

Describes how the organization will serve those


Formulating mission

1. What is the basic purpose of your organization?


2. What is unique about your organization?
3. What is in your company that will make it stand
out in a crowd?
4. Who are, and who should be, your principal
customers?
5. What are the basic beliefs, values and
philosophical priorities of your firm?
MISSION
Driving in a wireless world
Vodafone is primarily a user of technology
rather than a developer of it, and this fact is reflected
in the emphasis of our work programme on enabling
new applications of mobile communications, using
new technology for new services, research for
improving operational efficiency and quality of our
networks, and providing technology vision and
leadership that can contribute directly to business
decisions.
Infosys

Mission “"To achieve our


objectives in an environment of
fairness, honesty, and courtesy
towards our clients, employees,
vendors and society at large."
A Vision statement describes what the
organization would like to become.

A Mission statement describes what the


organization is now.

“What the company is providing to society?”


Ford sample vision statements

Early 1900s: Democratize the automobile


Current: To become the world's leading
Consumer Company for automotive products and
services.

Honda sample vision statements


1970: We will destroy Yamaha
Current: To Be a Company that Our
Shareholders, Customers and Society Want
Example Mission Statements

Wal-Mart "To give ordinary folk the chance to buy


the same thing as rich people."
Mary Kay Cosmetics "To give unlimited
opportunity to women."
3M "To solve unsolved problems innovatively"
Google's mission is “to organize the world's
information and make it universally accessible
and useful.”
Objectives
Objectives

Objectives represent a managerial commitment to


achieve specified results in a specified period, of
time. They clearly spell out the quantity and quality
of performance to be achieved, the time period,
the process and the person who is responsible for
the achievement of the objective.
“Objectives are end results of
planned activity”

“Objectives state what is to be


accomplished by when and should
be quantified if possible.”
Example Objectives

Minnesota Mining & Manufacturing


(3M)

Financial objectives
1. To achieve 10% growth in earnings
per share.
2. To achieve 20% - 25% return on
equity.
3. To achieve 27% return on capital
employed.
Characteristics
1. Objectives form a hierarchy
2. Objectives form a network
3. Multiplicity of objectives
4. Long and short range objectives
Areas of objectives
1. Markets
2. Productivity
3. Innovation
4. Product
5. Profitability
6. Financial resources
7. Physical facilities
8. Organization structure and activities
9. Manager performance and
development
10. Employee performance and attitude
11. Customer service
12. Social responsibility
Importance of objectives
1. Objectives help to define the organization in its
environment
2. Objectives help in coordinating decisions and
decision-maker
3. Objectives help in formulating strategies

4. Objectives provide standards for assessing


organizational performance
Objectives of BSNL

National Plan Target of 500 million subscriber base


for the country by December 2010.

Broadband customers base of 20 million in the


country by 2010 as per Broadband policy 2004.
Factors affecting Objectives
1. Forces in the environment
2. Internal forces
3. The value systems of the top
executives
Goals
Goal

Goal is defined as an “intermediate result


to be achieved by a certain time as part of
the grand plan . A plan can, there for have
many goals.”
Goals are short term (one year or less) milestones
or bench marks that organizations must achieve in
order for long term long term objectives to be
reached.

Goals should be measurable, quantitative,


challenging, realistic, consistent and prioritized.
A set of goals is needed for each
objective that is established in an
organization.
Goals have the following features
They:
1. Are derived from objectives
2. Offer a standard for measuring performance
3. Are expressed in concrete terms

4. Are time bound and work oriented.


Goals are important in – Strategy
implementation

Objectives are in – strategy formulation


Goals are an expected or desired outcome of a
planning process. Goals are usually broad,
general expressions of the guiding principles
and aspirations of an organization.

Objectives are precise targets that are


necessary to achieve goals. Objectives are
detailed statements of quantitatively or
qualitatively measurable results the plan hopes
to accomplish.
San Antonio Multi-Service Market
Mission: Maximize Utilization of the Direct Care System in the San
Antonio Multi-Service Market Area
Vision: A World-Class, Multi-Service, Unified Health System Serving San
Antonio and Referred Beneficiary Market
Goals:
Optimize efficiency between direct and private sector care markets
Eliminate duplicate services
Increase synergy and cooperation among San Antonio MTFs
Ensure patient satisfaction with access and quality service
Strengthen Readiness by allocating appropriate mix of resources
Collaborate support functions across the market
Objectives:
Establish the Consult and Appointing Management Office
Increase RWPs / RVUs in the direct care system per the business plan
Consolidate logistical and contracting functions
Realign staff resources to meet patient demand
Establish enrollment sites to meet changing patient demographics
Enroll eligible beneficiaries up to capacity
Jyothimon C
S2 - Technology Management
Dept. Futures Studies
University of Kerala
[email protected]

Thank You
Referred books

Strategic Management- A book on business policy / Corporate


planning
Francis Cherunilam
Strategic Management
J. David Hunger & Thomas L Wheelen

Strategic Management
Garth Salonee , Andrea Shepard & Joel Podolny

Article

Vision, Mission and Objectives of Business -


Shanmuga Rao. Pandala
Dr. N. V.S. Suryanarayana

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