Strategic Managment

mint Vs. boot

Mission education: What is our personal line of credit?
(Sometimes called Creed Statement a relation of purpose, a statement of beliefs, a statement of business principles or a statement of defining the business)

Vision Statement: What do we want to become?

Characteristics of Vision Statement

1. written: A well-stated quite a little paints a picture of the kind of companionship that management is trying to create and the market position the companionship is striving to stake out.
2.Directional: A well-stated trance says something about the companys journey or destination and signals the kinds of business and strategic changes that will be forthcoming.
3.Focused: A well-stated vision is specific enough to provide managers with guidance in qualification decisions and allocating resources.
4.Flexible: A well-stated vision is not a once-and-for-all-time-pronouncement-visions about a companys future path may need to change as events unfold and circumstances change.
5.workable: A well-stated vision is within the realm of what the company send away reasonably expect to achieve in due time.
6. preferable: A well-stated vision appeals to the long-term interests of stakeholders particularly sh areowners, employees and customers
7.



Easy-to-Communicate: A well-stated vision is explainable in less than 10 minutes and ideally can be reduced to a simple, i.e. a railcar in every garage-Ford Company

Components of a Mission Statement

1.Customers: who are the devoteds customers?
2.Pro, growth and Profitability: Is the firm committed to growth and financial soundness?
3.Philosophy: What are the basic beliefs, values, aspirations and ethical priorities of the firm?
4.Self-Concept: What is the firms characteristic competence or major competitive advantage?
5. veneration for public images: Is the firm responsive to social, community and environmental concerns?
6. stir for Employees: Are employees a valuable asset of the firm?
7.ducts or Services: What are the firms...If you want to get a full essay, order it on our website: Ordercustompaper.com



If you want to get a full essay, wisit our page: write my paper