Discuss your experience both positive and negative with stra

Discuss your experience (both positive and negative) with strategic planning in general, and your thoughts regarding the effectiveness of Vision and Mission statements for organizations. Give examples to illustrate your discussion points. Also, discuss the role of leadership in strategic planning.

Solution

A mission statement is a statement which is used as a way of communicating the purpose of the organization 1.00 serve as filters to separate what is important from what is not 2.00 clearly state which markets will be served and how, & 3.00 communicate a sense of intended direction to the entire organization. A mission is different from a vision: A mission is something to be accomplished whereas a vision is something to be pursued for that accomplishment. Also called company mission, corporate mission, or corporate purpose Mission: It is like a goal for what the company wants to do for the world A mission statement is all about how an organisation will get to where they want to be and makes the purposes and objectives clear, whereas, A vision statement is outlining where the organisation wants to be in the future. Positive sense: From Mission: 1 Provides Direction 2 Clear Puropse From Vision: 1 Focus company efforts 2 Help companies differentiate from competitors Negative sense: From Mission: 1 Unrealistic 2 Waste of resources From Vision: 1 When vision does not match day-to-day company policy 2 Not paired with company initiatives to communicate and reinforce the vision Example: TATA STEEL: VISION & MISSION The long journey of Tata Steel has seen the Company re-define its performance parameters in a number of ways to become the global steel industry benchmark for value creation and corporate citizenship.It ensures a total commitment to its ethical business practices and a people oriented vision Vision: We make the difference through: Our People Our Offer Our Innovative Approach Our Conduct Mission: Consistent with the vision and values of the founder Jamsetji Tata, Tata Steel strives to strengthen India’s industrial base through the effective utilization of staff and materials. The means envisaged to achieve this are high technology and productivity, consistent with modern management practices Tata Steel recognizes that while honesty and integrity are the essential ingredients of a strong and stable enterprise, profitability provides the main spark for economic activity Overall, the Company seeks to scale the heights of excellence in all that it does in an atmosphere free from fear, and thereby reaffirms its faith in democratic values Role Of Leadership in building Strategic planning: Leadership refers to a manager’s potential to express a strategic vision for the organization, or a part of the organization, and to motivate and persuade others to acquire that vision Effective strategic leaders: 1 Loyalty 2 Keeping them updated 3 Judicious use of power 4 Have wider outlook 5 Motivation 6 Self- Control 7 contancy 8 Social Skills To conclude, Strategic leaders can create vision, express vision, passionately possess vision and persistently drive it to accomplishment.