...Gillette's (G) Mission Statement As of this writing, Gillette is in the process of being bought out by Proctor & Gamble. The Gillette Company is a globally focused consumer products marketer that seeks competitive advantage in quality, value-added personal care and personal use products. We are committed to building shareholder value through sustained profitable growth. VISION The Gillette Company’s Vision is to build Total Brand Value by innovating to deliver consumer value and customer leadership faster, better and more completely than our competition. This Vision is supported by two fundamental principles that provide the foundation for all of our activities: Organizational Excellence and Core Values. Attaining our Vision requires superior and continually improving performance in every area and at every level of the organization. Our performance will be guided by a clear and concise strategic statement for each business unit and by an ongoing Quest for Excellence within all operational and staff functions. This Quest for Excellence requires hiring, developing and retaining a diverse workforce of the highest caliber. To support this Quest, each function employs metrics to define, and implements processes to achieve, world-class status. CORE VALUES As we work toward our Vision, three core Values define the way we operate: ACHIEVEMENT We are dedicated to the highest standards of achievement in all areas of our business. We strive to consistently...
Words: 295 - Pages: 2
...Gillette Mission Statement: “Our mission is to achieve or enhance clear leadership, worldwide, in the existing or new core consumer product categories in which we choose to compete”. SWOT ANALYSIS: Strengths: * They are undisputed market leader as they have the greatest market share all over the world. * They have been performing for more than hundred years so they have very sound goodwill in the market. * They have a very big distribution system. Their products are sold all over the world and people purchase their products by asking the name of Gillette. * Their research and development centers are very efficient and effective. They are very innovative. All the time they are introducing new differentiated products with high quality and more customer satisfaction. * Their adve0rtising campaigns are very attractive and customer attention seeking. * They are very much concerned about their customers. * They have diversified business with 85 product categories that reduces risk and increases profitability. * Good displays and presentation of their products in Retail Stores make them prominent among their competitors. * They upgrade their products according to the changing environment keeping in view their customer’s need. For example, they launched shaving foams, dry shaving systems which are time efficient and easy to use. * They take maximum social responsibilities for environment and society. In this way, they contribute a lot to...
Words: 1447 - Pages: 6
...Criteria of a Good Mission Statement Changing the mission or creating an organization’s first mission statement is a process of gathering ideas and suggestions for the mission and honing them into a short, sharply focused phrase that meets specific criteria. An effective mission statement clearly defines who the customer is and what services and products the business intends to provide. It also serves as a guide for day-to-day operations and as the foundation for future decision-making. The following are criteria for a good mission statement: The Mission Statement is Focuses on Satisfying Customer Needs A mission statement should focused on satisfying customer needs rather than being focused on the product. Products and technologies eventually become outdated, but basic market needs may last forever. A market-oriented mission statement defines the business in terms of satisfying basic customer needs. For examples refer to the following “Market-Oriented Business Definitions” table. (Kotler p.49) The Mission Statement Tells “Who” Our Customers are. (Thompson Strickland, p.30) Who is being satisfied? A company should define the type of customers it wishes to serve. Which customer groups it is targeting. Customer groups are relevant because they indicate the market to be served, the geographic domain to be covered, and the types of buyers the firm is going after. The Mission Statement Explains “What” Customer Needs Our Company is Trying to Satisfy. What customer needs is the...
Words: 5396 - Pages: 22
...Mission Statement: Level 1 Founded in 1962, Wal-Mart has continued to uphold its mission statement of “Save Money. Live Better.” Wal-Mart shows commitment and appreciation to its customers by valuing them through everyday low prices. Customers can trust Wal-Mart because of their low price guarantee. Building a relationship with customers is an essential part of Wal-Mart’s mission because it allows them to meet their customers’ expectations and provide superior customer service. In return of the customer experience, all customers are encouraged to provide feedback to help improve elements Wal-Mart may lack, as well as provide positive feedback in regards to what they’re doing right. Wal-Mart stays true to its mission statement by continuously returning to the wisdom of their founder, Sam Walton: “If we work together, we’ll lower the cost of living for everyone…we’ll give the world an opportunity to see what it’s like to save and have a better life” (Farfan). Strategic Goals/Plans: Level 2 It’s important to Wal-Mart’s future as a business, to continue expanding its customer base, increase sales, and stay innovative. It’s no easy feat to achieve, but when Wal-Mart noticed an increase in white-collar consumers because of the recent economic downturn, they seized the opportunity to accommodate their new demographic by embarking on an aspiring U.S. store remodel program as part of its three-year strategic plan appropriately named, Project Impact. At the center of this new plan...
Words: 1217 - Pages: 5
...September 13, 2013 James Sternieri Company Overview: Wal-Mart, Inc. is a retail store that sells everything from clothing and groceries, to electronics, and computers. Established in 1969, the company employees 2.2 million workers, and operates 10,130 stores across 27 countries, which makes it the largest retail company in the world (www.marketline.com, 2013, p. 3-4). Wal-Mart’s net profits decreased by 4.2% to $15,699 million from 2011 to 2012, however; the company continues to grow, which is a tribute to their sound strategic and operational plans (www.marketline.com, 2013, p. 3). Mission Statement: Wal-Mart runs its business under the mission statement “We help people save money, so that they can live better” (www.ask.com, 2013, p. 1). This mission statement complements their company slogan, which states, “Wal-Mart. Always low prices. Always” (www.ask.com, 2013, p. 1). These statements help deliver Wal-Mart’s vision of operating as a low cost merchandiser, and form the basis for their strategic and operational plans. Strategic and Operational Plans: In order for Wal-Mart to achieve its goals it must formulate sound strategic and operational plans. Strategic plans are usually broad in scope, and deal with long-term objectives, usually three to five years (Warwick, 2013, p. 1). Operational plans tend to be narrow in scope, cover a one-year time frame, and outline a framework for implementing the strategic plan. In short, “performance measures are identified at the strategic...
Words: 792 - Pages: 4
...Crafting and Executing Strategy Right Greetings Card Company Student name: Course: BUS599 Instructor name: Date: Abstract What can a business professional implement that would help a company to be successful? In an effort for a company to be successful, business professionals should create and execute strategic planning models which outline specific results that are to be achieved and by establishing es a course of action for achieving them. In our current failing economy, business professionals are becoming more aware of the how challenging it is in to starting a business and remaining successful. While most would agree that failures are personally painful and could have been conceivably too often prevented, consensus dissolves around how to take action to the problem? Some businesses owners may believe think that a successful business’ is based solely on luck; while other’s business owners believe may think that their success is based on the location of their business. Although, both concepts could be attributed to success, in this report I provide a solution that could help business owners transit a business toward its success. In this paper, as a business professional for Right Greetings Card Company, I argue in support of and focus on the importance of implementing a strategic plan for the success of this business. Several business owners might disagree with my argument, because...
Words: 1634 - Pages: 7
...Presently, the company’s vision and mission statements have to broken down and understood before change is inflicted on the company; this is because several present constraints rely on the present vision therefore this should be analyzed carefully e.g. the origin and history of said company. When entering a different or another market, the proposed market must be analyzed for factors that could enhance said company, the company’s product analysis is important, the business culture of proposed market should be taken note of and the employee engagement to. Barriers in corporate cultures must be broken to allow multinational corporations to function within the business environment. Companies that pride themselves on strong core values must be able to remain when branching into a new market; the culture must have an adaptable basis. Tolapp Corp mission statement emphasizes its operational and business objectives worldwide. The previous brand image of Tolapp Corp should play a huge role in this new business venture, the logo should show value and acquire its grounds by representing what competing organizations lack (Phillip Kotler, 2006). Trade analysis of this segment can place Tolapp Corp in a certain realm in choosing the mission statement, whereas several other factors are important from the reports like the market analysis for each segment for company’s operations, target consumers for the company and financial reports about competitors all included. Tolapp Corporation is...
Words: 736 - Pages: 3
...Robert Smith Conceptualizing a Business The business plan of a boys and girls club defines a roadmap for community centers and nonprofit programs that centers on young people. Thousands of boys and girls are built around the world ranging from many sizes but are important to many individuals in life. This paper will be explaining the importance of Greater Heights Boys and Girls Club vision, mission, and values that are established toward our strategic direction. The business will be defined, a vision will be established, values will be defined, strategic directions will be analyzed, and addressing customers’ needs and how it will achieve an advantage will be evaluated. If an organization wants to establish itself at the highest level it is important to formalized a strategic plan because it can be the key to providing a direction and focus for success. Defining the Business ‘A company’s philosophy, often referred to as company creed, usually accompanies or appears within the mission statement” (Pearce & Robinson, Chapter Company Philosophy, 2009). “Mission statements specify the beliefs, values, aspirations, and philosophical priorities to which strategic decision makers are committed in managing the company” (Pearce & Robinson, Chapter Company Philosophy, 2009). Greater Heights Boys and Girls Club will be a positive experience for all young people around the community. As an organization we want to provide as many young children as we can a positive and safe...
Words: 1438 - Pages: 6
...to develop a strategic plan that clearly defines the vision, missions, and goals of the business. Individuals also have to develop a strategic management. Pearce and Robinson (2009) stated, “Strategic management is defined as the set of decisions and actions that result in the formulation and implementation of plans designed to achieve a company’s objectives” (p. 3). In developing my business vision, mission, and values, I have to develop a strategic plan. Business, Products or Services, and Customers: Mission Statement Precious Memories is a scrapbook company in Baton Rouge, Louisiana, that provides classes, supplies, and invitation/stationery sales to customers. Precious Memories has to provide a mission statement for the company. A mission statement is a description of the purpose of the business. Here at Precious Memories we are devoted to help people preserve the memories of their lives. Precious Memories tells a story by creating a picture album. Our business will bring people together to mingle and celebrate their memories. Scrapbooking will help people and customers express themselves through lasting keepsakes of the people, places, and things they love. Precious Memories strive to teach the importance of preserving the past and inspiring the present. Precious Memories want to modernize the photo album by teaching people how to preserve memories by journaling for future generations. The mission for Precious Memories is to create an enjoyable, fun atmosphere...
Words: 730 - Pages: 3
...Kentucky Fried Chicken Strategic Plan-Part One Jeanette Cortez, Autumn Crowther, James Hopper Fernando Manaloto, Joe Newkirk, and Rita Salem International Strategic Planning and Implementation STR/GM 581 March 31, 2011 Dr. Tim Becker, MBA Introduction Kentucky Fried Chicken has been established as a franchise in Latin America and the focus of this plan will be the El Salvador franchise. The strategic management process is vital and a well laid out plan is necessary. Consequently, by evaluating the background of KFC, the outcome should lead to a clear mission and vision statement outlining the purpose and goals of the company. Also, the mission and vision will keep all shareholders informed of the objectives that should be met by KFC. “Defining the company mission is one of the most often slighted tasks in strategic management” (Pearce II & Robinson Jr., 2009, p. 42). A mission lays out the organization’s goals and basically specifies the purpose of the organization. Decisions and strategies can be established after environmental scanning is done along with a Situational Analysis (SWOT). The strategic process also involves frequently assessing the industry structure and choosing strategic plan options that help expand global operations. The two chosen strategic options that will be discussed will be product differentiation and cost leadership. This plan should give clarity on how the options and recommendations fit with both the competitive situation...
Words: 1245 - Pages: 5
...Strategic Plan, Part I: Conceptualizing a Business A business that I would like to begin is offering online Personal Training and nutrition plans to people. * What is the mission statement of your organization? How does it demonstrate your decision on what you want your business to become in the future? Why is the mission statement important? KRK Training is committed to developing personalized fitness program that will motivate, support, and get each individual to their desired fitness goals by using safe and effective training techniques, for guaranteed results. My mission statement indicates that I want my business to touch and change people’s lives because I care, which will keep customers training for longer periods of time. The mission statement creates the foundation and is a reminder of the company’s overall purpose: To change people’s lives for the better. * What is the vision of your organization, and why is it important? “Fitness is a journey, not a destination…..” The vision I have communicates the purpose and value of my company and gives employees direction and inspiration to give their best. * What is the strategic direction of your organization? The strategic direction of my company will involve taking a realistic look at strengths, weaknesses, opportunities, and threats. Understanding the strategic drivers will put my objectives into action, and establishing long-term decisions that involve people and resources and how they interact. The...
Words: 669 - Pages: 3
...Running head: CLUB IT University of Phoenix Club IT There are many clubs throughout America, especially, in San Diego, California. Although clubs come and go, there are only a few that are successful and are able to keep clienteles returning. One may ask? How did these clubs become successful? What were the things that these clubs did that is different? In order to understand how these clubs become successful, one must understand the importance of their mission statement, their clienteles, their resources, and be able to implement a strategic plan that will work--like the cost leadership strategy. As an intern for Club IT, the most important thing to remember is the owners’ mission statement. The mission statement is always a statement that is clear, consist, and straight to the point. The mission statement for Club IT is as follow: "We, Ruben and Lisa, offer you live music, DJ's, dance space and refreshments that suit your lifestyle. You are our friends, and we seek to build a community that meets regularly at Club IT" (Keys & Tejada, 2000). Here at Club IT, our main clientele are those amongst the community. We strive to connect with the community in an effort to understand their needs or want. There are numerous ways to connect to the community. In order to obtain the information on what people want or need, our main strategy is through word of mouth, flyers, or by ways of surveys. Word of mouth, flyers, or surveys is a great way to reach out to...
Words: 762 - Pages: 4
...Acceptance of personal responsibility separates adults from children because it is the mark of the fully functioning individual. Responsibility goes with success and achievement. What is responsibility? According to the American Heritage Dictionary (2006) responsibility or responsible: having a capacity for moral decisions and therefore accountable; capable of rational thought or action. Responsibility has many meanings in many contexts. In laymen’s terms it is doing the right thing. Doing the right thing means living a life where every move or decision you make is all your own, and you do things that will not harm others. It is a moral belief that as individuals must behave ethically and be accountable, and be conscious of our decisions and the impact they have on society. Responsibility has an implied measure of trust. When someone holds you responsible for something, they are trusting you to do what you are supposed to. Responsibility is easily misplaced, when you lose someone’s trust, he or she does not see you as a responsible individual. According to the American political scientist, "Henry A. Kissinger Quote" (n.d.). “People think responsibility is hard to bear. It's not. I think that sometimes it is the absence of responsibility that is harder to bear. You have a great feeling of impotence” (para 1). As adult human beings we are have free will. If we make certain choices based on our free will, we must be willing to take responsibility for the effects...
Words: 1089 - Pages: 5
...paper will analyze the current structure of ING then provide different options in changing the current culture of ING. Analyzing ING’s Current Structure ING’s current organizational structure for the Asian market is unsystematic. A Chain of command was in place, but did not meet the needs of the organization. For example, “the IT manager in Thailand reported to the Thailand country manager, not to the regional IT manager” (Schotter, A., 2006). During off-site meetings Jacques Kemp, the chief executive officer (CEO) of ING, received consistent feedback about the operations in Asia/Pacific. The consensus was each country did not communicate effectively together and there was no clear operational structure. There were also no clear mission statements. Because of this there was a significant lack of understanding between business components. Changing the Current Structure As CEO of ING, the first change I would make is changing the current organizational structure by establishing a new organizational chart. I would recommend the geographical departmentalization model which groups jobs according to geographic region (Robbins & Coulter, 2012, p.267). The pluses to this model include: more effective and efficient handling of specific regional issues that arise and serves the needs of unique geographic markets better, with the negatives being duplication of functions and can feel isolated from other organizational areas (p. 267). In order to offset the negatives, revamping or consolidating...
Words: 594 - Pages: 3
...offers a full range of financial services to a wide variety of clients. Vision Statement “We provide financial planning services through a national network of Adviser Practices staffed by qualified financial planners. Our advisers are dedicated to helping you to secure your financial future and achieve your lifestyle choices. We develop a deep understanding of your needs and risk profile before delivering tailored solutions to your wealth creation problems. Our goal is to work together with you on your journey over your lifetime. As one of Australia’s most respected financial planning groups, our Financial delivers unique and appropriate solutions for the creation and management of wealth.” Due to the fact that the company has not published a Vision Statement, the above passage has been taken off the WB website to analyse as such. As can be seen it is directed toward clients rather than at employees of the company but still gives a broad directional indication to managers of where to direct their operations. Overall as a vision statement the above does not provide the motivation and future direction that a properly worded vision statement can and is meant to provide. The vision is forward-looking and directional in that it gives employees an idea of what services they are to provide. It also delivers feasible objectives for employees to work towards. However, as a vision statement it is not memorable due to the fact that it is too long to be easily communicated...
Words: 2705 - Pages: 11
