...Vision Clearing the paths while laying new foundations to transform the Polytechnic University of the Philippines into an epistemic community. Mission Reflective of the great emphasis being given by the country's leadership aimed at providing appropriate attention to the alleviation of the plight of the poor, the development of the citizens, and of the national economy to become globally competitive, the University shall commit its academic resources and manpower to achieve its goals through: 1. Provision of undergraduate and graduate education which meet international standards of quality and excellence; 2. Generation and transmission of knowledge in the broad range of disciplines relevant and responsive to the dynamically changing domestic and international environment; 3. Provision of more equitable access to higher education opportunities to deserving and qualified Filipinos; and 4. Optimization, through efficiency and effectiveness, of social, institutional, and individual returns and benefits derived from the utilization of higher education resources. Goals of the College of Accountancy and Finance The college aims to: 1. To ensure the development of globally-competitive professionals, managers, and leaders in the field of Accountancy & Finance and other allied disciplines through excellent, relevant and responsive accountancy & finance education, accessible to all Filipinos particularly to the socio-economically disadvantaged population as well...
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...Assignment Questions Netflix 1. What are the dominant economic characteristics of the online movie rental business? 2. What is Netflix’s vision? 3. What is Netflix’s strategy? What type of competitive advantage is it trying to achieve? 4. How do Netflix’s business model and strategy compare to those being employed by key rivals, particularly Blockbuster? 5. How is the online movie rental business changing? What are the underlying forces of change and how are they impacting the industry? 6. What key factors determine success in the online movie rental industry? How important is technology to Netflix’s success? 7. What does an analysis of Netflix’s performance, both financial and strategic metrics, reveal? What is the story of the numbers in case Exhibits 3, 4, 5, and 6? How does its performance compare with that of key rivals—as shown in case Exhibits 7 and 8? 8. What do you see as Netflix’s competitive strengths and weaknesses? Is there a good market opportunity here for Netflix? What external threats does the company need to be concerned about? 9. Do you believe that Netflix has built a sustainable competitive advantage in the online movie rental business? Why or why not? 10. What does Netflix need to do to strengthen its competitive position and business prospects, given the competitive actions of Wal-Mart and Blockbuster? What specific actions should founder and CEO Reed Hastings take? 11. How are Blockbuster and Wal-Mart likely to react to the strategic...
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...Running head: LEADING WITH VISION Leading with Vision LEADING WITH VISION Abstract This essay summarizes the importance of leading with vision and goal setting. An effective leader understands and recognizes the importance of creating and communicating a clear vision as well as setting the goals to achieve said vision. Important aspects of setting goals, goal characteristics and the six steps of goal setting are detailed. LEADING WITH VISION Leading with Vision Leading with a clear and concise vision or purpose is the primary step to developing and leading a team. According to Friedman (2013), “True leaders lead with vision. The best and most effective leaders are able to paint a compelling and inspiring picture of what the future will look like”. People want to be involved in a successful and winning vision and want to follow someone that communicates clearly and effectively as to where the future will lead. No one wants to be involved in a dead-end project, it simply isn’t engaging. In order to lead a team to the end purpose or vision, a leader must understand that goals must be set. Setting Goals There are several things to keep in mind when setting goals including reality, attainability, organizational improvement, team involvement and processes. First and foremost goals need to be tough to reach yet still attainable. Setting goals that are impossible to reach will either discourage employees and make them quit trying altogether or will simply...
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...Three important parts in defining the strategic direction of a company. The mission, vision and values of a company are important to determine the strategic direction for the company’s future business operations. The mission is a guide and reminder to the shareholders and stakeholders of the company’s goals and objectives. The vision is the optimistic views and goals of what the company plans to become in the future. The values of the company are the attitudes, beliefs, perceptions, and views that will help the company to accomplish their mission and vision. Culture, social responsibility, and ethics are very important factors in influencing the company’s values. Customer needs are an important factor for a business to evaluate and implement into strategic business decisions. Companies need to create a competitive advantage over other companies for their products and services to compete in the markets. Companies should define, analyze, and evaluate each of these major factors to define the strategic direction the company wants to move in. Each factor will represent new goals and achievements for a company to pursue along their journey of making their vision come true. The purpose of the mission statement. The statement will be a constant reminder to the employees of the company that they are working to obtain the goals of the clients and not their own personal agendas. The mission of the company sets the strategic direction the company wants to follow. Clients are what...
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...Importance of Goal Setting in Management The Importance of Goal Setting in Management It is a commonly known fact that goals are an important part of a productive and healthy life. We make personal goals: to do well in school, to make the varsity baseball team, to lose ten pounds, or to get a promotion at work—and we aim to accomplish them. These goals act as a means to an end. Goals are the pieces to our vision for our life. Just as goals are important for individuals, it is also a vital aspect of a successful business. Goals are the stepping-stones toward the vision of a business. Managers use goals as a way to accomplish what the vision is for their business or organization; they use goals as a tool for the growth and profitability of their company, to motivate employees toward higher performance, and as a way to measure productivity. Goals for Business Growth Having a vision and the right goals to get to there is an important part of an organization. The vision a leader wants should be a picture of where they want the business to be in the future (Clark, 2014). A good leader is concerned about the future of his company, and goals are a way in which he may keep his employees on track toward accomplishing company growth. The leader will set goals for his employees that will create a way for the business to accomplish this growth. Company growth may be an increase in size, profitability, or even the impact that the company has on others. Goals are an intrinsic...
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...Vision Change Analysis By: HR 587 Managing Organizational Change K Milburn 4 June 2011 In business a vision is a well articulated view of how a company sees itself as well as an image of how a business wishes model itself during the long-term future. Business visions should be realistic and perceived as accomplishable by the people within an organization. The president of Mentor Graphics; Gerard Lageler (1992), may have had a point when he said “Grand, abstract visions can be too inspirational and that is why the company may wind up making more poetry than products.” Over the years Mentor Graphics changed its vision numerous times but eventually returned to a model that reverberated the goals of their original vision. A vision statement should not just be words to post on a wall but serve the function of defining an organization’s values and their purpose. The vision statement should inspire employees to achieve the goals of the company and though achieving those goals prove to why they should do business with the organization. Initially Mentor Graphics’ unarticulated vision was to “Build Something That People Will Buy” and in the end they found that the vision a company starts with is generally the best to follow. Over the years Mentor Graphics saw fit to continuously change their vision to match their new goals, eventually creating vision statements that where more and more grandiose, inspirational but also indistinguishable to the true...
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...Mission, Vision, Values, & Managment In today's post-recession workforce, gaining employment is so difficult that once hired, life has new meaning. The mission, vision, and values may mean different things to managers. With a closer look into an organization, from the newest employees up to the experienced senior management, it is found that many of the staff members do not have knowledge enough to recall the mission and vision statement. The military is used as an example, setting the standard for other public and private entities. In this case, let's examine a human resources unit in the United States Air Force. The Air Force Civilian Services mission and vision statement aim to "provide elite administrative, operation and technical support for the Air Force vision; Global vigilance, reach, and power" ('Our Mission & Vision', 2016). The mission and vision statement must work together to meet the organizational goals. In examining the core competencies, one must consider the true definition and rationale. Also, the Air Force has a set of strategic goals that determine the long-range direction of the organization. The attitudes, behaviors and goals of each Air Force civilian in the group are meant to demonstrate alignment with the vision, mission, values, and competencies. For a company to manifest values and a culture that leads to success, these vital mantras must be reiterated, exercised, memorized, and done by all employees. Mission Statment There is a constant...
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...Decision Making 18 STRATEGIC VISION A specialist was hired to develop and present a series of half-day training seminars on empowerment and teamwork for the managers of a large international oil company. Fifteen minutes into the first presentation, he took a headlong plunge into the trap of assumption. With great intent, he laid the groundwork for what he considered the heart of empowerment-team-building, family, and community. He praised the need for energy, commitment, and passion for production. At what he thought was the appropriate time, he asked the group of 40 managers the simple question on which he was to ground his entire talk: "What is the vision of your company?" No one raised a hand. The speaker thought they might be shy, so he gently encouraged them. The room grew deadly silent. Everyone was looking at everyone else, and he had a sinking sensation in his stomach. "Your company does have a vision, doesn't it?" he asked. A few people shrugged, and a few shook their heads. He was dumbfounded. How could any group or individual strive toward greatness and mastery without a vision? That's exactly the point. They can't. They can maintain, they can survive; but they can't expect to achieve greatness. Mapes (1991) SKY Magazine Vision is a widely used term, but not well understood. Perhaps leaders don't understand what vision is, or why it is important. One strategic leader is quoted as saying, "I've come to believe that we need a vision to guide us, but I can't seem...
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...Kraft Mission, Vision, and Values Kraft Food Groups is a household name in America, “98% of North American households have Kraft brands in their pantries and refrigerators.” According to the Kraft CEO Tony Vernon the company’s vision is “… to be North America’s best food and beverage company, and we’ll get there by continuing to offer products consumers love, creating a performance-based culture that motivates and excites employees and becoming the best investment in the industry.” The mission of the company is “to be North America’s best food and Beverage Company.”(Kraft) The company has a long list of values to include; compliance &integrity, nutrition &well being, corporate governance, community involvement, sustainability, and food safety and equality. The company seems to use the terms mission statement and vision statement interchangeably as they both seem to be extremely similar, the mission statement being an abbreviated version of the vision statement. The company values seem to be what the company put the most thought into. As upon closer inspection one can see the subcategories and descriptions that the company lists for each of its values. Vision First lets evaluate the company’s vision statement, “…..to be North America’s best food and beverage company, and we’ll get there by continuing to offer products consumers love, creating a performance-based culture that motivates and excites employees, and becoming the best investment in the industry.” A vision statement is...
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...03 | October 6, 2015 Vision, Mission and Goals of Loblaw Companies Limited’s Jingjing Li (100090702) Assignment #1 Vision, Mission and Goals of Loblaw Companies Limited’s Jingjing Li (100090702) Assignment #1 Introduction Loblaw Companies Limited is the largest food retailer in Canada, with over 1400 supermarkets operating under. The purpose of this report is to analyze Loblaw’s Vision, Mission, and goals, and to verify whether these statements could meet the criteria identified in the textbook. Brief recommendations are provided if any of the statements don’t meet the criteria. Vision Statement The company’s vision has three core themes: “Simplify, Innovate and Grow” (Loblaw Companies Limited, 2007 Annual report) | | Effective elements | * Memorable * Flexible * Forward- looking: Brings change and hope for the future * Graphic: Shapes the company’s strategy | Shortcomings | * Short * The language is overly broad * Not focused enough * Lack explanation about business sense | Comment and Recommendation: Loblaw’s vision statement of “Simplify, Innovate and Grow” has both strength and weakness. On the strength side, firstly the language used for the vision statement is flexible and memorable. The vision can be easily communicated...
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...MISSION AND VISION STATEMENTS A vision statement is what companies do to give a full idea of what they want for the company or what direction the company is targeting. It’s a clear structure of what the company wants and why they want what they want. A vision statement is when a company set long term or short term goals. Vision statement is for a company to achieve and accomplish the desired targets of the business. A good vision statement provides structure for the daily operation of the company. The two must important part of a vision statement is what the company wants for the future and it must have excitement and motivation. "Use the company culture description for more details on the goals and direction of the business." Vision statements are future-based and are meant to give inspiration and direction to the employees of the company, not anyone outside the company. Vision statements are formal and can change over time. As a company grows, its objectives and goals most likely will change. Vision statements need to be restructured as needed to compliment the change as goals are on target and met. A couple of questions you might need to ask yourself when writing your vision statement includes the following, what problem does your company want to solve? What does your company wish to achieve? Who is your target consumer, and what do you want to do for them business wise? Vision statements should provide a sense of direction and enlarge...
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...Introduction: Vision and mission statements play an important role in strategy development by providing vehicles to generate and screen strategic options. They also provide organizational identity and understanding of business directions. A vision is an attempt to articulate what a desired future for a company would look like. It gives the company direction and it's the basic premise for the success of the mission statement. It stretches the imagination and motivates people to rethink what is possible. A mission statement is a brief explanation of the organization's purpose. It tells who we are and what we are. Mission statements should articulate the principles that will guide the business and its employees to grow, advance, and prosper. Definition of Mission and Vision statement: A mission statement, or simply a mission, is a public declaration that schools or other educational organizations use to describe their founding purpose and major organizational commitments—i.e., what they do and why they do it. A mission statement may describe a school’s day-to-day operational objectives, its instructional values, or its public commitments to its students and community. Figure 1.1: Image of Mission and Vision A vision statement, or simply a vision, is a public declaration that schools or other educational organizations use to describe their high-level goals for the future—what they hope to achieve if they successfully fulfill their organizational purpose or mission. A vision statement...
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...Kenya Vision 2030 REPUBLIC OF KENYA July - August, 2007 This publication is a summary of Kenya’s new long-term national planning strategy, officially known as Kenya Vision 2030. The publication briefly states the main goals of the Economic, Social and Political pillars that underpin the Vision 2030. It also provides a run-down of major, (or flagship) projects to be embarked upon in the Medium Term period of the Vision, i.e from 2008-2012. The final version of Vision 2030 will be completed after this and other consultations. Kenya Vision 2030 THE CONTEXT OF KENYA VISION 2030 Kenya Vision 2030 is the new country’s development blueprint covering the period 2008 to 2030. It aims at making Kenya a newly industrializing, “middle income country providing high quality life for all its citizens by the year 2030”. The Vision has been developed through an all-inclusive stakeholder consultative process, involving Kenyans from all parts of the country. The vision is based on three “pillars” namely; the economic pillar, the social pillar and the political pillar. This vision’s programme plan comes after the successful implementation of the Economic Recovery Strategy for Wealth and Employment Creation (ERS) which has seen the country’s economy back on the path to rapid growth since 2002, when GDP grew at 0.6% rising to 6.1% in 2006. The relationships between the pillars can be seen in Exhibit One below. The economic pillar aims at providing prosperity...
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...essential to setting up an NGO in Ghana. The first two are generic steps for anywhere in the world. The final three steps are for Ghana, specifically. Feel free to share this document with anyone who may be starting their own NGO anywhere. 1. 2. 3. 4. 5. Develop Your Vision and Mission Develop Goals and Objectives Set up a Board of Directors Draft a Constitution Register the Organization in Ghana 1. Develop Your Vision and Mission You need a compelling vision and genuine commitment to that vision for the long-term. If you do things right you will go MaD (making a difference) in a way that fully benefits your target communities. Vision and Mission will explain your organization’s existence and focus its activities. And, this will “sell” your NGO to the world. Writing a vision and mission is like crafting an elevator pitch: make it short, clear and a little intriguing. But let’s look at the difference between vision and mission first. By Godwin Yidana and Gayle Pescud www.g-lish.org Authors of the Insider’s Travel & Living Guide to Ghana Insider’s Volunteering Guide to Ghana How to Start an NGO or Non-Profit in Ghana 2 Vision Your NGO’s vision is what the community would be if the problem is solved. A vision is the "ideal situation" that you hope to achieve. At the most...
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...Sometimes the responsibilities requiring leadership last a lifetime, and sometimes they are needed only for a moment. Leadership, then, is something each of us should strive to understand better and utilize more fully. Whether in a corporate setting, a business of our own, a church environment, a volunteer organization, or in the home, improving our leadership abilities must be done intentionally. The acquisition and comprehension of good useable information and a disciplined process that can be learned and then taught. These two things are the keys to unleashing the potential hidden within. The best place to gain and understand new information is still books. Although the methods of a process may vary with each leader, three aspects remain; vision, goal setting, and working. A disciplined process without these three foundational components will lack effectiveness and longevity. The mark of great leadership is unyielding and persistent tenacity in the face of uncertainty and possible failure. These qualities can make a person appear fearless, but that would be an inaccurate assessment. It is not that all great leaders are fearless, every person experiences some level fear. What people need to understand is, fear is a façade that positions itself in opposition of success. Leaders do not posses super powers, and they are not without fear, or doubt, or any other human venerability. What leaders do posses is: the knowledge that information comes first and fuels everything; the ability stand...
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