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Vision

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Submitted By ksnook8966
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Creating a clear and concise vision is one of the most important duties for any company to perform. A vision statement provides an element of organization for a company to follow. A vision is a goal statement of a company that allows people to see the direction that the company is heading toward. This paper is designed to examine how Best Buy’s vision sets the standards of excellence for everyone to follow.
The objective of this paper is to achieve three things. First, the paper will assess the value of vision and values statements of a company. Second, the vision and values of Best Buy will be described and analyzed. Third, this paper will show that Best Buy’s vision statement serves an international purpose.
Vision is important for corporate management and strategy because it sets a pattern for all the activities of the company. A vision is a strategy formulation that unifies the company’s energy enabling it to function as one system. A vision provides an idea of what is in store for the future of the company. A good vision also inspires productivity and efficiency within the company. A vision statement is a reflection of what the company stands for and shows the strengths of the company.
A vision is an essential source of motivation and empowerment for the employees of a company. An effective vision guides people toward creating relationships with others and their work. A vision instills a sense of pride in the employees of the company. The vision expresses the expectations the company holds for the employees.
The value statement of a company conveys the core traits of the organization. It communicates the expected behaviors for the employees of the corporation. The values provide a guideline for an employee’s performance in every situation. The values establish the quality of service that is provided by the company.
People. Technology. And the pursuit of happiness. This is the vision statement of Best Buy. The first part of Best Buy’s vision says that they put people first, meaning both customers and employees. They want people to know that they care about them and that they are important to the survival of the company. A good relationship between customers, vendors, and shareholders is necessary for the growth of the company.
The second part of the vision statement, Technology, says that technology is a powerful force in the world today. Technology is a way to keep people connected and is also shaping changes in the world today. The products that Best Buy sells are a direct result of the growing technology in the world. They want to provide the best technology available to their customers to improve their lives.
The third part of the vision reveals to people that they are not perfect, by saying that they are pursuing happiness. This means that they have the ability to make many people happy. In order to make customers happy, the employees need to be happy first. If the customers and employees are happy, the vendors and shareholders will be happy as well.
Best Buy’s corporate values are: Having fun while being the best. Learn from challenge and change. Show respect, humility, and integrity. Unleash the power of our people.
These values help to enforce the vision statement of the company. They want to provide a fun atmosphere for the both the customers and the employees while being industry leaders at the same time. New technology is being realized every day and this is fun for people. Best Buy wants to be the first to provide the new technology to the people.
Every situation can provide a learning experience for the employees of Best Buy. There will always be challenges in the workplace and people can always learn from them. With the technology that is being formed, the world is a changing place. A company like Best Buy must be able to adapt to these changes.
Respect, humility, and integrity are traits that should always be utilized in the business world. These traits are important in providing customer service. No one wants to shop at or work at a place where they are not treated with respect. Best Buy is stating that they want their employees to treat others as they want to be treated.
Unleash the power of our people is a very powerful statement because any person can hold some sort of power. Best Buy is stating that they have best people working for them. Success is based on the empowerment of the people.

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