StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Strategic Vision and Sense of Mission - Essay Example

Cite this document
Summary
The paper "Strategic Vision and Sense of Mission" argues that this element is important in understanding the challenges of strategic management because they develop the desired achievement at a specified future time. Vision motivates the employees and stakeholders in the wake of their requirements…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER97.4% of users find it useful
Strategic Vision and Sense of Mission
Read Text Preview

Extract of sample "Strategic Vision and Sense of Mission"

This is especially useful in approaching new products because it involves seizing new opportunities after consideration of the company's strengths. An evaluation seeks to check whether the implemented projects were effectively realized as per the original strategic visions.

Making cross-functional decisions
Overall objectives of a company can never be met in solitude. It takes shared resources as well as commitment. Experts from various departments and even outside companies and consultancy groups come together to manage the decisions that are sound to the operations of the company. With their diverse backgrounds, they are able to make decisions valuable to a company vision.

Achieving objectives
An organization may seek market leadership through a collection of methods such as low-cost products of superior quality and great innovation. However, projects are the most outward methods that the organization can use to measure the achievability of the objectives. A company may be efficient internally as well as externally and this can be seen from the way objectives are effectively met.

Question 2: Scope Analysis and Closeout
What are the principal benefits of developing a comprehensive scope analysis?
Comprehensive scope analysis is a very important planning technique. This is because it specifies the contents of the work as well as the outcomes of the project. Scope analysis helps put in mind the number of resources required and the level and amount of activities required to complete a project. A comprehensive scope analysis takes into account several steps to be put to mind to make sure that success is guaranteed. At this stage, conceptual development is put into account to make sure that the best methods of achieving the goals of the project are the ones that are primarily used. Scope analysis also has a scope statement that seeks to put a limit to the development level of the project that is required. With consideration of six important steps, with each step serving a specific purpose, the benefits of scope analysis cannot be overruled.

What is the logic behind developing a plan for project close-out prior to even beginning the project?
According to Pinto (2012), Project closeout at this stage is important because it allows the managers and the clients to consider the types of records as well as reports required. This information is supposed to be collected as early as possible in the planning process so that information is collected during the development of the project (Pinto, 2012).

They serve to:
• Solve disputes by acting as correct records when the project is done
• A training tool that is very useful at the post-project level
• Facilitates auditing of the project by making clear the details.
A successful project is one that starts with the end in mind of all the planners. Closeout will make managers put to task all the information that they will require to put to task during the development period. Closeout documentation tracks the following information;

• Historical records
• Analysis at the post-project stage and
• The financial closeout. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Questions Essay Example | Topics and Well Written Essays - 500 words - 28”, n.d.)
Questions Essay Example | Topics and Well Written Essays - 500 words - 28. Retrieved from https://studentshare.org/management/1627927-questions
(Questions Essay Example | Topics and Well Written Essays - 500 Words - 28)
Questions Essay Example | Topics and Well Written Essays - 500 Words - 28. https://studentshare.org/management/1627927-questions.
“Questions Essay Example | Topics and Well Written Essays - 500 Words - 28”, n.d. https://studentshare.org/management/1627927-questions.
  • Cited: 0 times

CHECK THESE SAMPLES OF Strategic Vision and Sense of Mission

Strategic Management: Mission, Vision, and Stakeholders

(Magee, 2007) The purpose of this paper is to highlight and analyse the vision and mission of a successful company like Toyota.... The purpose is not only to understand and gain an insight to the company's aims and objectives through their vision and mission statements, but also to analyse if they are in accordance with the stakeholders of the company like the customers, employees of shareholders etc.... The vision and mission of a company should abide by the expectations and demands of all the stakeholders of the company in order to gain sustainable market growth as well as a competitive advantage....
4 Pages (1000 words) Essay

Whole Foods and Trader Joes

We provide these with a dedication to the highest quality of customer satisfaction delivered with a sense of warmth, friendliness, fun, individual pride, and company spirit (Thompson Jr.... Whole Foods and Trader Joe's Your name 30 March 2013 Part I: vision and Mission Statements vision and mission statements communicate the strategic direction of the organization to internal and external stakeholders.... vision and mission are not the same, although some organizations embed both in their mission statements....
9 Pages (2250 words) Essay

Strategic Management and Sense of Mission - Pepsi Co

The paper "Strategic Management and sense of mission - Pepsi Co" discusses that Pepsi-Co should use its financial resources to set up new advanced manufacturing units in different countries.... 'sense of mission' is a very important marketing principle.... PepsiCo has a strong sense of mission also.... Their sense of mission states that they are not focusing on the product orientation, they focus on customer orientation.... PepsiCo's sense of mission says that they are not in the business for profit purpose only but their goal is to serve people (Randall, 2008, p....
9 Pages (2250 words) Essay

Mission, Vision, and Values in IKEA

60) described strategic management in the four-step process which includes reviewing of mission and vision of the organization, analyzing the organization's external environment and internal resources, choosing and developing the appropriate strategy, and implementing the selected strategy.... This case study "mission, Vision, and Values in IKEA" attempts to review the strategic management of IKEA while critically analyzing the impact of its capabilities on international expansion and analyze whether there is a need to change the strategy or continue with the existing strategic operations....
10 Pages (2500 words) Case Study

Mission, Vision, Social Responsibility, Strategic Planning

The mission statement of Southwest Airlines is “…is dedication to the highest quality of customer service that is delivered with a sense of warmth, friendliness, individual pride and also company spirit (Lauer, 2010).... he mission statement of Southwest Airlines is “…is dedication to the highest quality of customer service that is delivered with a sense of warmth, friendliness, individual pride and also company spirit (Lauer, 2010).... ?? This is different from the mission statement of....
2 Pages (500 words) Term Paper

Mission, Vsionand Strategic Objectives

They are always explicit and broad, and the management of the organization believes that, it is nearly impossible to achieve its vision and mission, without these objectives (Moseley, 2009).... here are two very important concepts that should be recognized in the vision and mission statement of an organization offering health services.... The mission statement is a brief, concise and direct statement which provides an explanation of what an organization is, the activities it does, and the activities that it does not involve itself in....
3 Pages (750 words) Essay

Organizational Vision, Mission and Objectives with Regard to Performance Assessment

From the paper "Organizational Vision, mission and Objectives with Regard to Performance Assessment" it is clear that taking into account mission of police of the Virgin Islands, performance assessment criteria are worked out in an individual manner for every policeman.... It is necessary to instill ideas of organizational mission into the minds of 'distant' officers, remembering of active and highly motivated officers too.... Therefore with regard to mission, organizational goals and visions of police of the Virgin Island, it is possible to develop an interconnected model of performance assessment....
7 Pages (1750 words) Research Paper

Leadership Vision and Strategic Direction

It is the leader's vision for the organization that results in future growth and development of the company.... According to the research findings, it can, therefore, be said that Don Brecken has an unwavering focus on the need for an organization's vision for the future to help maximize productivity.... Without the leader's vision for the organization, the possibility of failure and lack of goal achievement is extremely high, therefore holding a dangerous future for the organization....
4 Pages (1000 words) Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us