Strategic Management Template

Critically evaluate the mission, vision and values of a company that you are familiar with and propose alternative formulations of same The Mission, Vision and Values of a company play a Fundamental role in Strategy Formulation and Strategic planning. We will discuss throughout this assignment, how developing effective mission, vision and values can help shape, develop and guide a firms Strategic choices. They reflect the firm's fundamental core ideology. At the most basic level a mission statement can describe the firms overall purpose for being. It provides an inside to the present business scope and purpose of the firm that is "who we are, what we do, and why we are here".

[online] Available at: http://www.mindtools.com/pages/article/newLDR_74.htm [Accessed 26 May. 2014]. • Netmba.com, (2014). Theory X and Theory Y. [online] Available at: http://www.netmba.com/mgmt/ob/motivation/mcgregor/ [Accessed 26 May.

The Mission, Vision and Values of a company play a Fundamental role in Strategy Formulation and Strategic planning. We will discuss throughout this assignment, how developing effective mission, vision and values can help shape, develop and guide a firms Strategic choices. They reflect the firm's fundamental core ideology. At the most basic level a mission statement can describe the firms overall purpose for being. It provides an inside to the present business scope and purpose of the firm that is "who we are, what we do, and why we are here".

The next step for managers and leaders, after producing plans or developing visions for the future is to incorporate the company employees. Management, for their specific purposes of maintaining and keeping order about in the company, tend to incorporate employees by means of organizing. That is to say that they ensure that employees are placed in roles such that the synergy of these employees brings about the most efficient means of meeting the planned goals, as well as establishing the correct framework of staff to see that this occurs. On the other side of the spectrum, leaders go about changing the company’s direction by aligning various segments of the company to embrace the change and create success by doing so. The leader must seek out not just their direct subordinates, but rather employees from all reaches of the company to see their vision set to action.

A leader must have range of skills, strategies and techniques which will allow planning of strong communication, interpersonal skills and awareness of the wider environment to be applied within which team will operate. Awareness of the organization vision provides direction that must be followed by employees within the organization. A leader should be required to provide organisational meaning and purpose of a team by creating a vision, setting practical objectives and communicating the organisational vision. The organisational sheared vision must be inspired by involving team in setting objectives and communicating progress and celebrating achievements. Teams environment must ... ... middle of paper ... ...ting priority on team member and helping employees understand sufficient organizational values to help them decide better.

The author indicates that in order for a business to be successful they need to exemplify their values and incorporate them into their overall business strategy. The article notes that stakeholders want to work with an organization that share their values and if organization does not take this in consideration than their

Effective management of any business or company are vital for the well-being of both the company, and the employees of that company. Management implement the company’s objective through their use of other people. Thus it is vital that the people in charge sufficiently direct their employees to carry out the desired tasks in the desired way.in the following essay, I will look at the best ways to manage people, drawing on the relevant theory, including on how to motivate people, and look at the key skills and attributes necessary for a good manager. There are many theories into what constitutes effective management. One such theory was devised by Henri Fayol.

Monitor and evaluate the desired result against the outcome. The corporate strategy should clearly state the following: Vision: It gives directions about how the employees are expected to behave and give their best. Value: It guides how an organization should function and what is important to the organization. Mission: It describes the entire function or purpose of the organization. Policies: Policies are principles and regulations which gives directions on how an organization needs to be operated.

All the managers must develop goals that are supportive in the over all strategy of the organization. Organizing involves determining the tasks to be done, which will do them, and how those tasks will be managed and coordinated. Managers of an organization have to put a work team together so that proper information, resources, and tasks can flow properly and efficiently in an organization. Managers should be able to lead the members of their work groups toward the accomplishment of the organization’s goals. Leading is defined as motivating and directing the members of the organization so that they contribute to the achievement of the goals of the organization.

“lead by example”). Employees will turn to the leaders within the company to understand what the company’s priorities are and the required effort to meet those objectives. If a leader makes it evident to all involved that the stakeholders are an important function in a company’s success, all individuals in the company will be striving to satisfy the leaders and various stakeholders. Within an organization, managers solve problems but leaders create momentum which will help the organization move through future problems. Leaders should be assessing the best way to create more momentum for their