Essay on The Mission, Vision And Operating Principles

Essay on The Mission, Vision And Operating Principles

Length: 1420 words (4.1 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

The mission, vision and operating principles are keys in guiding, directing, and leading an organization. Organizations have changed throughout history; however, since the introduction of global markets, competition to reach and retain consumers increases daily. Therefore, management must breakdown those guiding principles into tangible, realistic and measurable goals and objectives. Managers must then orchestrate all areas within the organization to ensure its success. Managers must rapidly change (improve) and utilize functional tools to give the organization a competitive advantage or edge. Management must become adept to changing markets, consumer requirements, and concepts used to effectively and efficiently manage an organization. There are many functions and within those functions, roles that managers must employ to garner goal attainment. The functions that are vital to the managers are: conglomerate and concentric diversification, organizing, controls, strategic planning, teams, project management, management by objectives, and benchmarking.
Important Concepts Learned
Conglomerate and Concentric Diversification
Conglomerate and concentric diversification deals with new products or services that the organization is trying to market. Conglomerate diversification is new products that are unrelated to the current products that the organization sells and concentric diversification is new products that are related to the current products that the organization sells (Satterlee, 2013, p.69). This is important for bolstering a diverse portfolio and marketing scheme of the organization. Diversification possibly yields a higher market share in the industry.
The manager function of organizing is providing the...

... middle of paper ...

...(Merchant, 1982.p43). This control is utilized only when a team veers off course or is consistently not reaching its performance goals.

Concept Application
Throughout the Bible there are many stories about strength in numbers, planning, organizing, working together, supporting one another, and leading/managing by objectives. Nehemiah 1:1-7:4 shows how many of the concepts were used when he was rebuilding the wall and what it took to get it done. Nehemiah utilized teams and MBO for each area concerning safety of the people, resources needed, supervision and care of the people. 1 Thessalonians 5:21, “But test everything; hold fast what is good” (NASB). This scripture proposes that organizations must review processes and procedures to determine their effectiveness and efficiency; compare those items with others and implement what is best for the organization.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Evaluating the Mission and Vision of Starbucks Coffee Company Essay

- More so than ever in an age of rapidly evolving technologies and global expansion, sustainable competitive advantage depends foremost on a clear sense of organizational purpose (mission) and a compelling vision for success (Campbell & Alexander, 1997). Together, these two key elements define the guiding framework for the insightful creation of value (Campbell & Alexander, 1997) that differentiates an organization from its competitors (Porter, 1996). Thus, knowledge of the critical elements that comprise meaningful mission and vision statements (Aguinis, 2009) becomes essential for achieving sustainable competitive advantage....   [tags: Business]

Better Essays
1646 words (4.7 pages)

An Application of Malcolm Baldridge Quality Principles Essay

- In response to worsening global economic conditions and faced with growing international competition, Metropolitan Life Insurance Corporation (MetLife) launched an “Operational Excellence” initiative in July 2008, with the intent to enhance operational productivity and processing efficiencies (“MetLife 10Q”, 2008). Those efforts continue today with aggressive strategies for mergers, acquisitions, and divestitures (“MetLife 10-K,” 2012), which has created an urgency for comprehensive improvement of organizational performance....   [tags: Business]

Better Essays
1357 words (3.9 pages)

Essay on Strategic Communication As A Means Of Achieving An Organization Mission

- According to Hallahan et al. (2007) who defined strategic communication as being “the deliberate use of communication as a means of achieving an organization mission”. Strategic communication is an organisational effort in which is a result of a transactional social task done within an organisation (Shockley-Zalabak, 2002). Argenti et al. (2005) argues that strategic communication is “communication which is aligned to the organizations overall strategy in an effort to enhance the strategic positioning” (p....   [tags: Organization, Communication, Goal]

Better Essays
802 words (2.3 pages)

Extraordinary Circumstances: Developing Strategies for a Global Outsource Provider

- Assignment Topic EITHER You are required to perform strategic planning for your organisation or one you are familiar within your country or region and: • Develop a vision statement, a mission statement and a statement of values, and explain their appropriateness. • Undertake an internal analysis of the organisation and an analysis of its external environment, using appropriate strategic management tools. • Craft strategies and explain their appropriateness. You do not need to develop implementation processes....   [tags: markets, values, mission, strategies]

Better Essays
2928 words (8.4 pages)

The Business Vision And Mission Essay

- “Companies that enjoy enduring success have core values and a core purpose that remain fixed while their business strategies and practices endlessly adapt to a changing world.” Vision Statement describes the future. It tells where the company is going or where the company wants to go. While Mission Statements describes the presnet status: why the company exists today and / or what the company is doing to pursue its vision of the future. Together they provide direction for the business by focusing its attention on doing things day-to-day to accomplish its mission, while taking steps to pursue its vision of the future - its long-term business intent....   [tags: Business Mission Vision]

Free Essays
1707 words (4.9 pages)

Mission, Vision, and Values of Ben and Jerry's Essay

- 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....   [tags: strategic planning, mission statement]

Better Essays
1675 words (4.8 pages)

The Mission And Vision Of Myeyedr Essay

- The Mission of MyEyeDr. The last three years have marked historical growth for MyEyeDr. the company continues to expand into new territory going from just three states and fifty offices to eleven states and over three hundred offices. Since my first day of work in the company, many things have changed or evolved into new initiatives. Among those evolutions, we will find the mission and vision statements, included. In MyEyeDr.’s Associate Handbook, the former mission statement was “to offer our patients uncompromising quality, value and convenience (2013).” These days, however, this mission statement has completely changed....   [tags: Strategic planning, Mission statement, Management]

Better Essays
1925 words (5.5 pages)

Principles Underlying Operating System ( Os ) Essay

- ANANTH SAI KRISHNA BATTINENI BELLEVUE UNIVERSITY CIS612-T202 – COMPUTER PLATFORMS AND NETWORKING ASSIGNMENT 8.1 Principles Underlying Operating System: An Operating System (OS) is a manager which manages hardware and software components and makes them usable to the end user. There are many operating systems available to use such as Windows, Android, Linux and Apple OS. All operating systems(OS) are designed with some fundamental principles keeping in mind....   [tags: Operating system, Microsoft Windows]

Better Essays
1600 words (4.6 pages)

Analysis of the Mission and Vision Statements of JPMorgan Chase Essay

- Introduction This paper will analyze the mission and vision statements of JPMorgan Chase & Co against the performance of the organization. An evaluation of how well the company lives out its mission and vision statement will be provided. The organization’s strategic goals link to the company’s mission and vision will be assessed. An analysis of the company’s financial performance to determine the link between the company’s strategic goals, strategy, and its financial performance. A competitive and marketing analysis of JPMorgan Chase & Co will be conducted to determine its strengths and opportunities....   [tags: Mission Statements Analysis]

Better Essays
2211 words (6.3 pages)

Vision, Mission and Value Statements Essay

- Introduction I am going to discuss what the vision, mission and value statements are and how they are important to our business. Each statement has different qualities which I will discuss in my presentation. The future of our business and the Vision of who we are goes with our philosophy and ideals of who we want to be. The vision statement should inspire your employees and give them direction on how your organization intends them to act and give them purpose. It also, gives our members understanding of what type of private club they would like to do business with....   [tags: business, statements]

Better Essays
909 words (2.6 pages)