Lesson 1: Vision and Mission Statements
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The document outlines the importance of vision and mission statements in an organization's strategy and provides guidelines for creating effective statements. It emphasizes that vision statements should be inspiring and future-oriented, while mission statements define a company's purpose and customer focus. Additionally, it highlights common mistakes in writing both types of statements and suggests involving various stakeholders in the creation process.
Lesson 1: Vision and Mission Statements
- 1. Vision and Mission Statements Training Objective: To understand vision and mission statements, understand their role in strategy, and learn how to create strong, effective statements. Novus Business and IT Training Program
- 2. Introduction Novus Business and IT Training Program 1
- 3. Introduction • Vision Statement = dream • Mission Statement = purpose • Importance – Basis of strategy – Provide financial & emotional benefits Novus Business and IT Training Program 2
- 4. Vision Statement • Contains: – Company’s dream for future – Ambition – Clarity Can, but does not have to, contain something about a social issue. Novus Business and IT Training Program 3
- 5. Vision Statement Examples • Democratize the automobile • We will destroy Yamaha • Become the company most known for changing the worldwide poor quality image of Japanese electronics Novus Business and IT Training Program 4
- 6. More Examples • Become the dominant player in commercial aircraft and bring the world into the jet age • To be the company that best understands and satisfies the product, service and self-fulfillment needs of women – globally Novus Business and IT Training Program 5
- 7. Creating a Vision Statement What you should do: 1. Have conversations 2. Have insight 3. Include people What is should be: • About the future • Inspiring • A definition of your business • Only one sentence Novus Business and IT Training Program 6
- 8. Vision Statement Mistakes • De-motivating • Staff is not involved • Too long • Not unique Novus Business and IT Training Program 7
- 9. Mission Statement • Contains – Company’s purpose – Values (optional) – Description of customers (optional) While a vision talks about the future, a mission tells us why the company exists. Novus Business and IT Training Program 8
- 10. Mission Statement Examples • Coca Cola – To refresh the world... – To inspire moments of optimism and happiness... – To create value and make a difference. • Pizza Hut – We take pride in making a perfect pizza and providing courteous and helpful service on time all the time. Every customer says, "I'll be back!" We are the employer of choice offering team members opportunities for growth, advancement, and rewarding careers in a fun, safe working environment. Novus Business and IT Training Program 9
- 11. More Examples • McDonald’s – To provide the fast food customer food prepared in the same high-quality manner world-wide that is tasty, reasonably-priced & delivered consistently in a low-key décor and friendly atmosphere. • Marriott Hotels – To provide economy and quality minded travelers with a premier, moderate priced lodging facility which is consistently perceived as clean, comfortable, well- maintained, and attractive, staffed by friendly, attentive and efficient people. Novus Business and IT Training Program 10
- 12. Creating a Mission Statement • Ask: – Who is your target customer? – What product/service do you provide? – What makes your product/service unique? • Make it exciting • Think about your customers • Include what is important to you • Don’t make it long • Review Novus Business and IT Training Program 11
- 13. Mission Statement Mistakes • Too long • Boring • Too general • Not clear • Ubelievable Novus Business and IT Training Program 12
- 14. Mission Statement Misuse • Poorly written missions • Not achieving mission’s goals • Not understanding the mission • Approving bad statements • Mission does not influence • Staff not involved • Writing for the wrong reasons Novus Business and IT Training Program 13
- 15. Using Mission Statements • Avoid the noted mistakes and misuses • Involve various stakeholders • Match organizational structure to the mission • Write a satisfying mission Novus Business and IT Training Program 14