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Mission, Vision & ValuesMission, Vision & Values
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Explanation…
http://www.youtube.com/watch?v=CSAAkHnwQyY
This YouTube clip explains the difference between a company’s mission, vision and values – it uses the example of ‘Coca Cola’
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Coca Cola mission, vision and values
http://www.coca-colacompany.com/our-company/mission-vision-values
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Mission Statement:
• A mission statement attempts to capture what the business does and how the business works
• Gives a clear sense of purpose and may be accompanied by a list of the business’s (values may also be listed in the statement)
• The organisations mission, values and vision form key components of its business plan (a doc identified the process for achieving business goals)
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Have a think…
Does the Australian International School have a mission, visions and values statement?
• If you do not know – use your laptop to Google the school website
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Mission, Visions and Values
• Communication of the mission, values and vision can be in the form of:
• Formal statements (annual reports)
• Websites
• Displayed in boardrooms, offices, staffrooms
• Logos on T-Shirts, coffee mugs etc
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Continued…
• Effective communication of business vision or values is important for an open and unified culture
• Managers must ‘walk the talk’ – show by their behaviour and communication that they are implementing the mission, practicing the values and striving to achieve the vision
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Activities…
• Page 13 • Gloria Jeans Coffee – activities 1-2
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Vision Statement
• In order to be strategic, companies need to visualize (imagine) what the business will be like in the future and strive to achieve this vision through a range of strategies
• Vision Statement: Where the company will be in perhaps 3 to 5 years time and what it will be doing, how successful it will be and how others will perceive it
• Vision statements are positive and inspirational with the intention of motivating managers and employees to strive to achieve the visions
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Continued…
• Once vision has been developed, goals are identified to ensure vision can be achieved
• Goals are statements of direction that spell out how the vision will be achieved
• Objectives are identified for each goal – they are specific and should be written in a particular style• They start with the word ‘To’ followed by an action verb• They identify a single result to be achieved• They specify a target date for completion or a time period
for achievement
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Continued…
• Example of company’s goals and specific objectives on page 16 of the text book
• Continue onto strategies straight from text book:
• Strategies identify the action that will be taken to achieve the objectives
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Activities…
• Look at cases p. 14-15• Activities p.17
• ‘The first Slice’ Q1 a-d• ‘Job well done’ Q2 a-c
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Have a think..
Think of a business you would like to own or manage or
work for• Create a mission, vision and values statement for this
business
• Present this statement to the class and explain why you included the particular aspects
Becomes HW if not finished in class – will present at
beginning of tomorrow’s lesson