Implementing Strategic Goals in the Organization
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The paper first looks at how an organization's vision, mission and values relate to its strategic plan and discusses how the vision, mission and values of the company create its culture, which in turn affects the strategic plans and the effective implementation. The paper explores how an active board of directors affects the implementation of strategic goals and describes how a board of directors today has the duty of overseeing the activity of the firm and is directly responsible to the stockholders who elect them to represent their interests.
From the Paper:"An organizations vision is what it is in the market for. In other words the vision is the ideal to be achieved in its particular lines of the business. On the other hand the mission signifies the way and the method of bringing about the vision. Values thus are the high principles that have to be followed by the company in achieving the mission and then the vision. A participative leadership style gives maximum importance to the implementation of the mission, and vision of the company to the leadership which must thus include it in the plan. Thus the organizations leadership must encourage the workers and other personnel of the company to implement its value statement. Thus the employees and management have to be committed to the core values. (Kernaghan; Borins, Marson, 2000)
"There must therefore be a shared commitment absolutely to the core values of the company by all the constituents of the company. The role of values in the creation of a system that includes the vision and mission cannot be overstated. The values and ethics of the company must be shared by all the employees and management of the company. This, the shared values or value statements, can point to the way and the borders of strategic planning, what cannot be crossed, and what must be avoided. Values give direction to planning, and it is thus the value statement that ultimately motivates. (Kernaghan; Borins, Marson, 2000)"
Sample of Sources Used:
- Kernaghan, Kenneth; Borins, Sandford F; Marson, Brian. (2000) "The new public organization" Institute of Public Administration of Canada.
- Kreitner, R. (2008) "Organizational Behavior 8E (Sie)" Tata McGraw-Hill.
- Luffman, George A; Lea, Edward; Sanderson, Stuart; Kenny, Brian. (1996) "Strategic management: An analytical introduction" Wiley-Blackwell.
- Pearce, John. A; Robinson, R B. (2010) "Strategic Management: Formulation, Implementation And Control?" Tata McGraw-Hill.
Cite this Term Paper:
Implementing Strategic Goals in the Organization (2013, April 30) Retrieved August 15, 2020, from https://www.academon.com/term-paper/implementing-strategic-goals-in-the-organization-152885/
"Implementing Strategic Goals in the Organization" 30 April 2013. Web. 15 August. 2020. <https://www.academon.com/term-paper/implementing-strategic-goals-in-the-organization-152885/>