Social:Vision statement
From HandWiki
A vision statement is a high-level,[1] inspirational[1] statement of an idealistic emotional future of a company or group. Vision describes the basic human emotion that a founder intends to be experienced by the people the organization interacts with.[2][circular reference][3][circular reference]
Vision statements may fill the following functions for a company:[4]
- Serve as foundations for a broader strategic plan.
- Motivate existing employees and attract potential employees by clearly categorizing the company's goals and attracting like-minded individuals.
- Focus company efforts and facilitate the creation of core competencies by directing the company to only focus on strategic opportunities that advance the company's vision.
- Help companies differentiate from competitors.[5]
A consensus does not exist on the characteristics of a "good" or "bad" vision statement. Commonly cited traits include:[6]
- concise:[1] able to be easily remembered and repeated
- clear: defines a prime goal[5]
- time horizon: defines a time horizon
- future-oriented: describes where the company is going rather than the current state
- stable: offers a long-term perspective and is unlikely to be impacted by market or technology changes
- challenging: not something that can be easily met and discarded
- abstract: general enough to encompass all of the organization's interests and strategic direction
- inspiring:[1] motivates employees and is something that employees view as desirable
See also
Citations
- ↑ 1.0 1.1 1.2 1.3 Project Management Institute 2021, §4.6.1 Strategy Artifacts.
- ↑ Start with Why
- ↑ The Infinite Game
- ↑ Lipton, Mark (Summer 1996). "Demystifying the Development of an Organizational Vision" (PDF download). Sloan Management Review 37 (4): 83. https://sloanreview.mit.edu/article/demystifying-the-development-of-an-organizational-vision/. Retrieved 2019-11-25.
- ↑ 5.0 5.1 Project Management Institute 2021, Glossary §3 Definitions.
- ↑ Kantabutra, Sooksan; Avery, Gayle (2010). "The power of vision: statements that resonate". Journal of Business Strategy 31 (1): 37–45. doi:10.1108/02756661011012769. http://www.collegeofmanagement.mahidol.ac.th/research/images/VisionstatementsJBS.pdf.
References
- Project Management Institute (2021). A guide to the project management body of knowledge (PMBOK guide). Project Management Institute (7th ed.). Newtown Square, PA. ISBN 978-1-62825-664-2.
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