QuestionDeveloping Performance Management and Strategy

Developing Performance Management and Strategy

A mission statement summarizes an organization’s most important reason it exists. It provides information on the purpose of the organization and its scope. The organization’s managerial philosophy, which includes the values and beliefs of the organization, can also be included in the mission statement.

A vision statement declares the organization’s future aspirations (about 10 years in the future). It is typically written after the mission statement is completed because the organization needs to know what it is and what its purpose is, before it can figure out what it will be in the future.

Strategies are descriptions of game plans, or how-to procedures, to reach the stated objectives. They address issues of growth, survival, turnaround, stability, innovation, and leadership, among others.

Identify an international organization and explain how their vision and mission can have an impact on job satisfaction.

Create two strategies that are tied to the organization’s mission and vision statements, which will enhance the job satisfaction of employees.

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