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C209 Task 1

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Lee Fredericks Strategic Management – C209 Nate Sexton June 18, 2024 C209 – Task 1 A1 Creating an effective vision, mission and values statements are extremely important to the formation of a company’s overall strategy. A vision statement is the source of a company’s long term and future goals, which outlines what the company aims to achieve and how it plans to attain these goals. By providing a clear guideline, the vision statement shows management and stakeholders which actions are needed to fulfill the company’s overarching goals. In contrast, the mission statement defines the company’s current purpose and fundamental activities. It shows why the company exists by highlighting the core functions and clarifying priorities. The mission statement is crucial because it directs strategic focus and the allocation of resources. This ensures that all efforts are contributing towards fulfilling the company’s short-term goals while also keeping long-term goals in mind as well. The value statement contains the fundamental principles and beliefs held by the company. These beliefs guide the company’s culture, as well as management and employee behaviors. This statement builds a framework for all actions and decision-making while maintaining integrity and consistency within the company. By following these set values, the conduct of all members of the company will fall in line with the company’s ethical and …show more content…

Active involvement and commitment from corporate leadership are crucial for creating and executing strategic plans. Leaders set the tone and direction by ensuring that everyone in the company aligns with the common goals. Leadership buy-in affects resource allocation, shapes company culture, and drives decision-making (Williams, 2024). Additionally, they communicate strategic vision to stakeholders, which boosts confidence and engagement. Leadership’s participation sets the tone for turning strategic plans into effective actions that will make the company

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This allows employees to be able to look at a company and decide if their goals line up with the organization’s aspirations. The vision statement at St. Elizabeth is: “St. Elizabeth is the preferred destination for healthcare, where innovative professionals deliver the highest quality of care” (“St. Elizabeth Healthcare,” n.d.). As an employee of this company I think that our vision statement is not as clear and concise as it could be. I do look at our vision statement and focus on the statement of delivering the highest quality of care with innovation, which makes me realize that the company looks at the future as far as practices and

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Mission statements are very important when it comes to business. Having a good mission statement will help people understand who you are and what your mission is in having and owning your business. It also creates trust with the customer and business owner. What really tops off a good mission statement is having detailed information and facts to back up your mission statement. The cooperation that I chose is CVS Health, which is business regarding health care.

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A mission statement is a defining piece of identity for an organization. It shows what an organization stands for, what is at stake and reflects who is invested in the organization. Mission statements serve just as great of a purpose to the community as they do to the organization. It is an organization’s promise to the community and a way to hold themselves accountable within their organization. This paper will discuss possible mission statements, departments necessary as well as positions and job descriptions, an organization reporting chart and discuss outsourced functions.

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I aspire to emulate them and establish a mission and vision statement that would shape the strategic decisions.   Reference Sears, D. (April 19, 2023). Mission vs. Vision Statements: A Guide with Examples. Blue Host. Retrieved from:

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When we consider mission statements and how these help companies drive their strategy forward to achieve a vision, we find that some mission statements are more successful than others in accomplishing this task. For a mission statement to be successful it must guide a company in planning and executing specific goals and objectives through a meaningful, unified strategy. An excellent example of a company with a mission statement which reflects corporate values driving corporate strategy is the multinational financial institution, Bank of America. Bank of America’s mission statement according to MissionStatements.com is “Connecting people to what matters most through lending, investing and giving.” To examine how successfully this mission has

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In addition, when developing goals, vision, and mission statement stakeholder’s

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Life mission statement, the expression of person’s vision and values, is composed of principles we usually take for granted. We get our unique or already existing values by designing and modifying life-lessons and experience. Life values are the core of the mission statement and they drive our decisions in every situation that may become crucial for the life path. Steve Jobs is an example that proves that our decisions are based on principles we value. Steve Jobs presents the importance of defining these principles in his commencement speech (2005).

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Its significance stems from the contribution it makes to the organization’s success. Leadership is critical and crucial to formulate and implement strategy. A clear commitment to the development of any strategy must be contributed by the senior management or the management team, who must provide the necessary leadership (Schram, 2014). Ideally, a strategy must be developed from the bottom up. Leadership is crucial concern to promote change, and the inherent value basis.

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Strategic leadership requires creating meaning and purpose for the organization with a powerful vision and mission that creates a future for the organization (Hambrick, 2007). Despite the burden of strategy implementation being placed on the top managers in an organisation such as the Chief Executive Officer (CEO), the input from lower level managers as well as other employee networks contribute significantly towards the implementation of the strategy. As a corporate or strategic leader, one has a role in developing a vision that inspires the organization’s employees as well as partners, where appropriate clients and the community at large. Therefore, organizational leadership is central to the creation of a learning and performance culture in the organization that motivates managers and staff members to pursue organizational

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The vision, mission, and strategic priorities need to be clear and focused and anticipate the change in the marketplace or the changes that the organization needs to make in order to drive the business and future growth forward. When this is done well, everyone throughout all levels of the organization asks how does my job connect with the strategic priorities and what is my role in the success of the organization. An analogy of this would be an orchestra playing from one sheet of music. The sound of the orchestra is pure magic. The audience can tell how special the orchestra 's performance is and the melody touches the listener 's soul.

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