Mission Vision Goals and Objectives

Vision , Mission ,
Objectives and
Goals
STRATEGIC INTENT
Strategic
intent is the leveraging

of a firms internal resources,
capabilities and core
competencies to accomplish the
firms vision, mission, objective
and goals in a competitive
environment.
HIERARCHY OF STRATEGIC INTENT

MISSION
GOALS
OBJECTIVES
Vision
Defining Vision
description of something in the future
mental perception of the kind of environment
an individual, or an organization, aspires to
create within a broad time horizon and the
underlying conditions for the actualization of
this perception
Examples
BSNL Vision Statement
To become the largest telecom service provider in
Asia.
Walt Disney vision Statement
Make people happy
Stokes Eye Clinic, Florence, South Carolina
Our vision is to take care of your vision.
Characteristics
1. Vision is developed through sharing
across an organization
2. Methods of convincing the others about
vision
3. Change agents
Benefits of having a vision

Good visions are inspiring.
Good vision foster long term thinking.
Good vision foster risk-taking and experimentation.
Good vision help in the creation of a common identity
and a shared sense of purpose.
Good visions are competitive, original and unique.
Vision Statement
A vision statement answers the question,
What will success look like?
The pursuit of this image of success is what motivates
people to work together.
Example vision statement
Infosys
Vision
To be a globally respected
corporation that provides best-of-breed
business
solutions,
leveraging
technology, delivered by best-in-class
people."
Missio
n
Mission
Organizations relate their existence to satisfying a
particular need of the society. They do it in terms of
their mission.
Mission is a statement which defines the role that
an organization plays in a society.
It refers to the particular need of that society for
instance, its information needs.
Defining Mission
essential purpose of the organization, concerning
particularly why it is in existence, the nature of the
business it is in, and the customers it seeks to serve
and satisfy.
purpose or reason for the organizations existence.
mission is an enduring statement of purpose that
distinguishes one firm from other similar firm.
In short the mission describes the

product, market and technological areas
of emphasis for the business.
Example Mission Statement:

NewPort News Shipbuilding
We shall build good ships here at a
profit if we can at a loss if we must

but always good ships
Characteristics
1. Feasible
2. Precise
3. Clear
4. Motivating
5. Distinctive
6. Indicates major components of strategy
Need for an explicit mission

To
ensure
unanimity
of
purpose
within
the
organization.
To provide a basis for motivating the use of the
organizations resources.
To develop a basis, or standard, for allocating
organizational resources.
To establish a general tone or organization climate.
To serve as a focal point for those who can identify
with the organizations purpose and direction.
Mission Statement
A mission
statement
is
an
enduring
statement of purpose that distinguishes one

business from other similar firms. A mission
statement identifies the scope of a firms
operations in product and market terms.
BSNL mission
To provide world class state of art technology
telecom services to its customers on demand at
competitive prices.
To provide world class telecom infrastructure in its
area of operation and to contribute to the growth of
countrys economy.
The mission statement of an organization is normally

short, to the point, and contains the following elements:
Provides a concise statement of why the organization
exists, and what it is to achieve;
States the purpose and identity of the organization;
Defines the institution's values and philosophy; and
Describes how the organization will serve those
affected by its work.
Formulating mission
1.
What is the basic purpose of your organization?
2. What is unique about your organization?

3. What is in your company that will make it stand out in
a crowd?
4. Who are, and who should be, your principal
customers?
5. What are the basic beliefs, values and philosophical
priorities of your firm?
MISSION
Driving in a wireless world
Vodafone is primarily a user of technology rather
than a developer of it, and this fact is reflected in the
emphasis of our work programme on enabling new
applications of mobile communications, using new
technology for new services, research for improving
operational efficiency and quality of our networks,
and providing technology vision and leadership that
can contribute directly to business decisions.
Infosys
Mission "To achieve our objectives
in an environment of fairness, honesty,
and courtesy towards our clients,
employees, vendors and society at
large."
A Vision statement describes

organization would like to become.
what
the
A Mission statement
organization is now.
what
the
describes
What the company is providing to society?
Ford vision statements

people working together as a lean, global
enterprise for automotive leadership.
Example Mission Statements

Wal-Mart "To give ordinary folk the chance to buy the
same thing as rich people."
Google's
mission is to organize the world's
information and make it universally accessible and

useful.
Objectives
Objectives
Objectives represent a managerial commitment to
achieve specified results in a specified period, of time.
They clearly spell out the quantity and quality of
performance to be achieved, the time period, the
process and the person who is responsible for the
achievement of the objective.
Objectives are end results of planned

activity
Objectives state what is to be

accomplished by when and should be
quantified if possible.
Example Objectives
Minnesota Mining & Manufacturing (3M)
Financial objectives
1. To achieve 10% growth in earnings per
share.
2. To achieve 20% - 25% return on equity.
3. To achieve 27% return on capital
employed.
Characteristics
1. Objectives form a hierarchy
2. Objectives form a network
3. Multiplicity of objectives
4. Long and short range objectives
Importance of objectives
1. Objectives help to define the organization in its
environment
2. Objectives help in coordinating decisions and
decision-maker
3. Objectives help in formulating strategies
4. Objectives provide standards for assessing
organizational performance
Objectives of BSNL
National Plan Target of 500 million subscriber base for
the country by December 2010.
Broadband customers base of 20 million in the country
by 2010 as per Broadband policy 2004.
Factors affecting Objectives

1. Forces in the environment
2. Internal forces
3. The value systems of the top executives
Goals
Goal
Goal is defined as an intermediate result to be

achieved by a certain time as part of the grand
plan . A plan can, there for have many goals.
Goals are short term (one year or less) milestones

or bench marks that organizations must achieve in
order for long term long term objectives to be
reached.
Goals
should
be
measurable,
quantitative,
challenging, realistic, consistent and prioritized.
A set of goals is needed for

each
objective
that
is
established
in
an
organization.
The following are the important

operative goal-Charles Perrow
Environmental
Output
Goal
System Goal
Product Goal
Derived Goal
Goal
Goals are important in Strategy

implementation
Objectives are in strategy formulation
Goals are an expected or desired outcome of a

planning process. Goals are usually broad, general
expressions of the guiding principles and aspirations
of an organization.
Objectives are precise targets that are necessary to
achieve goals. Objectives are detailed statements of
quantitatively or qualitatively measurable results the
plan hopes to accomplish.
Thank you

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Vision , Mission ,

intent is the leveraging

HIERARCHY OF STRATEGIC INTENT

Benefits of having a vision

Example vision statement

In short the mission describes the

Example Mission Statement:

profit if we can at a loss if we must

Need for an explicit mission

statement of purpose that distinguishes one

The mission statement of an organization is normally

What is the basic purpose of your organization?

2. What is unique about your organization?

A Vision statement describes

What the company is providing to society?

Ford vision statements

Example Mission Statements

mission is to organize the world's

information and make it universally accessible and

Objectives are end results of planned

Objectives state what is to be

Factors affecting Objectives

Goal is defined as an intermediate result to be

Goals are short term (one year or less) milestones

challenging, realistic, consistent and prioritized.

A set of goals is needed for

The following are the important

Goals are important in Strategy

Goals are an expected or desired outcome of a

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