Mission, Vision, Values, And Core Competencies Of Worldcom Inc. Essay

(P1.1) In formulating a business strategy, it is a crucial factor to determine what the organization’s mission, vision, objectives and core competencies are because it sets an idea on what the organization should do and what purpose do they have in the industry to contribute to their customers. It also helps what markets should they target and what action should they plan to have a competitive advantage.

Why is alignment of employees’ perceptions critical for proper strategic actions to make place? Why do you think executives’ perceptions might differ from those of other staff?

In order to be productive all members of staff should be aware of the goals of the firm. Knowing the goals allows the manager to make effective decisions. The goals of the firm can be viewed as the motives of the entrepreneur’s who own and run the firm. There a number of goals that a firm can pursue in its day-to-day

In general, an overall strategy should precipitate into goals and those goals in strategic objectives that can be used to by 1st and 2nd line managers. These strategic objectives’ progress are measurable and quantifiable. Many managers utilize tools such as score cards to analyze the success or lack of, that a company and its managers attain, fails to meet, or surpasses the stated goals. Alignment of these processes to reach a company’s goals is dependent upon the number of goals, the specificity of these goals, and whether or not the entrusted managers have executed these strategies with the necessary resources to accomplish them. According to Sull (2015), “80% of managers say that their goals” fall into this category” (p. #)

(1) The management team must adopt a strategic management plan. First of all, they have to develop a clear vision and a mission statement to inspire and motivate all the frameworks for the company’s future strategic planning. According to “Mission Statements and Vision Statement” (2011), “by crafting a clear mission statement and vision statement, you can powerfully communicate your intentions and motivate your team or organization to realize an attractive and inspiring common vision of the future” (p.1). The management team should create a mission statement that describes the company’s purpose and primary objective. For the vision statement, it should include the company’s value and purpose of the company. With a clear vision and mission statement, management and employees would be able to follow the right direction as a team. They also need to define “who their customers are, what products and services it supplies, and how these products and services are provided” (BUSN 460 Week 1 video, slide 3).

It provides direction to let the employees and stakeholders know “where the company is going”. When forming a vision, the leadership must be realistic about their market, competition, economic climate, and regulatory conditions and properly ascertain and espouse the values of management, employees, and stakeholders (Schoemaker, 1992). A company’s mission is its statement that communicates the purpose of the organization. It gives the who, what, and why of the business. This successful completion of the strategic planning and execution process allows for the public and the organization’s members to see that the vision was established to be reality and not simply rhetoric, as is the case with many organizations that suffers from confrontations between management and a lack of commitment to the organization’s vision and values (Fiegener, Brown, Prince & File,1996).

WorldVision was founded in 1950, by Dr Robert Pierce, a young pastor and missionary, who had travelled to China and Korea in 1947 as instructed by the Youth for Christ missionary organization. There he met people who regularly went without basics such as food, clothing, shelter and medicine. At the end of the Korean War, the first child sponsorship programme began three years later in response to the needs of hundreds of thousands of orphans. Over the next several decades World Vision expanded their work throughout Asia, Latin America, Africa, the Middle East and Eastern Europe. For example, in the US, he started fundraising for his work by supporting children in Asia. While World Vision Australia opened in August 1966.

The decision to begin, enter, or continue with a business venture has a specific amount of risk associated with the undertaking and once begun specific goals and objectives need outlining and measurement devises put in place to confirm the future success of the entity. In a simple form, a strategic plan determines where an organization is going during the year to two years, how it will get there, and if it can reach the objective desired. There is a variety of approaches in a strategic plan but what need the most consideration is the leadership in an organization, organizational culture, and the organizational environment. One manner of ensuring the continuity and attainment of a

The world today is constantly changing. Certain aspects of the world are beginning to advance and transform more rapidly than others, such as technology. These modern transformations of society are important to take into account when developing a strategic plan for any organization. This is because these advances in society can pose “threats, challenges, or opportunities” to the organization at hand (Bryson 2011, 151). Furthermore, according to Bryson assessing the strengths and weakness of an organization in relation to these different features that were just mentioned is an important step in the strategic planning process (Bryson 2011, 151-152). Assessing these strengths and weakness involves members or an organization to identify and analyze different external and internal trends and then develop a SWOC/T analysis of how these external and internal trends can come together to affect the impending organization.

United States history," the New York Times stated in their article the time this occurred.

A company that would like to expand and continue the health of the company needs to formulate strategy. There should be goals that plans and actions of a company would attempt to reach. A company may utilize competitive strategies that in which goals are made with competition in mind and corporate strategy concerns goal-directed plans and actions that target business choices (Coulter, 2013).

The purpose of this paper would be a personal strategic plan for myself in which visualizes me as a business organization, or as You, Inc. Therefore, to create a personal strategy one must examine a mission statement, vision statement, and understand the environmental scan to identify external opportunities and threats; in which, an individual or organization gathers information about the market, society, its competitors, and oneself. A mission statement defines an individual purpose for achieving certain goals. An individual mission statement should define their primary attributes to employers, employees, or clients to identify the products and services they have to offer in a particular field. A vision statement is long-term goals that give an individual the formation that allows them a competitive advantage in an organization or particular market. My personal vision statement is to seek employment in the manufacturing sector as operations manager in logistics. Once this information is achieved the individual or business can take the necessary steps to identify signs (Business Dictionary, 2015) of pressure and prospects that may influence their current and future course of action through tools such as P.E.S.T (Political, Economic, Social and Technological) and through S.W.O.T. (Strength, Weakness, Opportunity, Threat) analysis (QuickMBA, 2010).

The Mission, Vision and Values of a company play a Fundamental role in Strategy Formulation and Strategic planning. We will discuss throughout this assignment, how developing effective mission, vision and values can help shape, develop and guide a firms Strategic choices. They reflect the firm's fundamental core ideology. At the most basic level a mission statement can describe the firms overall purpose for being. It provides an inside to the present business scope and purpose of the firm that is "who we are, what we do, and why we are here". It explains the firm's very reason for existing. It will

David, F. (2013). The Business Vision and Mission.  Strategic Management. Pearson Education Retrieved from http://faculty.unlv.edu/amiller/BUS496/david%20_sm14_inppt02.ppt

WorldCom’s board of directors was comprised mostly of “former owners, officers, or directors of companies acquired by WorldCom” (Kaplan and Kiron, 2007 p. 10).