State Farm Insurance Company Vision Statement

Through sustaining the customer relationships, leaders of the company have realized that “becoming nearer to the consumer” is vital for the progression.

As an Underwriting Service Assistant at State Farm, I consistently strive to exceed all expectations set before me. On a daily basis, I strive to provide remarkable customer service by helping to foster a high-quality and high-production environment. Working in a fast pace environment has provided me the opportunity to develop and perfect my leadership skills. I take accountability for my own development and utilize all State Farm resources, which has helped to propel me to be a strong leader on my team. I've earned accolades such as the On the Spot Awards and Ovation Awards. I take the initiative to identify any learning needs and provide any additional coaching needed to process work types. I develop and create committees that aid in producing more user-friendly job aids to fill any training gaps. I share any leading practices with my peers to help increase our team's quality and productivity.

In short a Vision statement describes the organization's vision for the future. It provides an organization a strong sense of direction as well as an end destination point for management and staff to strive to achieve through their diligent work ethics. (Evans, 2010)

Columnist Kouzes and Posner stated, “As counterintuitive as it might seem, then, the best way to lead people into the future is to connect with them deeply in the present” (Kouzes and Posner, 2009, To Lead, Create a Shared Vision, para 7). A written vision statement is not valuable if the words lack vehemence. Shared vision implies that each member of the team or business is active and inventive. Actions become applicable when goals and objectives are clearly identified. Present activity will set the path for where the business is headed. The term shared means individuals are united.

Deutsche Allgemeinversicherung (DAV) is one of the world’s largest insurance companies. The success of the company has been contributed to its product offerings and “an excellent group of insurance managers” (case page 2). The company provides superior “traditional insurance management” and excellent customer service. However, the company began to face stiff competition not only from larger competitors but also from smaller insurance firms that are able to provide customized service to each individual client. To keep its current position in the market DAV has decided to concentrate on quality of customer service which it sees as a core competency. The

According to Pearce and Robinson, “A vision statement presents the firm’s strategic intent that focuses the energies and resources of the company on achieving a desirable future,” (2009, p. 37). To put it simply the vision will paint a picture of what it will be in the future. The vision statement is going to be where the owners or board of directors, see the business going, and will change as the business grows. In order to achieve that goal it is good to have it in writing to help all those who are in the business visualize where the business is going and helping make that vision a reality in the future.

Any successful organization in in the 21st century should have a mission and a vision. When an organization has a foundation and a purpose for existence, they will have the basic qualities of a successful establishment. To follow through with a mission, a vision must be created. A vision is based off of a company’s purpose for existence and formation of long-term goals. Without goals, an organization has nothing to work for and no reason to become successful. While working at Safeway, I was aware of the mission of the company and the vision that the company had.

State Farm Mutual Insurance Company was founded by George Jacob Mecherle in 1922. Mecherle was a retired farmer, his vision for starting State Farm was to operate fairly and do the right thing for the customer. The continue effort for State Farm is to always be the first and the best choice in the insurance and financial products offered. State Farm operates Insurance in the United State and Canada. Recently, State Farm has gone through a logo change, while the outline of the logo has remained the same, the company as a whole decided on a simpler logo to make it more uniformed and recognizable across the country. The slogan “Like a good neighbor, State Farm is there” was originally written by famed American song write Barry Manilow in 2071. (Fast Facts, n.d.)

State Farm’s mission is to help people manage the risks of everyday life, recover from the unexpected, and realize their dreams. We are people who make it our business to be like a good neighbor; who built a premier company by selling and keeping promises through our marketing partnership; who bring diverse talents and experiences to our work of serving the State Farm customer. Our success is built on a foundation of shared values — quality service and relationships, mutual trust, integrity and financial strength. Our vision for the future

A vision is basically the target goal for the company’s future. After reading the Mystic Monk Case, I came to the conclusion that the vision for the company is to earn enough profit to be able to purchase a Ranch called Irma Lake. In the case study, Father Daniel Mary states his vision, “We beg your prayers, your friendship and your support that this vision, our vision may come to be that Mount Carmel may be refounded in Wyoming’s Rockies for the glory of God”. In this statement, the Irma Lake Ranch is located in what he refers to as the Wyoming Rockies. The mission statement essentially is what is happening in the company at that time

A company's vision is a "general statement of its intended direction that evokes emotional feelings in organization members." (Dessler, 2003). The mission statement determines the type of business it will be by setting the purpose for the company, and

New York Life (NYL) has set its mind on growing the Guaranteed Lifetime Income (GLI) business in the future, but faces several possible paths in order to reach this goal. To be as cost-efficient as possible, we think that the company should select its pool of end-customers wisely. The focus on retirees should be maintained and even enforced, as many still do not know the products proposed by NYL. Furthermore, the focus should be broadened to a larger target group, to include the “typical” customers of the companies, families with children. As noted by Rotemberg and Gourville (2010), NYL tends to build long term relations with its clients, as agents follow them over time

A company’s mission statement specifies how the firm intends to compete and serve their customers (Hitt, Ireland, Hoskisson, 2013, p.18). The vision and mission provide the foundation for an organization’s strategies (Hitt et al., 2013, p. 18). The company’s objectives should be inspiring and relevant to all their stakeholders (p.18). Ford’s vision statement addresses the concerns of their stakeholders and their ability to enhance the firm’s

An effectively communicated vision is a valuable management tool for enlisting the commitment of company personnel to actions that get the company moving in the intended direction.

Vision is defined as the image that the organization aspire to became in the future. In order to develop a vision, it is important to ask how will the corporation look like “x” years from now if they accomplish their objectives? Thus, this vision will essentially set directions for the organization. There are some useful principles that makes a great vision such as, it should