The primary purpose of the Mission statement is to guide all the stakeholders to follow the same mission for the betterment of the organization while the vision statement offers a comprehensive direction with the perception of the corporate values (Darbi 2012). It also provides the aim an organization set to achieve shortly. In this assignment, the Mission and vision for ZeiTel is defined followed by the PRST and SWOT analysis of the same organization. Moreover, the importance of joint venture is defined with their competitors and allies.
Assignment Task-(1)
Existing vision and mission ZeiTel is an import/export organization that sells espresso coffee machines for many years. The researcher depicts the vision and mission of that organization. Mission: ZeiTel value or prioritize are the faith in the
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Review the organizational values Mission: ZeiTel also manufactures machines that consume 35% less energy with a more advanced heat exchanger. As a result, the Espresso is experiencing double growth rate. Another factor that can support their sales to achieve their revised mission is to attract the new consumers (Wang et al. 2014). Targeting their sales in the office premises and the Bureau personals, which prefer coffee with almost every meal ZeiTel have the opportunity to affluence their business. Vision: This aspect deals with the beneficial furtherance in their commercial trade aiming the expansion of their business to every corner of Australia and also worldwide. The consequence that supports them is the high rate of growth in the Australia and the rule regulated by the government to cite free trading policies in the imported items respectively (Kelly 2014). In this way, ZeiTel can trade with other countries also, which enriched their reputation in the market.
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In order for any organization to be successful, they must be able to establish a purpose. Each and every organization must carry out this mission through its business operations and executed through all stakeholders actions. According to Radtke (1998), “A good mission statement should accurately explain why an organization exists and what it hopes to achieve in the future. It articulates the organization’s essential nature, its
Handpresso is a product designed for coffee lovers. Inspired by the quote “Simplicity is the ultimate sophistication”, Handpresso’s is developed as a simple small portable espresso machine. It is invented by Nielsen Innovation which specializes in creating new-to-the-world products. Nielsen Innovations, founded in 2000, designed and developed several innovative products such as Wi-Flow technology for a vacuum cleaner and Reelight – battery-free bicycle lights. Handpresso started as a self-financing product design project. Upon completion of the basic design, Nielson Innovation approached a couple of leaders from the espresso market to obtain a licensing agreement. The companies were happy with the portability offered by the Handpresso but they were not interested to purchase the product. Since there were no direct substitutes in the market, Nielsen Innovation decided to develop the product in-house and take it directly to market. Today, after the product development is almost complete, there are many questions that need to be answered for developing a business around this innovation. The biggest question posed is what next?
Both vision and mission statements are the choice of inspiring words by very well known successful leaders to clearly and concisely communicate the direction of an organization. By making a reasonable statement of purpose and vision statement, you can compellingly communicate expectations and intentions all while motivating the organization to realize an attractive and inspirational common vision of the future. Each and every organization should have a specific set of values and goals, whether they are verbatimly written down or not. The values guide the viewpoint and perspective of the organization as well as its activities.
An organizations existence is based on its mission statement. The mission statement of an organization identifies the people who it serves and states the standards of practice, ethics, and principles for which it believes in. An organization’s vision statement looks into the future and states goals the organization wishes to accomplish (Marquis & Huston, 2012). The mission and vision statement are important for driving the climate and culture of the organization.
Most organization have develop an element called a mission statement. A mission statement describes and helps focus the attention of organizational members and external constituents on the organization's core purpose. This is use in the criminal justice and security agency use mission statement for the success of the organization and better serve the community or businesses that they have agree to serve and protect.
By 2003, the number of retail specialty coffee shops, cafes, kiosks, coffee carts, and roasters in the United States reached over 17,000, equating to nearly $9 billion in sales. According to the Specialty Coffee Association of America, 16 percent of adults in the United States drink coffee from one of these specialty outlets daily. (“Organo Gold”, 2008).
The Mission Statement is a vital component in the strategic planning of a business organization. Creating a mission is one of the first actions an organization should take. This can be a building block for an overall strategy and development of more specific functional strategies (Abrahams, 1995). By defining a mission an organization is making a statement of organizational purpose.
Organizing the direction of a business or corporation is essential because it can increase profitability and provide broad guidelines for how to accomplish the organization goals. This is where a mission statement becomes useful. A mission statement should be short, concise, and to the point. Employees should be able to remember it and make it part of their everyday work culture.
Espressamente was created by Illy, the well-known inventor of espresso machine and producer of the best coffee in Italy. As the competition of premium coffee industry has gotten aggressive, the managing director of Espressamente examined the expansion of Espressamente into the global market and the company’s future growth opportunities. The managing director considered international expansion into the markets with the highest potential, which were Brazil, China, Germany, India, Japan, the United Kingdom and the United States, This paper will conduct a CAGE (culture, administrative, geographic, and economy) analysis and examine a SWOT (strengths, weaknesses, opportunities, and threats) analysis to determine
A mission statement describes the objective of a company or an organization. It shortly defines the overall goal and clarifies why the company exists (Griffin,1990). A mission statement should indicate some core points..
This marketing plan will show that the solution to Mr. Coffee’s problem is show that the features and technological improvements, specifically the Wi-Fi option, thermal carafe, and optimal brew temperature feature create a good value and great cup of coffee. The plan will rely heavily on channel and image differentiation. This device will be easier to get than pricey Italian entries and the Mr. Coffee brand will be shown to reestablish brand affinity by keying into pop culture references.
On the other hand, mission statement is the reason why a company exists and it’s a statement that declares the core purpose of a company. Mission statement usually will remain the same over time (Bratianu, 2007). The mission is different from a vision as it aims to create competitive advantage and also achieve the social goal of a company (Bratianu, 2007).
The mission statement communicates to stakeholders the main activities that the company focuses on in order for it to achieve its vision. The mission statement communicates to employees’ information on how to conduct their day to day activities. The mission statements also describe the organizations, policies, culture as well as ethics (Alesia 2013).
The vision statement should inspire your employees and give them direction on how your organization intends them to act and give them purpose. It also, gives our members understanding of what type of private club they would like to do business with. The mission statement defines the club’s primary objectives and purpose. It’s the Club’s key piece of communication to Board of Directors, employees, and members. The
The existing Vision and Mission statements of Zie Tel is – “Selling espresso coffee machines especially to cater to home appliance market, and incorporating other digital home entertainment products”.