available resources towards meeting organizational goals B u s i n e s s F i n a n c e
Apple Inc. is one of the most successful technology companies and this success is based on its vision, which is to make the best products on earth, and to leave the world better than we found it (Rowland, 2020). Another tech giant, Microsoft, has a vision to help people and businesses throughout the world realize their full potential (Microsoft.com, 2021). Finally, Google’s vision is to provide access to the world’s information in one click (Google, 2021).
These statements are clear in indicating the direction of the companies consistent with organizational values and beliefs. Accordingly, the vision statements meet the four components of an organizational vision. For instance, Apple values making the best products and its purpose is to make the world a better place (Coutler, 2013). Although these are broad goals, the statement fails to explain what the products that the company makes.
Microsoft values and purposes to improve people’s lives and their businesses consistent with the company’s long-term goals. Like Apple, however, the vision statement does not specify company products. Google, on the other hand, explains in the organizational vision that the company is a data storage company. Moreover, by delineating the company’s desire to provide worldwide access to information at a go, the vision statement highlights the company’s broad goals as well as its primary objective. Additionally, this statement illustrates the company’s value for information or data.
The vision statements are pivotal in strategic decision making because they provide a blueprint to base the companies’ corporate strategies. Specifically, the values of these companies influence the product choice. For example, Apple will focus on manufacturing products that make the world a better place. Microsoft’s decision makers will, similarly, design products that improve people’s lives and businesses. Google will follow the same trajectory by improving ways to store and access information via the internet. Therefore, the executives in these companies will channel production lines and available resources towards meeting organizational goals and values as defined in the organizational vision statement.Instructor
Response that needs answered:
All tech organizations. Its vision is largely seen through the lens of its products as you have articulated. However, as anyone dealing with tech organizations has found, the loyalty and support is also either cemented or undermined by how the firm executes the interface and interaction with its customers. As you examine the expressed vision and mission of each, how do you feel the executed vision aligns with the stated vision of each? Consistent or inconsistent? Explain why, and more specifically, if it has impacted your buying decision. The reason why this last question is important is for us as leaders to understand the importance of consistency between words and actions!
Post2:To keep it human involves creating an opportune environment where workers can interact and share knowledge. Strategic decision makers, in this case, create a knowledge sharing culture where employees engage in activities that support organizational values and beliefs. Similarly, this tactic entails fostering social interactions in such a way that workers interact and collaborate on work-related projects that contribute to the attainment of organizational goals (Rossidis & Belias, 2020). In some cases, to be human may require showing the learning process, where senior workers act as mentors to subordinates and offer training on how tasks should be performed.
To focus on the useful knowledge and know-how implies identifying product target areas that coincide with organizational vision. Ideally, strategic decision makers focus company resources on manufacturing products that meet organizational values. At the same time, this strategy involves discarding projects that do not contribute to organizational goals. On collecting artifacts, strategic decision makers must embark on a fact-finding mission. This personnel review previous projects or products, including their failures and successes, to facilitate improvement of current projects consistent with organizational objectives.
Also, avoiding isolated focus implores these decision makers to explore alternative methodologies that would yield better results. For example, instead of sticking to traditional ways of business operations, managers may opt to adapt new models of management to improve employee performance or manufacturing capacity of the company. Finally, to keep the knowledge fresh relates to the idea of soliciting new information or technologies necessary to meet company goals (Coutler, 2013). Investment in research and development is one of the common approaches used by strategic decision makers to fulfil this corporate management function. On this note, these actors utilize information or data to develop innovative solutions that enhance business processes (Rossidis & Belias, 2020). Therefore, to manage strategically, these five components reveal how managers can leverage knowledge and information to help an organization meet broad objectives.
Response that needs ancwered:
I love this discussion question….I love reading the individual perspectives and insights from each student!! Good observations! Let’s dig a bit deeper in one area… Keeping it human – you are correct in that creating access to knowledge where “workers can interact and share knowledge”, is important. I would also suggest that this extends to the external organization as well. For instance, having a CFO that can convey the financial information in such a way that the ramifications are clearly understood by the rank and file employees as well as shareholders is not a common skill! What is your experience?