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Mission Statement, Management Philosophy Goals and Objectives

The document discusses setting objectives for a management project. It defines objectives as statements of desired outcomes and explains that objectives focus attention, justify actions, provide planning, give direction, and indicate problems. Objectives should be specific, measurable, achievable, realistic, and time-bound. The document also discusses setting a mission statement to guide the project and provide focus. It provides examples of good and bad objectives and explains how to start setting objectives by being realistic, prioritizing, asking questions, being results-oriented, assigning responsibility, and setting timeframes. Finally, it discusses different types of objectives like strategic, tactical, qualitative, and quantitative objectives.

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Khushi Gautam
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108 views29 pages

Mission Statement, Management Philosophy Goals and Objectives

The document discusses setting objectives for a management project. It defines objectives as statements of desired outcomes and explains that objectives focus attention, justify actions, provide planning, give direction, and indicate problems. Objectives should be specific, measurable, achievable, realistic, and time-bound. The document also discusses setting a mission statement to guide the project and provide focus. It provides examples of good and bad objectives and explains how to start setting objectives by being realistic, prioritizing, asking questions, being results-oriented, assigning responsibility, and setting timeframes. Finally, it discusses different types of objectives like strategic, tactical, qualitative, and quantitative objectives.

Uploaded by

Khushi Gautam
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
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Mission Statement, Management Philosophy Goals and Objectives

What are Objectives & What do they do?


1

Introduction
The team will present a statement of philosophy. It may include a team mission statement or other statement that helps frame the week. The team will present a list of goals and objectives for the week. These are your targets to accomplish. The team will state how these goals and objectives relate to the 3 RKR goals. The remainder of this Management Plan will include the strategies and actions that your team will undertake to accomplish the goals and objectives. Goals and Objectives should be Specific, Measurable, Achievable, Realistic, and Time-Bound.
2

Objectives
To Be Successful You Will Need to Have a Mission Statement and Set Objectives for Your Project. By the End of This Session You Will Be Able to:
Create a Mission Statement Set Objectives

Mission Statement
A Mission Statement describes your unique purpose during your management week. It captures what qualities your team wants to develop, accomplish, and contributions your team wants to make.

Mission Statement - Guide


A mission statement becomes a guide for your management week, inspiring you to make decisions that will best help you you reach your goals and fulfill your vision.
1. The Mission Statement should be narrow enough to give direction and guidance to everyone in the business. 2. Large enough to allow the business to grow and realize its potential. 3. Must be realistic, achievable, and brief. 4. And, it should capture the essence of an organization without being so vague that it could apply to every other organization too.
5

Sound Business Practice


Whether you have just launched a new business, want to smooth out some bumps within your existing organization, or want to take your existing business/organization to the next level, you need to implement sound business practices. Publishing a Mission Statement IS a Sound Business Practice.
6

A Focused Team
Without a Mission Statement an organization will flounder and pull in different directions. Employees must be clear about business intent if you want a team that's focused on the priorities.

This is another great example of where "more is less". The more time that goes by without formally developing and publishing the organizational Mission Statement, the less likely one could focus and position their team to achieve the desired next level of success.
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Positive Results
Some of the positives that can result from establishing a Mission Statement are: Greatly improved business focus Everyone has the same corporate/organizational image - no misunderstandings Enhances the professional perception of your business Fosters a team oriented environment Enhances employee morale Helps attract and retain the best people
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Where to Start?
Write down ideas for your mission statement. Describe how you want to manage/operate [your management week] Dont worry if it is not perfect, this is just your first draft.

Helpful Sites
What should our mission statement say? http://www.nonprofits.org/npofaq/03/21.html Principles of Strategic Management
http://www.csuchico.edu/mgmt/strategy/module1/

How to Draft a Mission Statement


http://management.about.com/library/howto/ht_stmt.htm

Work Place Tool Box


http://www.workplacetoolbox.com/index.jsp

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What are objectives?


Objectives are statements of desired outcomes or expectations

Managing Without Objectives Is Like Taking A Trip Without Knowing The Destination

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Objectives Are Necessary

Objectives Are Necessary If Performance Results Influence Company Survival & Growth
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What Do Objectives Do?


Focus Attention

People, Money, Equipment

Justify Reasons for Orders Provide a Planning Base Give Direction Provide Data Indicate Problems
13

FEATURES OF A GOOD OBJECTIVE


CAN BE DONE
WRITTEN CAN BE UNDERSTOOD FLEXIBLE

SPECIFIC

CURRENT

A GOOD OBJECTIVE
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Example (bad)
The Restaurant Will Receive Few Complaints Next Month. Unclear - How many is few - not measurable Interpreted differently by different supervisors A vague Goal
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Example (Good)
The hotel will achieve 85% room occupancy in the next quarter. Clear Measurable Attainable (?)

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Management by objectives
COMPANY PLANS

IMPROVEMENT PLANS

DEPARTMENTAL & INDIVIDUAL MANAGERS PLANS

REVIEW MEETINGS

CONTROL OF INFORMATION

17

Setting Objectives
What is to be accomplished

How will it be accomplished

The OBJECTIVE

Who is responsible

When is it to be accomplished
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How do you start setting objectives?


Be Realistic Sometimes resources are not available Concentrate on what is important Not all objectives have equal importance Prioritize

19

How do you start setting objectives?


Ask relevant questions You must know exactly what is to be accomplished How, When, Who & Why Be results oriented Be clear with your goals & communication Know what exactly you want to achieve
20

How do you start setting objectives?


Assign responsibility Give specific responsibility for assignment areas Fix time frames Set deadlines for results to be achieved by

21

How do you start setting objectives?


Measure & Monitor Evaluate & compare seek / give feedback revise plan if necessary develop future objectives & plans

22

Are there different types of objectives?


YES - many.???

23

Strategic Objectives
Long range objective planning Deal with cost controls Budgets, Profitability Market decisions Made by top executives usually
24

Tactical objectives
Short range objective planning Deal with routine tasks Often part of supervisors job

25

How do you start setting objectives?


Qualitative objectives - Relating to standards & quality (+/-) - Hard to measure Quantitative objectives - Relating to production achievements - Easier to measure
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Qualitative and quantitative objectives again can split into:


Decision oriented objectives

If a decision is made to remedy a particular problem - that will determine objectives Relate to everyday work operations concerned mainly with routine / repetitive jobs

Routine objectives

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Qualitative and quantitative objectives again can split into:


Creative objectives

Involve new ideas, applied in a creative or flexible way to enhance productivity, profitability or both Specific goals you seek to accomplish in your own work

Personal objectives

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Relate Objectives to Goals


Goals of the Restaurant at Kellogg Ranch: 1. 2. 3. Exceed Guest Expectations Provide Total Support to Your Staff Manage the Business Professionally

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