1 Develop the DM 214 Strategic Planning 1 st Semester 2013 Module 11 Formulating and Adopting Strategies
Jan 21, 2015
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Develop the
DM 214 Strategic Planning 1st Semester 2013
Module 11
Formulating and Adopting Strategies
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Reported by:
Brenda G. Paderes
Ronald O. Acosta
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…Definitions
Vision
- a guiding concept of what the
organization is trying to
achieve, where it wants to be
in the future.
- is seeing a future state with
the mind’s eye.
- is applied imagination.
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…Definitions (cont…)
Vision
- it sees opportunity
inside the challenge.
- it represents desires,
dreams, hopes, goals
& plans for the future.
- it’s like a blueprint of a
house before it is built.
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Developing a Strategic Vision
Involves thinking strategically about
Firm’s future business plans
Where to “go”
Tasks include
Creating a roadmap of the future
Deciding future business
position to stake out
Providing long-term direction
Giving firm a strong identity
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Characteristics of a Strategic Vision
Charts a company’s future strategic course
Defines the business makeup for 5 years (or more)
Specifies future technology-product-customer focus
Indicates capabilities to be developed
Requires managers to exercise foresight
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Entrepreneurial Challenges in Forming a Strategic Vision
How to creatively prepare a company for the future
How to keep the company responsive to
Evolving customer needs
Competitive pressures
New technologies
New market opportunities
Growing or shrinking opportunities
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…Definitions
Mission
- is a statement of purpose to
reach your vision.
a statement of the purpose of
a company or organization
guide the actions of the
organization, spell out its overall
goal, provide a path, and guide
decision-making
organization's purpose, its raison
d'etre or reason for existing
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…Definitions
Mission
- A company's mission is its reason
for being. The mission often is
expressed in the form of a mission
statement, which conveys a sense
of purpose to employees and
projects a company image to
customers. In the strategy
formulation process, the mission
statement sets the mood of where
the company should go.
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Characteristics of a Mission Statement
Defines current business activities
Highlights boundaries of current business
Conveys
Who we are,
What we do, and
Where we are now
Company specific, not generic — so as to give a company its own identity
A company’s mission is not to make a profit !
The real mission is always—“What will we do to make a profit?”
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Defining a Company’s Business
A good business definition
incorporates three factors
Customer needs -- What is
being satisfied
Customer groups -- Who is
being satisfied
Technologies and competencies
employed -- How value is
delivered to customers to satisfy
their needs
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Your VISION — MISSION Statement
Should include the best of both
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Communicating the Vision—Mission
An exciting, inspirational vision
Challenges and motivates workforce
Arouses strong sense of organizational
purpose
Induces employee buy-in
Galvanizes people to live the business
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Strategic Visions vs. Missions
A strategic vision
concerns a firm’s future
business path --
“where we are going”
Markets to be pursued
Future technology-
product-customer
focus
Kind of company that
management is
trying to create
A mission statement
focuses on current
business activities --
“who we are and
what we do”
Current product and
service offerings
Customer needs
being served
Technological and
business capabilities
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Ref: http://www.worksystems.com/services/strategic_planning.html
Translating the vision & mission Into Strategic Direction
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Managerial Value of a Well-Conceived Strategic Vision and Mission
Crystallizes long-term direction
Reduces risk of rudderless
decision-making
Conveys organizational
purpose and identity
Keeps direction-related actions of
lower-level managers on common path
Helps organization prepare for the
future
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of an Electric Cooperative
Examples of Vision/Mission
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Our Vision and Mission Statements
Vision
We envision of becoming the outstanding
electric cooperative (in the Philippines)
with the most reliable and competitive
power rate using the modern technology
in providing excellent service.
Mission
To deliver quality service and affordable
power rate for the satisfaction and
delight of member-consumers.
Pangasinan III Electric Cooperative
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Vision
A competitive and financially viable
electric distribution utility in an
environment of open access and retail
competition.
Mission
Effective, reliable service through unity,
cooperation and commitment.
Central Pangasinan Electric Cooperative
Examples: Vision and Mission Statements
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Vision “BENECO shall be a model electric
cooperative, delivering quality service in
order to sustain a progressive and
ecologically sound
community.”
Mission “We commit to extend our lines and services
to all areas of Baguio City and Benguet
Province. We continuously engage in the
development of our resources in consonance
with and in adherence to standards.”
Benguet Electric Cooperative, Inc.
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Vision To become a globally competitive
electric distribution utility providing the
best quality service to its progressive
communities and satisfied consumers.
Mission
To electrify all households within its
coverage area and continually adopt
innovative ideas that will ensure a
reliable, affordable and efficient
electric service to all its consumers.
Nueva Ecija 2 Electric Cooperative, Inc.
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Vision To be recognized as a leading, caring and committed
electric cooperative.
Mission To be a provider of quality and dependable supply of
electricity at a reasonable cost;
To be a leading partner of our government in improving the
quality of life of our member-consumers, in promoting
progress; and in sustaining development; and
To be the steward of welfare of our member-consumers by
providing them mindful, accurate and prompt service.
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Vision
“A responsible leader in utility
service“
Mission
"Committed to provide our
customers with reliable, efficient
and responsive electric service at
reasonable cost“.
La Union Electric Company
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Vision
A dynamic light distributor and
service delight for life.
Mission
To uplift the status and quality
of life by providing Efficient,
reliable, safe and affordable
power for member-consumer ‘s
satisfaction.
Zambales II Electric Cooperative, Inc.
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Vision
An electric cooperative with highly-
professionalized services for
customer delight.
Mission
To deliver quality electric service
for the cooperative's area coverage
up to the last sitio as well as the
delight of its customer and
manpower.
Bohol Electric Cooperative, Inc.
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.
Ilocos Norte Electric Cooperative
VISION “To be the preferred distribution
utility in an open-access
environment. “
MISSION “ We are committed to our member-
consumers to provide safe, reliable
and efficient electric service at a
reasonable cost through dedicated
officers and employees. "
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Pangasinan III Electric Cooperative
We envision of becoming the
outstanding electric cooperative
(in the Philippines) with the most
reliable and competitive power
rate using the modern
technology in providing
excellent service.
To deliver quality service
and affordable power rate
for the satisfaction and
delight of member-
consumers.
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Vision and why it matters?
guiding concept of what
the organization is trying to
achieve
seeing a future state
opportunity inside a challenge
desires, dreams, hopes, goals
for the future
long term direction
strong identity
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Organizational Core Values of PANELCO III
Honesty
Unity
Thrift
Commitment
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Value Formation Core Team
VFCT was created by PANELCO III purposely to:
1. assist management in the resolution of critical
issues and concerns of its operation;
2. serve as role models in the practice of
cooperative values;
3. monitor effectiveness of the prescribed core
values and innovate strategies/approaches;
and
4. conduct bench marking activities relative to
core values enhances enhancement from other
successful organization
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