In the same way that an organization performs with greater intention and cohesiveness when its employees and stakeholders are all working with a communal sense of purpose toward a shared goal, you will be able to better and more successfully shape your future when you have a clear idea of who you are, the value you offer, and what you ultimately want to achieve. Your personal vision provides the framework for your goals by reflecting your aspirations for the individual you hope to become. And more concretely, your personal mission defines the areas in the industry where you intend to compete and the customers you intend to serve.

Together, your vision and mission statements offer a foundational identity, defining who you intend to serve and in what capacity (your mission), and how those elements will help you shape your intended future (your vision).

Based on what you have read in the study materials, develop your own personal vision and mission statements from the perspective of yourself as a business professional, supported by a goal plan that will enable you to achieve your vision in the next 5 to 10 years.

Include the following in your response:

1. Define your personal vision and mission statements.
2. List a minimum of five SMART goals you will need to achieve to reach your vision and describe how these relate to your overall personal strategy.
3. Identify significant personal standards or principles you hold and discuss how they guide, limit, or circumscribe your stated vision, mission, and goal plan.
4. What do you need to do (or keep doing) to ensure that you reach your vision and achieve your mission? How will you monitor and modify your plan to measure success in achieving your outlined goals?
5. How do the vision, mission, and values you have outlined competitive advantage for yourself in the job market? How would the leader of a business organization use these same elements to create competitive advantage in the industry?
6. How is the process of setting, measuring, and modifying your personal vision, mission, and goal plan different from that required by the leader of a small company? How does this process differ from that required by the leader of a large corporation?

Answer:

This assignment is based on discussion that is open and focusing on vision, mission and the goals or objectives of any form of business operation one would want to have and be in the next future of about 5-10 years as stated in the above section. Therefore, it is important and worth knowing what a vision and a mission entails and how each assist each other in realization of the goals and the objectives set.

In defining the personal vision and mission, mentioned them out by creating them. For instance, in business hotel industry, this could be the vision; to be an international hotel providing services with quality standards in our products. Therefore, the mission could read: Creating cohesions and working together through partnerships and linkages for a better hotel industry service provider.

Therefore the goals would revolve around; To expand the market into the global arena, to enhance healthy safety measures in the hotel sector, to enhance a sustainable financial and cash flow, to provided the best ever nutrition based foods, empowering the farmers through purchase of their produce, hence some of the goals and objectives to look at.

When it comes to personal standards, various standards and principles could be looked at in this case. For instance, efficiency, time sensitive, full participation, quality and standard, these could be the principles. For instance quality ensures quality food is served, ensures safe healthy and clean working environment at the same time ensure quality services in general.

Resource mobilization is the key thing to continuation of the work and realization of the vision. At the same time regular audits, reviews, evaluations are also key tool process to enhance quality working, hence also to be considered. Hence the evaluation, review and audit assessment are key in the monitoring and modification of the plan.

The vision, mission and the plan become the competitive advantage in that it is very significant when working with a plan that has already outlined the company strategies, hence implementation becomes easy as portrayed in this case. Another way is that these tools work as a guideline hence helps in what to do, by who when and how, hence achieving the goals. Therefore, a leader in this case would use the same through implementation which is the only remaining step of achieving the stated goals.

Setting, monitoring and modification process could be different for a small and big company in terms of the scope of work, the size of the operation and also the areas being looked at. Therefore, bigger companies may need this process due to large scale of operation but the small ones sometimes may not even be in position to conduct the process due to small scale operations. In the same up scaling, for the corporation leader it will be more diverse, complicated and intensive as compared to the big and small company leaders.

Step-by-step explanation

A vision statement is simply a statement of purpose stating where a firm, an individual, company or organization wants to be in the approximated future while the mission statement is a purpose statement also stating the measures and capacities to be put in place in order to reach the approximated future, hence the two are said to be depended, in that each must need the other to accomplish the task. In this regard therefore, the mission acts like a tool of transmission to reach the vision, hence worth noting.