QUESTION In the last unit, we learned about vision, mission, and values. In this unit, the text states: "...a strategy captures and communicates how vision and mission will be achieved and which goals and objectives show that the organization is on the right path to achieving them" (Carpenter et. al., 2010). What negative consequences can emerge when vision, mission, or values contradict strategy? Name a time when you believe strategy was not aligned with vision, mission, or values. How can leaders ensure that strategy matches the vision, mission, and values? SOLUTION When the vision, mission, or values of an organization contradict its strategy, it can lead to confusion and uncertainty among employees, as well as a lack of trust and credibility among stakeholders. This can lead to a lack of focus and direction, as well as a lack of commitment to the organization's goals and objectives. (Carpenter et. al., 2010). One example of a time when the strategy was not aligned with vision, mission, or values was the 2008 financial crisis. Many banks and financial institutions pursued profit-driven strategies that prioritized short-term gains over long-term stability and sustainability. This led to a lack of alignment between their strategies and the values of integrity and responsibility, which ultimately contributed to the collapse of the global financial system. To ensure that strategy matches the vision, mission, and values of the organization, leaders need to be actively involved in the strategy development process. They should ensure that the organization's vision, mission, and values are clearly defined and understood by everyone in the organization. They should also involve employees in the strategy development process, and make sure that everyone is committed to and invested in the organization's goals and objectives. Additionally, leaders should regularly review and assess the alignment between strategy and vision, mission, and values, and adjust as needed. (Carpenter et. al., 2010). Reference 365 Careers. (2017, July 4). Business strategy - SWOT analysis [Video]. YouTube. Carpenter, M., Bauer, T., & Erdogan, B. (2010). Management Principles 1.1. This book is licensed under a Creative Commons by-NC-sa 3.0 license. https://2012books.lardbucket.org/pdfs/management-principles-v1.1.pdf
Uploaded by Katamaninancy on coursehero.com