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: “…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? Please answer in 150 to 300 words. Use your own words - please do not copy and paste from a website. Be sure to reference your sources. Remember to post as early as possible, preferably by Sunday evening, in order to allow time for you and your classmates to discuss. Reference Carpenter, M., Bauer, T., & Erdogan, B. (2010). Management principles, v. 1.1. https://2012books.lardbucket.org/books/management-principles-v1.1/index.html

Question

: “…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?

Please answer in 150 to 300 words. Use your own words - please do not copy and paste from a website. Be sure to reference your sources. Remember to post as early as possible, preferably by Sunday evening, in order to allow time for you and your classmates to discuss. Reference Carpenter, M., Bauer, T., & Erdogan, B. (2010). Management principles, v. 1.1. https://2012books.lardbucket.org/books/management-principles-v1.1/index.html

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When vision, mission, or values contradict strategy, it can lead to several negative consequences. Firstly, it can create confusion among employees about the organization's direction and purpose. This can lead to decreased motivation and productivity, as employees may not understand or agree with the actions they are being asked to take. Secondly, it can damage the organization's reputation. If stakeholders perceive that the organization is not acting in line with its stated values, they may lose trust in the organization, which can harm relationships and potentially impact the bottom line.

An example of a misalignment between strategy and vision, mission, or values can be seen in the case of Wells Fargo. In 2016, it was revealed that the bank had created millions of fraudulent savings and checking accounts on behalf of its clients without their consent. This strategy of aggressive sales targets was clearly not aligned with the bank's stated values of "trust" and "customer service".

Leaders can ensure that strategy matches the vision, mission, and values by regularly reviewing and updating these elements to reflect changes in the business environment and the organization itself. They should also communicate these elements clearly and consistently to all employees, and ensure that they are embedded in all aspects of the organization's operations. This can be achieved through training, performance management systems, and by leading by example.

Reference: Carpenter, M., Bauer, T., & Erdogan, B. (2010). Management principles, v. 1.1. https://2012books.lardbucket.org/books/management-principles-v1.1/index.html Egan, M. (2016). 5,300 Wells Fargo employees fired over 2 million phony accounts. CNN Business. https://money.cnn.com/2016/09/08/investing/wells-fargo-created-phony-accounts-bank-fees/index.html

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When vision, mission, or values contradict strategy, several negative consequences can emerge. Firstly, it can lead to confusion among employees about the direction of the organization. This can result in decreased motivation and productivity as employees may not understand or agree with the actions they are being asked to take. Secondly, it can lead to a lack of trust in leadership. If employees see that actions are not aligning with stated values, they may question the integrity of their leaders. Lastly, it can result in poor decision-making as the strategy may not be based on the core principles of the organization. An example of this misalignment can be seen in the case of a company that claims to value sustainability but pursues a strategy of rapid growth without regard for environmental impact. This contradiction can lead to negative public perception and potential loss of business. Leaders can ensure that strategy matches the vision, mission, and values by involving all levels of the organization in strategy development. This can help to ensure that the strategy is grounded in the organization's core principles. Additionally, leaders should regularly communicate the strategy and how it aligns with the vision, mission, and values. This can help to ensure understanding and buy-in from employees. Finally, leaders should regularly review and adjust the strategy as needed to ensure it remains aligned with the organization's vision, mission, and values. PLEASE ANSWER IN MORE THAN 300 WORDS

Re: Discussion Assignment by Ranjith Kumar A - Monday, 13 May 2024, 11:53 AM Dear Peers, When a company's strategy doesn't match its vision, mission, or values, it can create a lot of problems. First, it confuses employees. They won't know where the company is headed or what it stands for, which affects their work. Second, it damages trust with customers, stakeholders and investors. If the company says one thing but does another, people won't trust it anymore. Lastly, it creates conflict within the company. Employees might not agree with the decisions made by the leaders. In my previous job, the company wanted to be environmentally friendly. They aimed to reduce waste and promote green products. But their strategy was all about cutting costs. They outsourced production to third party service providers who didn't follow the environmental regulations. This went against their vision and mission and upset many employees and customers who cared about the environment. To avoid these problems, leaders should regularly check if their plans match the company's vision, mission, and values. They should involve employees in decision-making, communicate openly about plans, and think about how their decisions affect the company's goals and principles. For instance, in my current role in supply chain management, I ensure that our inventory control and distribution strategies prioritize quality while being cost-effective, in line with our company's values. Reference: Carpenter, M., Bauer, T., & Erdogan, B. (2010). Management principles, v. 1.1. Retrieved from https://2012books.lardbucket.org/books/management-principles-v1.1/index.html

Dear Peers, When a company's strategy doesn't match its vision, mission, or values, it can create a lot of problems. First, it confuses employees. They won't know where the company is headed or what it stands for, which affects their work. Second, it damages trust with customers, stakeholders, and investors. If the company says one thing but does another, people won't trust it anymore. Lastly, it creates conflict within the company. Employees might not agree with the decisions made by the leaders. In my previous job, the company wanted to be environmentally friendly. They aimed to reduce waste and promote green products. But their strategy was all about cutting costs. They outsourced production to third-party service providers who didn't follow the environmental regulations. This went against their vision and mission and upset many employees and customers who cared about the environment. To avoid these problems, leaders should regularly check if their plans match the company's vision, mission, and values. They should involve employees in decision-making, communicate openly about plans, and think about how their decisions affect the company's goals and principles. For instance, in my current role in supply chain management, I ensure that our inventory control and distribution strategies prioritize quality while being cost-effective, in line with our company's values. Reference: Carpenter, M., Bauer, T., & Erdogan, B. (2010). Management principles, v. 1.1. Retrieved from https://2012books.lardbucket.org/books/management-principles-v1.1/index.html

You learnt that the strategic intent of an organisation is composed of three components:Vision statementMission statementCore valuesMap these three components to the three components of a good strategy.Strategic Intent Strategy1. Vision a. Why2. Mission b. What3. Core competencies c. How 1-a, 2-b, 3-c1-b, 2-a, 3-c1-c, 2-a, 3-b1-b, 2-c, 3-a

This assignment intends to assess the following learning outcomes: o Discuss and describe the alignment of vision, mission, and values with strategy. o Demonstrate a strategy diamond. You’ll be working on your personal growth and development strategy based on the mission and vision. Example Mission Statement: “To inspire and empower individuals to reach their full potential through education, mentorship, and compassion. I strive to make a positive impact on the world by fostering growth and resilience in others.” Example Vision Statement “To create a world where every individual has the opportunity to thrive and succeed, breaking barriers and unlocking their true potential. I envision a society built on empathy, equality, and continuous learning, where each person contributes meaningfully to a brighter future for all.” Based on the Mission and Vision statement above work on your personal growth development strategy. Review Figure 5.21 in section 5.7, Formulating Organizational and Personal Strategy with the Strategy Diamond in the text, Management Principles. Create a graphic or an outline capturing the topics in Figure 5.21 and populate the first field of the graphic/outline with your personal mission and vision from unit 4. In the diamond section list 2-3 strategies for achieving your personal mission and vision. In the last section, create a list of 3-4 personal goals and objectives related to your personal mission and vision. Write an essay presenting this graphic/outline and discuss how you might apply the strategy diamond to your personal growth and development objectives. Highlight and discuss the arenas and differentiators, personal vehicles, personal staging & pacing, and the personal economic logic that you identify in this process Reference Carpenter, M., Bauer, T., & Erdogan, B. (2010). Management principles, v. 1.1. https://2012books.lardbucket.org/books/management-principles-v1.1/index.htm

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