How important is a vision statement to your company or division? Well, have you ever thought about embarking on a journey without knowing where you are going? The same can be said about running a company, without a vision statement you are going places but who knows if it is in the right direction or even if you want to go there.
A vision statement should paint a picture of what you want your business or division to look like in the future. A vision statement should be specific to a company, team or division and therefore there could be numerous vision statements in one company. It should tell you what you are trying to build. It should be expansive, full of passion and allow you to dream of possibilities. This is not something that you are necessarily going to share with your customers this is about what you want for your future.
Your vision statement should excite you and help you dream. If your vision statement doesn't excite you how can you expect to be successful, how can go to work each day and be motivated?
To create your vision statement you need to think outside the box, think of wild possibilities. This is not the time to be limited by practicalities and what you believe be to truths. Aim for the stars. When writing your vision statement keep the ideas flowing. Use adjectives that excite and motivate you. Don't let anything stand in your way.
Once you have the first draft down live with it for a couple of days, ask others for their input. Remember nothing is set in stone. The vision statement you create today may work for the next 6 months or 3 years but ultimately the environment changes or you begin to see new possibilities and then your vision statement needs to change as well.
Below are 3 examples of vision statements that work. Many have numbers and dates in them but this is not a requirement. The numbers do, however, focus your ideas and clarify what you want to achieve. They also are measurable and you will be able to see when you achieve that vision.
Industrial Company: Within the next five years build ZXM into the premier west coast industrial process automation company specializing in integration solutions. ZXM revenues will grow to $20 million by 2009 by expanding its role from a manufacturing rep. company to a complete engineering, field service and process solutions company.
Management Team: Evolve the existing management team into a vital growing force that:
Marketing Plan: Within the next year, build a highly efficient marketing program to catapult our web graphics seminar business to $500,000 annual revenues.
Create your own vision statement To create a vision statement it could help to fill in the blanks of the sentence below:
Within the next ___ years grow ______________________ (company/department name) into a ______________________ (type of company) providing ______________________ (description of products/services) to ______________________ (description of target customer/clients) with annual sales of $ ________.
A vision statement is the first step towards achieving the results you truly desire.
GRAEME NICHOL, President, Arcturus Advisors.
http://www.arcturusadvisors.com/
Graeme Nichol has worked on 4 continents and in 117 unique businesses gaining experience in manufacturing, transportation, agriculture, communications, banking, direct marketing, consumer goods and retail amongst others. He has significant management experience and consulting experience, including Business strategy, project management, change management, big six consulting, team productivity, business productivity and quality improvement, ERP implementations.
Arcturus Advisors works with businesses and teams that are struggling to formulate a strategic plan that delivers bottom line results. Using tried and tested planning systems that have achieved results internationally for 20 years we ensure that you transform your business through focus, alignment and accountability.
|
|
|
|
|
|
|
|
|
|
|


We all agree Strategic Planning is a critical part of... Read More
A focus group is a group of employees or current... Read More
Some analysts credit [Larry] Ellison with anticipating the consolidation in... Read More
Microsoft Great Plains does wonderful ERP job for horizontal markets... Read More
Storytelling and writing a business plan actually go hand in... Read More
"I don't need a business plan."Neither did Alice in Wonderland."Would... Read More
Business plan financial projections seem daunting because they are so... Read More
I've either been involved with or held a process-related role... Read More
Growing your own small business can be one of the... Read More
In 1989, Sony founded its Institute of Wisdom at the... Read More
The day you decide to take the plunge and work... Read More
There is a story, about a business owner who wasn't... Read More
There's nothing automatic about corporate growth, particularly in the information... Read More
Writing a business plan is no easy task, sure you... Read More
Note to Rite Aid and CVS: It's not about the... Read More
There is so much small business information available today that... Read More
The decision to sell, or not to sell your business... Read More
Six Sigma is becoming a proven approach for businesses and... Read More
One of the quintessential parts to any business is your... Read More
When in doubt, cut that out! Yeah, yea, doubting Thomas... Read More
"Most great plans aren't. They are just nice, high-level ideas."That's... Read More
Cassy was an employee of a nonprofit who had been... Read More
Whether you are seeking capital for your company or are... Read More
If you're a solo professional like I am, you know... Read More
How often does your company make a quantum leap forward?... Read More
The trick is to determine what uniquely identifies your best... Read More
Anyone who has been watching the Idaho Market Carefully for... Read More
Many movies have been made about the tragic story of... Read More
Microsoft Great Plains fits multiple services market niche and healthcare... Read More
If you are a manufacturer wanting to use your business... Read More
Twice a year, Bill Gates goes to a remote island... Read More
Have you been in a "brainstorming" session where each person... Read More
"Did you hear what your competitor is doing?" This question... Read More


The first task before hiring a contractor for home remodeling... Read More
Let us look at a few of the big distribution... Read More
Does the competition drive you crazy?Are they relentless about taking... Read More
One of the quintessential parts to any business is your... Read More
With the help of balanced scorecard strategy map, it is... Read More
"Most great plans aren't. They are just nice, high-level ideas."That's... Read More
Diversify - to make diverse, give variety, to balance, to... Read More
( * - the word 'product' can be substituted to... Read More
Do you work in or own a business that's affected... Read More
There is a story, about a business owner who wasn't... Read More
All investors greatly desire and are motivated by a clear... Read More
Many companies are reluctant to dive into outsourcing ocean because... Read More
If ever there were an industry where we want zero... Read More
I am not a big fisherman, but I do enjoy... Read More
There are no "rules of thumb" in the pursuit of... Read More
One of the difficulties we face in our industrialized age... Read More
Regroup?is this a new management trend? Not a chance! Regroup... Read More
Microsoft Great Plains fits horizontal markets clientele and in case... Read More
When in doubt, cut that out! Yeah, yea, doubting Thomas... Read More
Are you frustrated by the lack of growth in your... Read More
Business planning is widely acknowledged as one of the keys... Read More
We all agree Strategic Planning is a critical part of... Read More
No matter what business you plan to start in your... Read More
Business plan financial projections seem daunting because they are so... Read More
A business plan precisely defines your business, identifies your goals,... Read More
Remember Chux? The disposable diaper that took the market by... Read More
1. Largest Selection -One way that you can make your... Read More
Most companies that are worthy of raising venture capital have... Read More
You have invested a lot of time and energy on... Read More
Here is an abstract thought on studying nature and the... Read More
Writing a business plan is an essential part of the... Read More
I am surprised how few sales professionals, independent consultants, and... Read More
More than $117 billion passed hands from Internet shoppers to... Read More
Strategic Planning |