ScholarMatic: Explanation & Answer
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Ch.6 Assignment #1:
a. Choose two for-profit and two not-for profit hospitals, and
identify their mission, visions, and values.
b. Compare their mission, vision, and value statements. Are
there any significant or subtle differences? If you feel they are
the same, why?
c. Does each statement contain the minimum content discussed in
this chapter?
d. Do you think these statements really guide the organizations’
strategic actions? Why or why not?
Show transcribed image text CHAPTER STAKEHOLDERS, VALUES MISSION, AND VISION Learning objectives After reading this chapter, you will understand who organizational stakeholders are and their importance in creating the company's strategic intent; comprehend that strategic intent consists of three components: mission, vision, and values; know the importance of values to a company and how they can be identified; and recognize the differences between mission and vision statements and be able to describe how they are created. Key Terms Stakeholders Strategic intent Values Mission Vision Stakeholders and organizational Purpose Organizations are created to efficiently and effectively accomplish some of group(s) of stakeholders. Outputs might be the production cars or prescription drugs or provision of community benefits or health the care services, Stakeholders are individuals and groups that it some to name a few. benefit from investmen in organization and/or obtain some an mately, organizations exist for the benefit of their stakeholders. 119
CHAPTER STAKEHOLDERS, VALUES MISSION, AND VISION Learning objectives After reading this chapter, you will understand who organizational stakeholders are and their importance in creating the company's strategic intent; comprehend that strategic intent consists of three components: mission, vision, and values; know the importance of values to a company and how they can be identified; and recognize the differences between mission and vision statements and be able to describe how they are created. Key Terms Stakeholders Strategic intent Values Mission Vision Stakeholders and organizational Purpose Organizations are created to efficiently and effectively accomplish some of group(s) of stakeholders. Outputs might be the production cars or prescription drugs or provision of community benefits or health the care services, Stakeholders are individuals and groups that it some to name a few. benefit from investmen in organization and/or obtain some an mately, organizations exist for the benefit of their stakeholders. 119
ScholarMatic: Explanation & Answer
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