BU111 Lecture Notes - Lecture 1: Flat Organization, Cash Flow, Ikea
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BU111 Full Course Notes
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How as a leader do you choose the right strategy are the mission and vision statement: mission and vision are what are you aspiring to be. Mission statement helps you get there to the vision and explains how. Effective mission statements will answer there questions lists broad goals and acceptable approaches keeps us on track. What is the benefit: vision is what you are aspiring to be and mission is how you will achieve that. Purpose for being and or your values. When someone reads this they should know why you exist. Aligned with your organizational values it keeps us on balance and it will ensure that we will get our arrow to meet those success factors. Do so by pest and porters five forces: 1. Make money have cash flow to be able to pay your bills: 2. You must make your customer happy and keep up with their demand say.
