PRACTICAL 1 - Vision, Mision, Objective & KPI · PDF fileManufacturing & Engineering Division...
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Manufacturing & Engineering Division 1 VISION EMPLOYEES OBJECTIVES What I need to do STRATEGIC INITIATIVES What we need to do OBJECTIVES / KPI SCORECARD Implementation and Focus STRATEGIES Our Game Plan VALUES What we believe in MISSION Why we exist VISION What we want to be STRATEGIC OUTCOMES Satisfied SHAREHOLDERS Delighted CUSTOMERS Effective PROCESSES Motivated WORKFORCE Vision A concise statement that defines the mid to long-term goals (3-10 years) of the organization. The vision should be external & market oriented and should be expressed in a visionary way – how the organization wants to be perceived by the world. e.g. DRB-HICOM Vision: “To Be No.1 And Continuously Excel In All That We Do.”
Transcript of PRACTICAL 1 - Vision, Mision, Objective & KPI · PDF fileManufacturing & Engineering Division...
Manufacturing & Engineering Division
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VISION
EMPLOYEES OBJECTIVESWhat I need to do
STRATEGIC INITIATIVESWhat we need to do
OBJECTIVES / KPI SCORECARDImplementation and Focus
STRATEGIESOur Game Plan
VALUESWhat we believe in
MISSIONWhy we exist
VISIONWhat we want
to be
STRATEGIC OUTCOMES
SatisfiedSHAREHOLDERS
DelightedCUSTOMERS
EffectivePROCESSES
MotivatedWORKFORCE
VisionA concise statement that defines themid to long-term goals (3-10 years) ofthe organization. The vision should beexternal & market oriented and shouldbe expressed in a visionary way – howthe organization wants to be perceivedby the world.
e.g. DRB-HICOM Vision: “To Be No.1 AndContinuously Excel In All That We Do.”
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MissionA broad declaration of the basic,unique purpose and scope ofoperation of the organization. It is astatement of purpose thatdistinguishes the organization fromother similar organizations. Anorganization mission reflectsmanagement’s vision of what theorganization seeks to do andbecome. It also provides a clear viewof what the organization is trying toaccomplish for its customers.
e.g DRB-HICOM Mission : “To lead inthe growth of the nation in the areas ofDRB-HICOM core business.”
EMPLOYEES OBJECTIVESWhat I need to do
STRATEGIC INITIATIVESWhat we need to do
OBJECTIVES / KPI SCORECARDImplementation and Focus
STRATEGIESOur Game Plan
VALUESWhat we believe in
MISSIONWhy we exist
VISIONWhat we want
to be
STRATEGIC OUTCOMES
SatisfiedSHAREHOLDERS
DelightedCUSTOMERS
EffectivePROCESSES
MotivatedWORKFORCE
MISSION
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StrategiesStrategies consists of competitive moves andbusiness approaches to produce successfulperformance. It is the Management “gameplan” to run the business, strengthen theorganization competitive position, satisfycustomer and achieve performance target.
EMPLOYEES OBJECTIVESWhat I need to do
STRATEGIC INITIATIVESWhat we need to do
OBJECTIVES / KPI SCORECARDImplementation and Focus
STRATEGIESOur Game Plan
VALUESWhat we believe in
MISSIONWhy we exist
VISIONWhat we want
to be
STRATEGIC OUTCOMES
SatisfiedSHAREHOLDERS
DelightedCUSTOMERS
EffectivePROCESSES
MotivatedWORKFORCE
ValuesGuiding principles that govern the behavior of allemployees in the organization. These values are beingshared and respected by all employees.e.g DRB-HICOM Values:
� Excellence� Teamwork� Integrity� Innovation
VALUES & STRATEGIES
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Vision
Mission
Values
ExternalSituation Analysis
Internal SituationAnalysis
SWOT ANALYSIS
STRATEGIES
Manufacturing Industry Environment
Strategies (Continue)
One of the popular tools used indeveloping a business strategy is theSWOT Analysis.�Strengths and Weaknesses : internal,within the company� Threats and Opportunities : external tothe company.The SWOT Analysis must take intoaccount the manufacturing industryenvironment which include the following6 areas:� Customers� Economic� Competitors� Channels� Technology� Financial
STRATEGIES
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EMPLOYEES OBJECTIVESWhat I need to do
STRATEGIC INITIATIVESWhat we need to do
OBJECTIVES / KPI SCORECARDImplementation and Focus
STRATEGIESOur Game Plan
VALUESWhat we believe in
MISSIONWhy we exist
VISIONWhat we want
to be
STRATEGIC OUTCOMES
SatisfiedSHAREHOLDERS
DelightedCUSTOMERS
EffectivePROCESSES
MotivatedWORKFORCE
ObjectivesObjectives are the performancetarget set to achieve the mission ofthe organization. The objectiveswill be able to help theorganization to focus on the criticalareas for the success of thecompany.All Objectives set must meet thefollowing criteria:
� Specific� Measurable� Achievable� Realistic� Time bound
L1OBJECTIVES
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4 Components Of KPIs
FinancialFinancial
Critical PrioritiesCritical Priorities
Future GrowthsFuture Growths
Key EnablersKey Enablers
Financial Related: Revenues, Profit, Cash Flow and EBITDA etc.
KPIs Which Are Critical And To Be Given Priorities – Short term
New Business Development For Future Growth – Long Term
Key Initiatives To Be Taken To Enable The Achievement Of Company’s Objectives
Key Performance Indicators (KPI) are financial and non-financial metrics used toquantify objectives that were set by the organization. It will measure the performanceand achievement of the organization.The KPIs of the organization are cascaded down from top management to allemployees. The management shall monitor these KPIs monthly and take correctiveactions if the KPIs are not met. These KPIs will be linked to employee performancemanagement system
KEY PERFORMANCE INDICATOR
LEADER IN AUTOMOTIVE EDUCATIONLEADER IN AUTOMOTIVE EDUCATION
VISIONVISION
TO PROVIDE THE BEST EDUCATIONAL
EXPERIENCE FOR THOSE WHO WANT TO EXCEL
IN AUTOMOTIVE INDUSTRY
TO PROVIDE THE BEST EDUCATIONAL
EXPERIENCE FOR THOSE WHO WANT TO EXCEL
IN AUTOMOTIVE INDUSTRY
MISSIONMISSION
BEST EDUCATIONAL EXPERIENCE IN AUTOMOTIVE IN TERMS OFBEST EDUCATIONAL EXPERIENCE IN AUTOMOTIVE IN TERMS OF
KNOWLEDGE
INCLUDING
INNOVATION
KNOWLEDGE
INCLUDING
INNOVATION
SKILLSKILL PRACTICEPRACTICE UNDERSTANDING UNDERSTANDING FAMILIARITYFAMILIARITY KNOW-HOW KNOW-HOW
A Member Of
VISION AND MISSION
VISION & MISSION
• To become a highly
competitive metal parts
and dies manufacturer in
the region.Vision
• To provide our customers
with superior quality
product at a competitive
price.Mission
