Performance Management and Strategy

Question: Discuss about the Performance Management and Strategy. Answer: Introduction: Strategic planning for an organization is a strategy for taking the perfect decision as well as allocating the required resources for achieving the goals of the organization. The mission and vision of the company has to be clearly defined before the strategic planning is one. However, a flawed mission statement might prove to be dangerous for the organization. This assignment highlights the dangers of flawed mission statement. The effects of flawed mission statement on the mission of individual as well as on the units mission have also been mentioned in this assignment. Dangers of having flawed mission statement Mission statements are important for the strategic planning of an organization. However, a flawed mission statement could de-motivate the employees as well as deteriorate the organizational performance (Campbell Tawadey, 2016). A flawed mission statement misguides the employees and deviates them from the goals that they are suppose to achieve. Effects of flawed mission on units and individuals mission Flawed mission statements deprive the individual employees to achieve their goals and enhance their career. Moreover, the career goals and quest for achieving excellence is lost by flawed mission statements (Van Tulder, 2015). The units goals are remains unachieved by the employees due to the flawed mission statement. A mission statement is supposed to be well-defined such that there is no scope of misinterpretation. As a short term effect of flawed mission statement, the immediate goals and targets of the organization remains unachieved. However, as a long term effect, a flawed mission statement might result in loss of good will of the company. References Campbell, A., Tawadey, K. (2016).Mission and business philosophy. Elsevier. Van Tulder, R. (2015). Getting all motives right: a holistic approach to internationalization motives of companies.The Multinational Business Review,23(1), 36-56.