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All main topics / BWL / Personalwirtschaft / Management II
What can you say about The Nature of an Effective Vision?
A vision can be a mundane and simple, because it is only one element in a large system that includes strategies, plans and budgets

• Characteristics of an effective vision
 Imaginable: Conveys a picture of what the future will look like
 Desirable: Appeals to the long-term interest of stakeholders
 Feasible: Comprises realistic, attainable goals
 Focused: Is clear enough to provide guidance in decision making
 Flexible: Is general enough to allow individual initiative and alternative responses
 Communicable: Is easy to communicate; can be explained within five minutes
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Flashcard info:
Author: Egregius
Main topic: BWL
Topic: Personalwirtschaft
School / Univ.: Universität Mannheim
Published: 11.03.2010




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