ACF5100 - Key Vocabulary List 1 PDF
ACF5100 - Key Vocabulary List 1 PDF
ACF5100 - Key Vocabulary List 1 PDF
FOR SUCCESS
cluster a community of stakeholders that can help you attain your purpose (shared
purpose).
a group who has a shared purpose/mission, vision and values.
goals a future target or end result that an organisation wishes to achieve, which is
of a general nature and long-lived.
… align with the purpose and are established to achieve the vision.
key stakeholders a core group of people that can help you attain your purpose.
objectives a specific target with a short to medium time horizon, which is viewed as
essential in attaining the goal or goals.
… specify how much of what will be accomplished by when.
… should be specific, measurable, achievable, relevant, and time-bound
(SMART).
shared value … creates economic value in a way that also creates value for society by
addressing its needs and challenges.
Quote: ‘… is not social responsibility, philanthropy or even sustainability. It is
not on the margin of what companies do but at the centre.’ (Porter & Kramer)
agreement on what you do and how it benefits others.
shared values explicit or implicit fundamental beliefs, concepts, and principles that underlie
the culture of an organisation, and which guide decisions and behaviour of its
employees, management, and members.
agreement on who you/your organisation/your cluster is/are and what
you/your organisation/your cluster stand/s for.
strategy the process of identifying the mission and specifying goals that provide the
directions indicated by the mission, together with the setting of objectives and
plans to achieve them.
the forging of a company’s mission, vision and values; setting objectives
for the organisation in light of external and internal forces; formulating
specific policies and strategies to achieve objectives; and assuring their
proper implementation so that the basic purposes and objectives of the
organisation will be achieved.
a way of describing how you are going to get things done.
values the principles of beliefs that represent what an organisation stands for and
how it will operate.
the way in which goals are linked to an organisation’s mission and vision.
… support the vision, shape the culture, and reflect the essence of the
company’s identity.
vision in contrast to the ‘doing’ flavour of the mission statement, this refers to
what the organisation might look like in a desirable future state. It inspires
people to dream.
an over-riding idea of what the organisation should be.
where the individual/company sees themselves in the future.
Spaces have been left for you to add your own vocabulary items related to the topic.