Two requirements are necessary for building a high performance organisation—a clear vision-guided culture, and a strong business strategy that aligns with the vision. One without the other leads to mediocre performance.
A strategy is a broad plan of action to achieve a particular goal. The goal of your strategy is to support you in achieving your mission; and the goal of your mission is to support you in achieving your vision. You stay on track with your strategy by formulating tactics. You stay on track with your tactics by establishing goals. These five elements of managing an organisation are summarised in the following table.
|Mission||How you propose to get to your destination|
|Strategy||Your plan of action for the journey|
|Tactics||Allocation of your resources to tasks|
|Goals||Outcomes from management of your tasks|
It is important to manage your strategy and review tactics regularly along with your key performance indicators to make sure the organisation stays responsive and adaptable to changes in its external environment and internal environment.