Question

Which parts of this passage illustrate a company’s vision? Michael, who started his computer business 20 years ago, has now attracted global investors. He is famous for his philanthropic activities apart from being a business magnate. He has started a global foundation for underprivileged children. He states that the foundation incorporates the value of equality that will enable them to respect people and understanding the significance of diversity . The foundation will also include the value of participation, quality, and openness through encouraging volunteers. Commitment will be a core value that includes a culture of teamwork and continuous improvement. In a period of 10 years, he states that the foundation envisions a broad and impartial society that respects and encourages children and actively enables people’s participation. The purpose of the foundation is to maximize the effect of public participation and welcome the recognition for volunteering.

Answer 1

Answer:

The below statement marks the company's vision.

In a period of 10 years, he states that the foundation envisions a broad and impartial society that respects and encourages children and actively enables people’s participation.

Explanation:

Companies tend to summarize their goals and objectives in mission and vision statements. Both of these serve different purposes for a company but are often confused with each other.

Vision of a company/organisation

• Vision statement outlines what a company wants to be in the future.
• The Vision Statement focuses on the future
• It is a statement that is a source of inspiration and motivation.  

• It describes not just the future of the organization but the future of the industry or society in which the organization hopes to effect change.

Relevance to the given scenario is that in the identified statement, Micheal has clearly demonstrated, what he sees for the foundation and how it wants to impact the foundation's stakeholders.

The vision of the foundation is as follows:

In a period of 10 years, he states that the foundation envisions a broad and impartial society that respects and encourages children and actively enables people’s participation.

Vision is different from the mission:

Mission statement:

The Mission Statement concentrates on the present; it defines the customer(s), critical processes and it informs you about the desired level of performance.

The mission of the foundation is as follows:

The purpose of the foundation is to maximize the effect of public participation and welcome the recognition for volunteering.