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A vision statement is a high-level, [1] inspirational [1] statement of an idealistic emotional future of a company or group. Vision describes the basic human emotion that a founder intends to be experienced by the people the organization interacts with. [2] [circular reference] [3] [circular reference] [4] Vision statements may fill the ...
Vision statements tend to be more related to strategic planning and lean more towards discussing where a company aims to be in the future. Religious mission statements are less explicit about key market, contribution and distinction, but clearly describe the organization's purpose. [11]
Lean manufacturing – or lean production, which is often known simply as "Lean", is the practice of a theory of production that considers the expenditure of resources for any means other than the creation of value for the presumed customer to be wasteful, and thus a target for elimination.
The company must then describe the new, desired culture, and then design a change process. Cummings and Worley offer six guidelines for cultural change, in line with the eight distinct stages mentioned by Kotter. [68] [69] Formulate a strategic vision (Kotter stage 1, 2, and 3).
It can also communicate the vision of how an operation will work in the future – the to be. In this context it is often referred to as the target operating model, which is a view of the operating at a future point in time. Most typically, an operating model is a living set of documents that are continually changing, like an organization chart.
Production planning is the future of production. It can help in efficient manufacturing or setting up of a production site by facilitating required needs. [2] A production plan is made periodically for a specific time period, called the planning horizon. It can comprise the following activities:
Manufacturing – use of machines, tools and labor to produce goods for use or sale. Includes a range of human activity, from handicraft to high-tech , but most commonly refers to industrial production, where raw materials are transformed into finished goods on a large scale.
Portrait of Alexander Hamilton, John Trumbull, 1792. In United States history, the Report on the Subject of Manufactures, generally referred to by its shortened title Report on Manufactures, is the third of four major reports, and magnum opus, of American Founding Father and first U.S. Treasury Secretary Alexander Hamilton.