The Impact of Vision on Business Excellence
DOI:
https://doi.org/10.37886/ruo.2024.018Keywords:
vision, business excellence, purpose, goals, EFQM model, employees, performanceAbstract
Research Question (RQ): Are vision and business excellence dependent on each other?
Purpose: Using relevant references, we explored the significance of vision and business excellence. Subsequently, we focused on the EFQM 2020 model's criteria: vision and business excellence.
Method: A qualitative method was employed for analysis, involving a review of foreign and domestic literature as well as online sources.
Results: A well-defined vision enables achievable goals that an organization can attain. Clear foresight and prompt responses to environmental challenges are crucial for ensuring organizational success in the future. Vision serves as a criterion for employee decision-making, fostering a sense of connection and belonging to the organization.
Organization: Advanced trends in organizational development leading to exceptional results are pivotal for future challenges. An ambitious vision aligned with the legitimate expectations of all stakeholders is crucial for an organization.
Society: Through this research, we aim to highlight the significance of an organization creating an ambitious vision aligned with stakeholders' expectations, involving them in shaping its vision and business excellence.
Originality: The contribution to the field lies in the originality of the research, which stems from the presentation of one of the criteria of the EFQM 2020 model: vision and business excellence.
Limitations/Future Research: This study was based on reviewed references, focusing on one of the criteria of the EFQM 2020 model for analysis.
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