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Vision and Purpose

Overview

To meet the Investors in People Standard, organisations need to have a clear sense of direction and a strategy for improving performance. Organisations of all types benefit from a regularly-reviewed business planning process, which sets out measurable objectives to be achieved.

Profile challenges organisations to go further, defining what is fundamental to the organisation, and what that means for its strategy now and in the future. It looks at how the organisation has established its:

Purpose: Why the organisation exists and what its business is

Vision: Where the organisation seeks to be in the future, and what it wants its people and customers to say about it

Values: The principles the organisation has for how it and its people work - including addressing barriers to improvement

Strategy: The way the organisation aims to achieve its vision in accordance with its values

Key performance indicators: The specific measures the organisation uses to monitor, understand, predict and improve its performance in implementing its strategies.

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Highlight:  Lloyds TSB Group
Lloyds TSB uses the balanced scorecard across the Group enabling it to clarify both its vision and strategy and to translate them into action. ... read more


3  Good practice
Vision and Purpose

3  Web links
CIPD - corporate strategy
Institute of Directors
The Work Foundation
CBI
Business in the Community
Business Link

3  Publications
Understanding Profile
An overview of the Profile framework

 

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