Shalini Sareen

Vision & ValuesA set of words or a strategic tool????: 

Vision & Values A set of words or a strategic tool????

The Living Company: 

The Living Company The living company is primarily a community Its purposes are Longevity: thus development of its potential Profitability: a means to that end

The Lifespan of a Company: 

The Lifespan of a Company Companies die because managers focus on the economic activity and forget that an organisations’ true nature is that of a community of humans

From Alice in Wonderland: 

From Alice in Wonderland One day Alice came to a fork in the road and saw a Cheshire Cat in a tree. She asked the Cat “Which road do I take?” The cat enquired “where do you want to go?” To this Alice responded “I don’t know”, “Then”, said the cat, “it doesn’t matter which road you take”. Lewis Carrol

Vision: an image of our desired future: 

Vision: an image of our desired future A statement of ‘our vision’ shows where we want to go, & what we will be like when we get there

Mission or Purpose: 

Mission or Purpose Whether you call it a mission or purpose, it represents the fundamental reason for the organisation’s existence What are we here to do together?

Goals: 

Goals Every shared vision effort needs not just a broad vision, but needs specific, realizable goals Goals represent what people commit themselves to do, often within a few months

Values: 

Values How we expect to travel to where we want to go A set of governing values might include: how we want to behave with each other; how we expect to regard our customers, community, and vendors; and the lines which we will and will not cross.

Values: 

Values Values are best expressed in terms of behavior If we act as we should, what would an observer see us doing? How would we be thinking?

Values: 

Values Can block a Company’s strategy or catalyse it; strength and fit are what matter Must be based on actionable practices that everyone can recognise and emulate Must be rooted in day-to-day reality, embody the best practices that distil from the way people actually work Actionable Core Values help to keep people focused

How it all fits together: 

How it all fits together OUR CORE PURPOSE Why we exist OUR VISION Where we are going OUR VALUES How we will get there OUR STRATEGY What we are going to do SATISFIED DELIGHTED EFFECTIVE ENGAGED SHAREHOLDERS CUSTOMERS PROCESSES WORKFORCE STRATEGIC OUTCOMES

Our Journey: 

Our Journey Alignment of values What is the one value not to be compromised on If the value has not been practiced in the last 10 years then its not a value. MARS Groups formed: to bounce back to small groups & discuss road blocks if any These were then revised, refined and crystallized by GROW Talent Feedback taken from EC, 3 days workshop in GOA with top 50 managers

Mars Groups: 

Mars Groups

BHAGs: 

BHAGs

Our Vision Generated Various BHAG Areas: 

Our Vision Generated Various BHAG Areas TO BECOME A LEADING TOBACCO PLAYER IN INDIA AND BEYOND GPI Vision Vivid description We will empower all our people to think and act radically, stretch relentlessly and generate path breaking ideas and strategies to propel GPI to create and build powerful brands with unmatched service and world class processes We will rapidly grow shareholder value and achieve a commanding presence nationally while gaining a significant presence in global markets We will be amongst the most respected companies in India and in the tobacco industry worldwide BHAGS Domestic share Existing areas National level Global expansion Asia ROW Financials Net sales ROCE Net profit Innovativeness New brands in 3 years Percent of sales from launches in last 3 years Processes/ service Cost Distribution People Respect

Deploying Values And Vision: 

Deploying Values And Vision Develop values and behaviours Aug-Oct’02 Communicate and reinforce Dec’02 Deploy Jan-Feb’03 Review Periodically Mar’03… V A L U E S Articulate & Communicate Vision Aug-Nov’02 Develop BHAGS 3 yr targets & Approach Dec-Jan Strategic blueprints Departmental plans Jan-Feb’03 Corporate plan, Budget Feb-Mar’03 V I S I O N Implement initiatives & Projects Apr’03 on….

Our Journey: 

Our Journey Values are in action. Vision is aspirational Values were broken into definition and behaviour indicators Town Halls were held for communicating these Values, Vision & BHAGS Champions and buddies were assigned for carrying forward & monitoring each value

The Rainbow Model: 

The Rainbow Model

Our Vision: 

To become a leading tobacco player in India & beyond Our Vision