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Strategic Planning and Management Insights

Strategic Planning Lessons from Elon Musk

[fa icon="calendar'] July 16 / by Jason Heckl posted in Strategic planning, scenario planning, vision

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An immigrant from South Africa, Elon Musk is an inventor, entrepreneur, investor and multi-billionaire. After dropping out of a Stanford PhD program, Musk went on to create and sell his first technology company to Compaq Computer Co. for over $300 million (USD). After that, he and his brother created what we know today as PayPal, before selling to eBay for $1.5 billion in stock. Finally, he had the funds to start a private space exploration company called SpaceX, as well as an electric vehicle company called Tesla shortly after. Along with having an involvement in other companies such as Solar City, Neuralink, and the Boring Company, Musk’s success has amassed him a net worth or over $19 billion.

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Crafting Your Vision Statement: How to Steer Your Organization Towards the Future You Want

[fa icon="calendar'] January 06 / by Anthony Taylor posted in Strategic planning, education, vision

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When developing a strategic plan, we break it down into 6 areas: Vision, Mission, Strategic Priorities,  Objectives, Measurable Goals and Tactics . A strong strategic plan is developed in this order, starting with the vision. Developing your organization's vision is so much more than jotting down a few quick lines and calling that a vision statement.

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Vision Statement: Here's why you need more than that

[fa icon="calendar'] June 05 / by Anthony Taylor posted in Strategic planning, alignment, vision

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Business_VisionImage from public domain

If you searched for vision statement examples and then came to this article to figure out if you need one, I invite you to consider that what you need is much more than just a vision statement. I believe that you instead want a clear picture of the future that your team can get behind so they know where they are going and how to get there. 

We could make an exhaustive list of great sounding examples of vision statements that you could look at and then try to squish the future you want into this tiny box that sounds good.

OR

You could create a vision that inspires you, inspires your people, and gives them a clear path on how to move forward.

Which option do you prefer?

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