Developing a Mission, Vision, Goals, and Objectives for the Project

Developing a Mission, Vision, Goals, and Objectives for the Project

Proposal Outline

1. Introduction
2. Background to the topic: In project management, mission and vision statements, as well as project goals and objectives, are critical strategic elements that offer direction and bearing to the organization, stating where the company is headed and how to get there.
3. The rationale for research: The rationale for this proposal is to justify why some company projects succeed and perform better than others, especially those with a clear mission, vision, goals, and objectives.
4. Research Aims
5. Overall aims: The primary aim of this proposal is to explore and examine the importance of mission, vision, goals, and objectives in project management and to determine whether it influences success.
6. Research Questions: What is the role of mission and vision statements, as well as goals and objectives, in project management?
7. Literature Review: According to Alegre et al. (2018), vision and mission statements serve a central role in giving organizations a unique identity. Studies have also shown that setting up goals and objectives can give organizations a critical direction (Sampiero, 2016). However, previous empirical studies have failed to quantify the strategic importance of these features.
8. Methodology: A cross-sectional study survey will be used to analyze the contribution of mission, vision, goals, and objectives in about 50 popular international companies.
9. Results/Discussion: Companies with a clear vision, mission, objectives, and goals are expected to perform (including financial returns) than those without.
10. Conclusion: In summary, it can be argued that vision, mission, objectives, and goals are key strategic plans that can provide organizations with the direction of where they want to go.

Annotated Bibliography

Alegre, I., et al. (2018). The real mission of the mission statement: A systematic review of the literature. Journal of Management & Organization, 24(4), 456-473.

This systematic literature explores the strategic objective of the mission statement in creating a company’s identity and uniqueness. In particular, the study reviews about 53 articles categorized into four major categories, including mission statement effect on employees, components, development, and performance. This study will assist in the development of my proposal as it explores the major ingredients and application of mission statements.

Kantabutra, S., & Avery, G. C. (2010). The power of vision: statements that resonate. Journal of Business Strategy, 31(1), 37-45.

This study evaluates the role of a vision statement in keeping organizations thriving and highly competitive in a fast-changing business environment. The researchers further explore the advantages of having visionary leaders in management and how to create visions that are practical. This study will aid in the writing of my proposal as it elaborates on the key functions and components of vision statements in project management.

Sampiero, M. (2016). Project team members and project goals and objectives. PM World Journal, 5(8). Retrieved from https://www.researchgate.net/publication/307558505_Project_Team_Members_and_Project_Goals_and_Objectives

As the final article of a seven-series publication, this review analyses the responsibilities of team members in interpreting and defining the objectives and goals of a project. For my research proposal, this editorial is vital because it highlights the function of CSFs (critical success factors), including clear objectives and goals.

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Individual Assignment 1 – Final Project Analysis Paper Proposal
1) Choose a Topic: You are to write an analysis paper on a component of project management from the weekly topics we cover during the course:

Developing a Mission, Vision, Goals, and Objectives for the Project

2) Choose a Draft Title: Create a draft title for your paper that is descriptive of your paper.
3) Create a Draft Outline: Create a draft outline of the components of your paper.
4) Create an annotated bibliography: This should help you perform your initial research for source material outside of your text.
5) You will use APA format for your paper.
• This proposal must be no less than one page and no more than two pages maximum in length.