1.1. What is a vision statement?

The vision statement for Consumer Lending in Japan Citi CFJ B is its strategic plan for the future – it defines what and where Consumer Lending in Japan Citi CFJ B Company wants to be in the future. The vision statement for Consumer Lending in Japan Citi CFJ B is a document identifying the goals of Consumer Lending in Japan Citi CFJ B to facilitate its strategic, managerial, as well as general decision making processes.

1.2. Components of the vision statement

1.2.1. Concise

The vision statement of Consumer Lending in Japan Citi CFJ B is brief and to the point. This means that the company has not used long dialects and dialogues to delivers its opinion ad stance to the public and relevant stakeholders. The vision statement should be brief and comprehensive – it should communicate the essence of the business, and its future plans to help the stakeholders understand its business philosophy and business strategy.

1.2.2. Encompassing description

The vision statement of Consumer Lending in Japan Citi CFJ B should be brief but should be holistic in nature. This means that the visions statement should be complete in its description and information of what the company desires, and how it plans to achieve its long term goals strategically. The vision statement should be a comprehensive statement identifying the company’s core strengths, which would enable it to achieve its futuristic goals.

1.3. How to develop a vision statement

The company should identify the following t be able to guide its business decisions towards future success and progress to be able to develop a successful vision statement:

1.3.1. Look at the organizational history

• When did Consumer Lending in Japan Citi CFJ B start the business?
• How many employees did the company have during the beginning?
• The significant milestones that Consumer Lending in Japan Citi CFJ B has achieved since being started, and when were these milestones achieved?
• Include all positive and negative milestones that Consumer Lending in Japan Citi CFJ B has faced, and how it overcame them?
• What does Consumer Lending in Japan Citi CFJ B enjoy the most about its business and why?

These questions will help the management and key decision makers at Consumer Lending in Japan Citi CFJ B to critically assess the history and the various decisions that were made for Consumer Lending in Japan Citi CFJ B and the business. These will be critically reviewed for the positive o the negative consequences they brought, and how that influenced the general business direction or Consumer Lending in Japan Citi CFJ B to have it stand in its present position.

1.3.2. Look at the present

• What is the business landscape for Consumer Lending in Japan Citi CFJ B currently?
• How many employees does the business have currently?
• What is the unique value proposition offered by Consumer Lending in Japan Citi CFJ B
• What are the strengths, weaknesses, opportunities and threats being faced by Consumer Lending in Japan Citi CFJ B in the present?
• What is the financial strength of the company in the present?

These questions will help strategic managers and decision-makers identify the need of the business to progress, as well as identify the resources needed for advancement. In addition, these questions will also help Consumer Lending in Japan Citi CFJ B in deciding the future direction it wants to take on, and how to achieve and realize that direction. Lastly, assessment of present standing for Consumer Lending in Japan Citi CFJ B will help the business identify how it can improve the business with potential changes.

1.3.3. Look at the future of the organization

• What are the long term goals for Consumer Lending in Japan Citi CFJ B?
• What are the short term goals for Consumer Lending in Japan Citi CFJ B?
• How can the company improve its offerings?
• Which processes and ideas can be implemented to help the business gain higher effectivity and efficiency?
• What is the potential for growth for Consumer Lending in Japan Citi CFJ B?
• What are the secondary goals of the business?

These questions will allow managers and decision makers for Consumer Lending in Japan Citi CFJ B to clearly think about where they want the business to be in the future, and how this future and its goals can be achieved and realized.

1.3.4. Identify loopholes

The process of critically assessing the past, present and future of Consumer Lending in Japan Citi CFJ B is important for vision building because:

• It allows identification of gaps and loopholes between the present an the future
• It directs Consumer Lending in Japan Citi CFJ B towards filling those loopholes through correct resource allocation
• It helps idea generation for enhancing business performance
• It allows strategic decision making for fueling business growth

1.4. How to implement a vision statement

1.4.1. Gathering for a meeting and idea generation

• Consumer Lending in Japan Citi CFJ B should gather all employees from different managerial levels in groups
• These groups should work towards generating ideas based on what the organization stands for, and what it offers
• The idea generation should be based on the employee's perception
• The ideas should also involve where the progression of the company should be focused on
• In addition, the employees should also focus their ideas on foreseeing a potential future for Consumer Lending in Japan Citi CFJ B

1.4.2. Grouping similar ideas and developing drafts

• Similar ideas should be grouped
• Senior level employees should develop and compare descriptions for grouped ideas
• The grouped ideas should be categorized according to themes
• The thematic groupings should be prioritized with the organizational offerings and values
• Draft vision statements should be created based on high priority groups of ideas and descriptions

1.4.3. Evaluating the vision statement

• Visions statements should be evaluated on their criteria of matching with the organizational offering and potential
• The vision stamen should also reflect the work environment and business potential of Consumer Lending in Japan Citi CFJ B
• The vision statement should be in line with the values of Consumer Lending in Japan Citi CFJ B

1.4.4. Communication of vision statement

• The visions statement should be communicated to all relevant stakeholders of Consumer Lending in Japan Citi CFJ B
• The visions statement should be incorporated in the annual statement
• The visions statement for Consumer Lending in Japan Citi CFJ B should also be updated, and transparently be drafted within the organization
• The visions statement should be sued to guide the drafting of the mission statement

2. The mission statement of Consumer Lending in Japan Citi CFJ B

2.1. What is a mission statement?

The mission statement for Consumer Lending in Japan Citi CFJ B is a public document that details the values and strategic aims of Consumer Lending in Japan Citi CFJ B. The mission statement of Consumer Lending in Japan Citi CFJ B also identifies the purpose of the organization existence, highlighting the services and the products it offers. Further, the mission statement also identifies the organization’s operational goals for Consumer Lending in Japan Citi CFJ B, the processes the company uses to achieve those, the target customer groups, and the region where the company operates.

2.2. Components of a mission statement

2.2.1. Customer satisfaction

The mission statement of Consumer Lending in Japan Citi CFJ B focuses on addressing issues of customer satisfaction. The mission statement of Consumer Lending in Japan Citi CFJ B has identified its target customer groups, and also identified their needs and demands. The mission statement reflects on how its products and services work towards increasing customer satisfaction for its target customers.

2.2.2. Based on core competencies

The mission statement of Consumer Lending in Japan Citi CFJ B is based on its integral strengths and competencies. This is important for Consumer Lending in Japan Citi CFJ B as the mission statement will highlight the different systems and processes as well as strategic tactics that the company uses to achieve its organizational and strategic goals. The achievement of the goals will depend on how well Consumer Lending in Japan Citi CFJ B makes use of its core competencies.

2.2.3. Realistic and clear

The mission statement for Consumer Lending in Japan Citi CFJ B is also realistic and clear. This means that Consumer Lending in Japan Citi CFJ B has used simple, string, and easily understood words and phrases in the drafting of its mission statement. Clarity is important so that the mission statement is understood by all relevant stakeholders of Consumer Lending in Japan Citi CFJ B Company. Consumer Lending in Japan Citi CFJ B’s mission statement is also realistic, which makes it able to achieve various set goals and targets.

2.2.4. Motivational and inspirational

The mission statement of Consumer Lending in Japan Citi CFJ B is motivational in that it works towards inspiring the employees and the workforce towards giving their optimal best performance towards the goal achievement of Consumer Lending in Japan Citi CFJ B. The mission statement of Consumer Lending in Japan Citi CFJ B is also inspirational in that it develops the need for growth and progress in individuals – for the betterment of not only the company but also for their own selves.

2.2.5. Specific and sharp

The mission statement of Consumer Lending in Japan Citi CFJ B is precise and to the point. It is easy to understand and delivers what the audience must know about Consumer Lending in Japan Citi CFJ B’s offerings and operations. It is important to keep the missions statement short, sharp and precise to be able to successfully communicate the company’s standing to stakeholders, instead of dragging it on into long pages with repetition and non-important aspects.

2.2.6. Reflects the company’s offerings

The mission statement of a company should be based on what the company has to offer in terms of products and services. This means that the mission statement for Consumer Lending in Japan Citi CFJ B highlights its offerings, but ensures that this offering is in line with the values that the company stands for. The mission statement for Consumer Lending in Japan Citi CFJ B, therefore, identifies the ethical grounds through which the company systematically works to deliver its offering.

2.3. How to develop a mission statement

It is important to follow the following steps and answer the following questions to be able to develop successful mission statements:

2.3.1. What does Consumer Lending in Japan Citi CFJ B do?

• Define the purpose of Consumer Lending in Japan Citi CFJ B
• Define its brief history
• Define the need for existence for Consumer Lending in Japan Citi CFJ B

2.3.2. How does Consumer Lending in Japan Citi CFJ B manage to achieve its promised offering?

• Explain the systems and operations employed at Consumer Lending in Japan Citi CFJ B
• Identify relevant ethical policies in place at Consumer Lending in Japan Citi CFJ B
• Highlight the use of transparency at Consumer Lending in Japan Citi CFJ B in all matters
• Define the processes that Consumer Lending in Japan Citi CFJ B uses to deliver its promised offering to target customer groups

2.3.3. For whom does Consumer Lending in Japan Citi CFJ B produce offerings?

• Define target market customers for Consumer Lending in Japan Citi CFJ B
• Target market customers from different regions can also be defined
• Consumer Lending in Japan Citi CFJ B can also explore secondary target market groups, and define them in the mission statement

2.3.4. What value is Consumer Lending in Japan Citi CFJ B adding on?

• Define the value additions being brought forward by Consumer Lending in Japan Citi CFJ B in the customer’s life
• Define the purpose of the offerings being delivered by Consumer Lending in Japan Citi CFJ B
• Highlight the importance of Consumer Lending in Japan Citi CFJ B in the lives of its customers

2.4. How to implement the mission statement

2.4.1. Communication

• Consumer Lending in Japan Citi CFJ B should communicate the mission statement to all stakeholders – employees, customers, shareholders, public, government etc.
• Consumer Lending in Japan Citi CFJ B should also keep the mission statement transparent and accessible at all times

2.4.2. Training

• Consumer Lending in Japan Citi CFJ B should encourage its employee force to undergo training if need be to meet the requirements of the mission statement
• Consumer Lending in Japan Citi CFJ B should regularly hold workshops to refine the values being defined in the mission statement and build them in its employee force

2.4.3. Goal setting

• Consumer Lending in Japan Citi CFJ B should develop SMART goals to meet the strategic targets identified in the mission statement
• Consumer Lending in Japan Citi CFJ B should also develop ethical grounds to remain in line with the mission statement
• Consumer Lending in Japan Citi CFJ B should keep goals flexible, but the means to achieve the goals should be stringent and should reflect the values drafted in the mission statement

3. Goals of Consumer Lending in Japan Citi CFJ B

3.1. What are organizational goals

Organizational goals are those business and strategic objectives that define the purpose of Consumer Lending in Japan Citi CFJ B. Organizational goals are strategic targets that Consumer Lending in Japan Citi CFJ B wants to achieve over a period of time. This time period is generally long term. The goals of Consumer Lending in Japan Citi CFJ B help direct its employee behaviour, as well as help in directing the operations of the business in the short term.

3.2. Components of goal

3.2.1. Achievable

The goals set by Consumer Lending in Japan Citi CFJ B should be achievable. This means that Consumer Lending in Japan Citi CFJ B should have the resources and the finances necessary for being able to realize the organizational goals over the long haul. Consumer Lending in Japan Citi CFJ B should also have the strategic leadership to be able to achieve these organizational goals.

3.2.2. Time-frame defined

All goals set by Consumer Lending in Japan Citi CFJ B- even for the long term – have an attached time frame. This is important to ensure that the organization is effective and efficient in realizing its goals.an attached time frame for the goals set for the long term future also helps in establishing a related time frame for the more short term organizational objectives.

3.2.3. Easy to understand

The goals should be fairly simple and should be easily understood by all employees of Consumer Lending in Japan Citi CFJ B. This is important as only when employees are clear about what the goals are, their importance, and the urgency of achieving them will they be able to relate with them and work towards achieving them.

3.2.4. Easy to communicate

The goals set by Consumer Lending in Japan Citi CFJ B should also be easy to communicate. This means that the jargon used for goal setting and goal communication should be clear and precise. These goals should be communicated with all managerial levels, and all employees to allow them a directive path to help the organization achieve these goals.

3.2.5. Pragmatic

The goals set by Consumer Lending in Japan Citi CFJ B should also be realistic in nature. This means that all strategic goals defined by Consumer Lending in Japan Citi CFJ B should take into consideration not only its internal financial position and resources but also the skill set of its employees and the larger macro environment. This will enable the company to set goals that will sue the core competencies of Consumer Lending in Japan Citi CFJ B to help it achieve the strategic goals easily, and realistically.

3.2.6. Relation with job tasks

All goals should be relatable with the employees of Consumer Lending in Japan Citi CFJ B. This means that all goals should directly or indirectly be tied to the job tasks and job nature of employees. This is to ensure that employees don’t feel redundant and use their skills to help the organization progress.

3.3. How to develop goals

3.3.1. Strategic evaluation

• Assess and review the vision statement
• Based on the vision statement and company values, decide where Consumer Lending in Japan Citi CFJ B should be in the next five years

3.3.2. Brainstorming

• Brainstorm goals that will help Consumer Lending in Japan Citi CFJ B achieve its long term direction
• Group goals according to themes
• Cluster the goals, and briefly describe each group and cluster
• Set long term goals for the company according to different clusters and groups

3.3.3. Prioritization

• Prioritize different clusters and groups
• Set and define long term goals based on prioritization
• Prioritization should be based on how soon the different defined goal groups and clusters will help Consumer Lending in Japan Citi CFJ B progress and achieve its desired position in the next five years or so to develop a successful vision statement

3.4. How to implement goals

3.4.1. Communication

• Communicate the goals to all managerial levels
• Goals should also be communicated to all relevant stakeholders – including distributors, shareholders, third-party contractors etc.
• Goals may also be communicated to customers
• Communication of goals will help Consumer Lending in Japan Citi CFJ B achieve goals by defining roles and milestones needed for achievement

3.4.2. Periodic strategic evaluation

• Evaluate the progress of goal attainment periodically
• This evaluation is done at a strategic level and operational level
• Different goals should be set for different departments of Consumer Lending in Japan Citi CFJ B to help it achieve the broader long term goals
• These departmental goals help in directing operations towards the larger strategic goal attainment

3.4.3. Training

• Employee training to develop skills needed and necessary for goal attainment
• Training can be in-house or out-house for employees
• Training for Consumer Lending in Japan Citi CFJ B should be continual and should be consistent with the goals set

4. Objectives of Consumer Lending in Japan Citi CFJ B

4.1. What are organizational objectives

Organizational objectives for Consumer Lending in Japan Citi CFJ B are the short to medium term targets and goals that the organization sets to achieve the bigger strategic goals set for the long term. The organizational objectives are important in shaping resource allocation within Consumer Lending in Japan Citi CFJ B as well as in determining the policies, schedules and processes that are implemented in Consumer Lending in Japan Citi CFJ B.

4.2. Components of objectives

4.2.1. Specific

All objectives set by Consumer Lending in Japan Citi CFJ B are specific and clear. This helps employees, as well as managers, manage and maintain focus on the targets and the end results that need to be achieved. At the same time, specific objectives help managers determine skill development and training needs within their departments as well.

4.2.2. Measurable

Objectives at Consumer Lending in Japan Citi CFJ B are also measurable. This means that all objectives can be tracked for progress. This is important for Consumer Lending in Japan Citi CFJ B as it helps in meeting deadlines. The element of measurability is added in objectives by adding quantifiable criteria for determining progress and objective achievement.

4.2.3. Attainable

The goal should be attainable that even in stretching the abilities of the employees and challenging them, it should remain possible to achieve. The objectives at Consumer Lending in Japan Citi CFJ B are attainable in that they push the employees out of their comfort zones but remain possible to achieve.

4.2.4. Realistic

Objectives at Consumer Lending in Japan Citi CFJ B are also attainable in that they are realistic. This means that Consumer Lending in Japan Citi CFJ B sets objectives keeping in view the organizational resources and constraints to be able to achieve objectives effectively and within time.

4.2.5. Timely

Objectives at Consumer Lending in Japan Citi CFJ B are also time-bound in that they have a specified start and finish date. The timeliness of the objective helps Consumer Lending in Japan Citi CFJ B maintain a sense of urgency in employees, and keep them motivated towards achieving the objective.

4.3. How to develop objectives

4.3.1. Focus on overall strategy

• Objectives should focus on the broader organizational strategy
• This will facilitate the organization in keeping in view the broader purpose and at the same time work towards achieving quantifiable goals and objectives
• By keeping in view strategic focus, Consumer Lending in Japan Citi CFJ B also maintains proximity with the vision of the organization and works towards enhancing the performance of the organization

4.3.2. Focus on goal

• Objectives at Consumer Lending in Japan Citi CFJ B should be set keeping in view the set organizational goals
• Objectives at Consumer Lending in Japan Citi CFJ B should flow from the organizational goals, and work towards helping the company and its departments and operations achieving the set goals
• This is important as it keeps objectives strategically relevant to the organizational processes and systems

4.3.3. Focus on the time frame and skill sets available

• Objectives at Consumer Lending in Japan Citi CFJ B should focus on the time constraints present in terms of resource present, as well as the urgency of the organization and the industry
• Objectives at Consumer Lending in Japan Citi CFJ B should also focus on the skillset of employee and organizational resources available
• Focus on resources and skills is important to ensure that all objectives are attainable
• Focus and relevance with resources and skills will also help Consumer Lending in Japan Citi CFJ B identify gaps that it needs to fill through training

4.4. How to implement objectives

4.4.1. Communication

• Objectives at Consumer Lending in Japan Citi CFJ B should be discussed with employees mutually
• Purpose of the set objectives should be clearly discussed, and communicated with the employees
• This discussion should entail not only the objective, but also the time period within which it is expected to be completed, and the processes and means to achieve it
• Objectives should also include aspects of personal and individual growth and development of employees to make sure that employees remain motivated throughout

4.4.2. Performance appraisal

• The performance appraisal at Consumer Lending in Japan Citi CFJ B helps managers and supervisors keep track of objective achievement and employee performance
• The performance appraisal also helps keep the objectives time bound through regular reviews and discussions
• The performance appraisal also helps identify skills development aspects that employees need and helps the managers develop suitable and needful strategic training programs for skill development and skill improvement