Components of an Envisioned Future Strategy PPT
This PPT slide, part of the 45-slide Building an Enduring Corporate Vision PowerPoint presentation, outlines the concept of an "Envisioned Future," which is composed of 2 key components: a Vision-level BHAG and a Vivid Description. The Vision-level BHAG, or Big Hairy Audacious Goal, is presented as a strategic tool aimed at stimulating progress within an organization. This goal is characterized as unique compared to typical company objectives, as it represents a significant and daunting challenge. The slide emphasizes that a true BHAG is not only clear and compelling, but also serves as a guiding star for the organization, motivating teams to strive toward ambitious outcomes.
On the other hand, the Vivid Description is described as an engaging and specific narrative that illustrates what achieving these BHAGs will look like. This component is crucial as it translates the abstract nature of the BHAG into tangible terms, making it easier for stakeholders to visualize the end goal. The vivid description enhances the BHAG by providing context and emotional resonance, thereby fostering a deeper connection among team members and stakeholders.
The structure of the slide effectively separates these 2 components, using visual elements to highlight their interrelation. The emphasis on both the BHAG and the Vivid Description suggests that for an organization to successfully navigate its future, it must not only set ambitious goals, but also articulate them in a way that inspires and engages its people. This dual approach can be a powerful framework for any organization looking to drive transformation and achieve significant milestones.
This slide is part of the Building an Enduring Corporate Vision PowerPoint presentation.
Designed by a firm of ex-consultants from McKinsey, E&Y, and Bearing Point, this presentation discusses how to build an enduring Corporate Vision, based on a classic Harvard Business Review publication by Collins and Porras.
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