5 months, 4 days ago

Comprehensive Organizational Purpose

Link: https://cisr.mit.edu/publication/OrganizationalPurpose_TalkingPoints

Abstract:

Recent MIT CISR survey data showed that nearly every participating organization had crafted a purpose statement. However, only half had defined the aspirations, propositions, and values that together comprise a comprehensive organizational purpose statement that can become ingrained in leaders’ strategic planning and teams’ decision-making. Drawing on MIT CISR survey data and a case study of Allstate Insurance, this research briefing describes how combining such a comprehensive organizational purpose with decentralized decision-making results in accelerated strategic objective realization and improved financial performance.

Publication date:

Publication type: Talking Points

Publication authors:
Nick van der Meulen
,
Cynthia M. Beath