How Defining Your Mission and Vision Can Transform Your Business
Acadia Group of Companies: Achieving Alignment and Strategic Success
Acadia Group of Companies, a diversified engineering and construction firm serving the prairies, faced challenges in gaining alignment and organizing strategic initiatives into manageable, actionable tasks. The desire to streamline operations, enhance governance, and prepare effectively for the Best Managed Companies (BMC) program led to significant changes and improvements.
Aligned Vision for the Future: By focusing on a clear and shared vision, the leadership team was equipped to prioritize company growth, utilizing holistic metrics for success. This alignment allowed the company to set clear goals and maintain focus on long-term objectives.
Streamlined Operations with a BOS: Utilizing the Entrepreneurial Operating System (EOS) transformed Acadia's operations. This structured approach paired with MCsquared coaching enhanced communication across all levels, ensuring that everyone was on the same page and working towards common goals.
Restructured Team & Succession Plan: Acadia restructured its team and developed a robust succession plan that aligned with its long-term business goals. This strategic move not only positioned the company as an industry leader but also ensured its preparedness for future challenges and opportunities.
These efforts culminated in a stronger, more cohesive organization ready to tackle the complexities of the Best Managed Companies program and continue leading in their industry.
Setting Goals to Support Your Mission and Vision
Have you considered applying to Canada's Best Managed Companies?
There are currently 497 companies in Canada who have been awarded this honour. From the 2023 applications, 27 companies were accepted into the program. Acadia Group of Companies was one of them.
Participating in Canada's Best Managed Companies program elevates your business by providing access to a network of top-tier professionals, enhancing your company's brand and credibility. The program offers valuable insights and benchmarking opportunities, helping you achieve sustainable growth. Joining this prestigious group signifies excellence in leadership, innovation, and performance, setting your company apart in the competitive landscape.
"Preparing for Canada's Best Managed Companies Program was daunting, but working with Merin made all the difference. Her organizational skills kept us on track and ensured our application stood out. Proud of our team's efforts!"
Jason Horner, Acadia Group of Companies
Key Takeaways
Clarify Mission and Vision: Clearly articulate the differences between your mission and vision to ensure your team understands and aligns with both the company's present purpose and future aspirations.
Integrate Development Goals: Establish personal and career development goals alongside financial goals. This dual approach promotes individual growth and supports your company's mission and vision.
Utilize Tracking Systems: Leverage tools like EOS and 90.io to track KPIs and ensure your team remains focused and aligned. Regularly review data to guide strategic adjustments.
Ready to Take the Next Step?
By understanding the differences between your mission and vision and supporting these with integrated development and financial goals, you can ensure that your team is aligned and motivated to achieve your company’s objectives.
Cheers,
Merin