5.2. Components of Strategy

The components of a formal training strategy that the authors have applied in their practice include vision and mission statements, strategic objectives, guiding principles, business and operating models, portfolios, and road-maps. These are described below using examples of what they look like in practice.

5.2.1. Vision and Mission Statements

Establishing a vision helps to create a shared understanding of the future and unite people toward that future. A vision statement presents an aspiring view of the future. It is concise, motivating, memorable, and achievable. Many training organizations have vision statements; since the technical training organization directly supports technical products, its vision must be ...

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