Acquisitions Strategy: How to Create a Compelling Vision for Acquisitions

Website design By BotEap.comA vision is often described as “a picture of the future we seek to create.” It is a description of our future plans with goals and objectives. You need a vision for your procurement group for two main reasons. One is to act as a motivation for people in acquisitions so that they are inspired to aspire to outstanding results day in and day out. The other reason is to establish the importance of purchasing in the minds of other departments and to show them how purchasing can help them achieve their goals and objectives.

Website design By BotEap.comAn example of a vision statement for a purchasing group in local government is to “create and continually develop a Purchasing Service that acts as the first link in an integrated supply chain from suppliers to the public and provides high-quality services.” quality at an affordable cost that are flexible enough to meet changing demand.

Website design By BotEap.comHere are five best practice tips for creating a compelling vision.

Website design By BotEap.com1. Be brief. If you can’t get your vision across to others in just a sentence or two, you risk not being understood.

Website design By BotEap.com2. Keep the language you use simple. This is not because you think others are too stupid to understand you. It is because you want others to be clear about what you are saying so that they immediately see the value you add and remember it.

Website design By BotEap.com3. Research. There are many websites that contain sample vision statements. Take a look and write down the good and bad points about them that first catch your eye. When you have done this for at least twenty statements, look at what you have written and see if there is any consistency in both the good and bad points. You can use the former as the things to do and the latter for the things to avoid.

Website design By BotEap.com4. Don’t rush into writing your vision statement. Craft her statement and then sleep on it. Seeing it again the next day with fresh eyes can show you how her statement can be improved.

Website design By BotEap.com5. Share your vision statement with others. Get their views on how it could be improved. If there is a consistent vision of what to change, then think about making the change. If there is no consistency, ignore them, they are just the opinions of individuals.

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