Creating Innovators Through Setting Up Organizational Vision, Mission and Core Values: A Strategic Model in Higher Education

Abstract

Vision, mission, objectives and core values play major role in setting up sustainable organizations. Vision and mission statements describe the organization’s goals. Core values and core principles represent the organization’s culture. In this paper we have discussed a model on how a higher education institution can prosper to reach its goal of ‘creating innovators’ through its vision, mission, objectives and core values. A model for the core values required for a prospective graduate from higher educational institutions is developed, discussed and analysed. The model identifies some of the core values which are essential for a student/graduate to become successful and stand-out in his/her life. Based on the core values, a set of core principles for higher educational institutions is developed. Finally the benefits of core values and core principles are discussed.

Keywords: Organizational Vision, Organizational mission, Organizational core values, Creating innovators