S Group’s vision for strategic transformation: “Your Own Store”
– The vision should ignite and facilitate strategic change as well as help a company to transform and reinvent itself in the face of competition. Too often executives use vision as a mere slogan without real relevance. The purpose of this study is to show how the vision guides strategic change.
– A case study from a successful multi-format, multi-industry service business is used to illustrate the role of vision in strategic change management.
– The article illustrates how the vision was used in practice in guiding the strategic transformation process of the case organization. The study presents four focal tasks of the vision and concludes with five practical guidelines for executives.
– The article highlights the role of vision as an important tool for managing strategic change.
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