1. To have an effective venture it is important to be clear about the mission, vision and values that drive your venture’s strategies. Strategy is the action you take toward a desired outcome.
Without a mission you have no reason to exist. Without a vision, you have no idea what the world should be when you achieve your outcomes.
Without values you have boundaries for your actions activities.
2. If your venture’s strategies are not congruent with the other pieces of the venture the strategies will fail.
If a venture cannot implement its strategies the venture will fail.
Entrepreneurs know this intuitively (or they learn it quickly). This is why entrepreneurial thinking is critical for the 21st century organization – non- profit, for profit or social enterprises!