Case Study: Saudi Vision 2030 Details And Long-Term Goals ✓ Solved

Case Study Saudi Vision 2030 details the long-term goals

Case Study Saudi Vision 2030 details the long-term goals that the Kingdom of Saudi Arabia (KSA) hopes to achieve. These ambitious goals are well defined, extremely detailed, and impact all levels of society. Review the message from HRH Prince Mohammed Bin Salman Aziz Al-Saud about Saudi Arabia’s Vision for the future. After reviewing the vision statement from HRH Prince Mohammed Bin Salman Aziz Al-Saud and other components of Vision 2030, select an organization of your choice, which is located in the KSA. Then, address the following: Critique the organization’s mission statement, values, and vision. Explain the alignment, or lack thereof, of the selected organization’s mission, values, and vision with Saudi Vision 2030. Address what improvements must be made to the organization’s mission statement, values, and vision to ensure further alignment with Vision 2030. Explain why all organizations located in the KSA must align their strategy with Vision 2030.

Your well-written paper should meet the following requirements: Be 4-6 pages in length, which does not include the title and reference pages, which are never a part of the content minimum requirements. Use APA style guidelines. Support your submission with course material concepts, principles, and theories from the textbook and at least two scholarly, peer-reviewed journal articles.

Required Attached: Chapter 3 Performance Management Marius-costel, E. (2018). The pragmatic nature of the relationship between identity, culture and business mission: An approach in the strategic management perspective. Annals of 'Constantin Brancusi' University of Targu-Jiu. Economy Series, (1), 40-46. Tajpour, M., Hosseini, E., & Moghaddm, A. (2018). The effect of managers strategic thinking on opportunity exploitation. Scholedge International Journal of Multidisciplinary & Allied Studies, 5(6), 68–81. Yin, Y., Wang, Y., & Lu, Y. (2019). Why firms adopt empowerment practices and how such practices affect firm performance? A transaction cost-exchange perspective. Human Resource Management Review, 29(1), 111–124.

Paper For Above Instructions

The Kingdom of Saudi Arabia (KSA) has embarked on a transformative journey through its Vision 2030 initiative, aimed at steering the nation towards a more diversified economy and improved quality of life for its citizens. In this paper, we will select an organization located in KSA, specifically Almarai, which has become a cornerstone of the food and beverage sector in the region. This analysis will critique Almarai’s mission statement, values, and vision and examine their alignment with the overarching goals of Vision 2030. Furthermore, recommendations will be made to enhance the organization’s strategic framework to ensure a more robust alignment with the national vision.

Almarai's Mission, Values, and Vision

Almarai Company, established in 1977, has positioned itself as a leader in the food and beverage industry in the Middle East. Its mission statement emphasizes providing high-quality dairy products while maintaining a commitment to innovation, sustainability, and customer satisfaction. Almarai's values include teamwork, integrity, passion, and care for the environment. Furthermore, their vision is to be the leading food and beverage company in the region, enhancing the quality of life for their consumers.

Analysis of Alignment with Saudi Vision 2030

To evaluate the alignment between Almarai’s mission, values, and vision with Saudi Vision 2030, we must first examine the goals of Vision 2030. The initiative aims to reduce the economy's dependence on oil, promote public service sectors like health and education, and increase the participation of women in the workforce, among other objectives (Vision 2030, 2016). Almarai’s commitment to sustainability and innovation resonates with Vision 2030’s aim of fostering a more resilient economy.

Specifically, Almarai has initiated various sustainability measures, including improving water management and reducing carbon emissions, aligning with the vision's environmental goals. Additionally, by focusing on product quality and innovation, the organization contributes to achieving a more competitive and diversified economy. However, while Almarai's mission highlights environmental care, it could more explicitly reflect the social empowerment aspects emphasized in Vision 2030, such as workforce participation and community engagement.

Required Improvements

To enhance the alignment of Almarai’s strategic framework with Vision 2030, several improvements can be made to its mission, values, and vision. Firstly, the mission could incorporate explicit commitments to enhancing community welfare and supporting local economic development. This can be achieved by establishing partnerships with local suppliers and engaging in community-based initiatives to promote health and nutrition education.

Secondly, the company’s values could include a stronger emphasis on inclusivity, explicitly inviting diversity in its workforce, thereby supporting Vision 2030's goal of increasing women’s participation in various sectors. For instance, Almarai could implement policies aimed at mentorship and development programs targeting women and other underrepresented groups in the workforce.

Lastly, the vision statement can be revised to not only reflect leadership in the food and beverage sector but also to denote a broader commitment to social responsibility and contribution to national development goals under Vision 2030.

Importance of Alignment with Vision 2030

It is crucial for organizations in KSA to align their strategies with Vision 2030 for several reasons. Firstly, alignment with national goals enhances an organization’s reputation and brand loyalty among consumers who are increasingly valuing corporate social responsibility and sustainability. With Saudi citizens becoming more aware of their role in the nation's future, companies that demonstrate alignment with Vision 2030 will likely gain consumer support and trust.

Secondly, alignment can offer competitive advantages. As KSA aims to diversify its economy, industries that innovate and align with government initiatives will be more likely to secure funding, incentives, and support from government programs aimed at fostering economic growth and stability. Organizations that fail to align could find themselves at a disadvantage, facing challenges in attracting investment or talent.

Finally, when organizations align with Vision 2030, they contribute to a collective effort that benefits the entire nation, promoting social stability, economic resilience, and overall well-being for the population. This collective progression is essential for the country's sustainable development, necessitating collaborative efforts from both the public and private sectors.

Conclusion

In conclusion, Almarai stands as a significant player in the KSA food and beverage industry, and there is an essential synergy between its operations and the ambitious goals of Vision 2030. Through strategic enhancements of its mission, values, and vision, Almarai can further align with, and contribute to, the national objective of a diversified and sustainable economy. Not only does this alignment promise internal benefits for Almarai, but it also supports its part in the broader national vision, ultimately benefiting Saudi society and contributing to a prosperous future.

References

  • Vision 2030. (2016). Kingdom of Saudi Arabia. Retrieved from https://vision2030.gov.sa/
  • Marius-costel, E. (2018). The pragmatic nature of the relationship between identity, culture and business mission: An approach in the strategic management perspective. Annals of 'Constantin Brancusi' University of Targu-Jiu. Economy Series, (1), 40-46.
  • Tajpour, M., Hosseini, E., & Moghaddm, A. (2018). The effect of managers strategic thinking on opportunity exploitation. Scholedge International Journal of Multidisciplinary & Allied Studies, 5(6), 68–81.
  • Yin, Y., Wang, Y., & Lu, Y. (2019). Why firms adopt empowerment practices and how such practices affect firm performance? A transaction cost-exchange perspective. Human Resource Management Review, 29(1), 111–124.
  • Saudi Arabian General Investment Authority (SAGIA). (2018). Investment in the future: Vision 2030. Retrieved from https://sagia.gov.sa/en/
  • Almarai. (2022). Sustainability report 2022. Retrieved from https://www.almarai.com/
  • World Bank. (2020). Saudi Arabia: Economic outlook. Retrieved from https://www.worldbank.org/
  • OECD. (2019). Saudi Arabia Economic Survey 2019. Retrieved from https://www.oecd.org/
  • United Nations Development Programme (UNDP). (2021). Sustainable Development Goals. Retrieved from https://www.undp.org/
  • Saudi Vision 2030. (2021). Implementation report. Retrieved from https://vision2030.gov.sa/

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