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    Group 1 Assignment STG MGT 2022

    Uploaded by

    lomayani letayo
    The document discusses the mission and vision of the Higher Education Students' Loans Board (HESLB) in Tanzania. The mission is to manage loans and grants for needy Tanzanian students pursuing higher education. The vision is to become a reliable and sustainable higher education revolving fund. Strengths of the mission include defining the organization's purpose and activities. Weaknesses include the mission being too general and not specifying key activities like managing loan funds and registers. The vision is seen as realistic because it aims to make the organization self-sustaining over time.

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    Group 1 Assignment STG MGT 2022

    Uploaded by

    lomayani letayo
    57 views5 pages
    The document discusses the mission and vision of the Higher Education Students' Loans Board (HESLB) in Tanzania. The mission is to manage loans and grants for needy Tanzanian students pursuing higher education. The vision is to become a reliable and sustainable higher education revolving fund. Strengths of the mission include defining the organization's purpose and activities. Weaknesses include the mission being too general and not specifying key activities like managing loan funds and registers. The vision is seen as realistic because it aims to make the organization self-sustaining over time.

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    Group 1 Assignment Stg Mgt 2022

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    The document discusses the mission and vision of the Higher Education Students' Loans Board (HESLB) in Tanzania. The mission is to manage loans and grants for needy Tanzanian students pursuing higher education. The vision is to become a reliable and sustainable higher education revolving fund. Strengths of the mission include defining the organization's purpose and activities. Weaknesses include the mission being too general and not specifying key activities like managing loan funds and registers. The vision is seen as realistic because it aims to make the organization self-sustaining over time.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    57 views5 pages

    Group 1 Assignment STG MGT 2022

    Uploaded by

    lomayani letayo
    The document discusses the mission and vision of the Higher Education Students' Loans Board (HESLB) in Tanzania. The mission is to manage loans and grants for needy Tanzanian students pursuing higher education. The vision is to become a reliable and sustainable higher education revolving fund. Strengths of the mission include defining the organization's purpose and activities. Weaknesses include the mission being too general and not specifying key activities like managing loan funds and registers. The vision is seen as realistic because it aims to make the organization self-sustaining over time.

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    You are on page 1of 5

    MZUMBE UNIVERSITY

    SCHOOL OF BUSINESS

    PROGRAMME: Msc. (ACCOUNTING & FINANCE)

    COURSE: INTERNATIONAL FINANCIAL MANAGEMENT (FIN 5212)

    TASK: ASSIGNMENT (GROUP 1) CASE 2-1

    LECTURER DR.KIPESHA

    NAMES: REG N0.

    1. IRENE JOHN 31424017/T.21

    2. NOVITHA B. MSAIKY 31424003/T.21

    3. ISMAIL RAJAB KONDO 31424018/T.21

    4. ELIZABETH DONALD 31410045/T.21

    5. YUSTINA AYESHI RAJABU 31424028/T.21

    6. SHEILA B. MBWAMBO 31424021/T.21

    7. SIMON PETER NJOWOKA 31424009/T.21

    8. GODFREY KIDAVA 31410193/T.21

    9. CHAKA MGWENO 42412166/T.21

    10. LOMAYANI LETAYO MOLLEL 42412199/T.21

    s11. ANNAKRA EZEKIEL 42412162/T.21

    12. ISLAM KHATIBU MOHAMED 31424024/T.21

    Qn. Each group should find one local organization and assess the strengths and weaknesses
    of their mission and strategic vision. Tell us if the vision and mission are correct or not
    correct depending on the knowledge you have acquired. The local organization can be
    government or private-owned. (Maximum page numbers 2 excluding cover page and
    appendices). Other instructions for term paper and group assignment are given below.

    1
    Definition of key words

    Mission

    A mission statement is a concise explanation of the organization's reason for existence. It describes the
    organization's purpose and its overall intention. The mission statement supports the vision and serves to
    communicate purpose and direction to employees, customers, vendors and other stakeholders
    A mission statement defines the organization's business, its objectives, and how it will reach these
    objectives. A vision statement details where the organization aspires to go
    Vision
    Is a mental perception of the kind of environment an organisation aspires to create within a broad time
    horizon and underlying conditions for the actualization of the perception.

    Vision

    To become a reliable and sustainable higher education revolving fund.

    Mission

    To manage loans and grants for needy and eligible Tanzanian students for higher tertiary education.

    Strength of HESLB Mission

    1. The mission explains the reasons for existence of the organization and defines current
    Organization activities

    The mission defines the current HESLB activities which involves management of loans and grants for
    needy.

    Higher Education Students’ Loans Board (HESLB) was established under Act No. 9 of 2004 (as
    amended) CAP 178 and commenced operations in July, 2005 in the United Republic of Tanzania. The
    HESLB is Parastatal Organization currently under the Ministry of Education, Science and Technology.
    The objective of the Board is to assist, on a loan basis, needy students who secure admission in
    accredited higher learning institutions, but who have no economic power to pay for the costs of their
    education within and outside the country. The Board is also entrusted with the task of collecting due
    loans from previous loan beneficiaries to have a revolving fund in place to make the Board
    sustainable.

    2. Unique purpose of the business

    The mission statement identifies the unique purpose of the organization which is management
    of loans and grants for needy and eligible Tanzanian students for higher tertiary education

    3. Highlights boundaries of current business

    The mission highlighted the boundaries of its current function by identifying that loans and
    grants are issued to needy and eligible Tanzanian students for higher tertiary education who
    2
    secure admission in accredited higher learning institutions, but have no economic power to pay
    for the costs of their education within and outside the country.

    4. Conveys

    The mission conveys that HELSB is dealing with loans and grants to needy and eligible Tanzanians
    students.

    Where we are now

    1. Company specific, not generic —so as to give a company its own identity

    Weaknesses of the HELSB mission statement

    1. The mission statement is too general; statement should highlight the specific activities that are
    carried by the organization instead of using the word manage. The activities performed are as
    listed below.

     Control and management of all loanable funds as vested in the Board;

     Formulating the mechanism for determining eligible students for payment of loans
    together with administering and supervising the whole process of payment and repayment
    of loan;

     Keeping register and other records of students’ loan beneficiaries under the Board; and

     Advising the Minister on matters of policy and of the law concerning provisions and
    recovery of loans granted

    Strength of HESLB Vision

    The vision statement is realistic meaning that because the organization

    • It should be Realistic:

    • Based on reality to meaningful for organization,

    - Should not be merely day-dreaming, but a dream to be converted into reality

    - Idealistic enough so that it cannot be achieved without stretching

    - Well articulated and easily understood by those who are responsible to convert into practice

    • Firm’s value and philosophy.

    • It communicates shared expectation among employees.


    3
    It communicates a public image to its stakeholders group

    4
    1.2 VISION, MISSION, CORE VALUES AND PRINCIPAL ACTIVITIES

    1.2.1 Vision

    To become a reliable and sustainable higher education revolving fund.

    1.2.2 Mission:

    To manage loans and grants for needy and eligible Tanzanian students for higher tertiary education.

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