Firms with clearly communicated, widely understood and collectively shared mission and vision have been shown:
A) To create and advance technology
B) Embrace diversity
C) Perform better than those without them
D) Employ a smarter workforce

Question

Quizplus · Accepted Answer

Firms with clearly communicated, widely understood and collectively shared mission and vision have been shown to perform better than those without them. A common understanding of the company's goals helps ensure that all employees are working toward a common goal and can lead to greater productivity and success. A and D may be beneficial outcomes of having a clear mission and vision, but they are not the primary reason why firms with these qualities perform better. B is not necessarily a result of a clear mission and vision, but rather a separate goal that a company may choose to pursue as part of its values or mission.

Firms with Clearly Communicated, Widely Understood and Collectively Shared Mission