An effectively worded strategic vision statement is not likely to be
A) directional (is forward-looking, describes the strategic course that management has charted that will help the company prepare for the future) .
B) easy to communicate (is explainable in 5-10 minutes, and can be reduced to a memorable slogan) .
C) graphic (paints a picture of the kind of company management is trying to create and the market position(s) the company is striving to stake out) .
D) consensus-driven (commits the company to a "mainstream" directional path that almost all stakeholders will enthusiastically support) .
E) focused (provides guidance to managers in making decisions and allocating resources) .
Correct Answer:
Verified
Q2: When companies adopt the strategy-making and strategy-execution
Q3: The strategy-making, strategy-executing process is shaped by
A)management's
Q4: The five basic tasks of the strategy-making,
Q5: An integral part of the managerial process
Q6: Integral parts of the managerial process of
Q7: One of the important benefits of a
Q8: An unlikely, inaccurate feature of an organization's
Q9: Characteristics of an effectively worded strategic vision
Q10: A strategic vision constitutes management's view and
Q11: The managerial task of developing a strategic
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