The managerial task of developing a strategic vision for a company:
A) concerns deciding what approach the company should take to implement and execute its business model.
B) entails coming up with a fairly specific answer to "who are we,what do we do,and why are we here?".
C) is chiefly concerned with addressing what a company needs to do to successfully outcompete rivals in the marketplace.
D) involves deciding upon what strategic course a company should pursue in preparing for the future and why this directional path makes good business sense.
E) entails coming up with a persuasive storyline of how the company intends to make money.

Question

Quizplus · Accepted Answer

Developing a strategic vision for a company involves deciding upon what strategic course a company should pursue in preparing for the future and why this directional path makes good business sense. It is about creating a roadmap for the future of the company that takes into account its goals, strengths, weaknesses, opportunities, and threats in the marketplace. While the other options may be part of the process, option D is the most comprehensive and accurate description of the managerial task of developing a strategic vision for a company.

The Managerial Task of Developing a Strategic Vision for a Company