One of the important benefits of a well-conceived and well-stated strategic vision is to:
A) clearly delineate how the company's business model will be implemented and executed.
B) clearly communicate management's aspirations for the company to stakeholders and help steer the energies of company personnel in a common direction.
C) set forth the firm's strategic objectives in clear and fairly precise terms.
D) help create a "balanced scorecard" approach to objective-setting and not stretch the company's resources too thin across different products,technologies,and geographic markets.
E) indicate what kind of sustainable competitive advantage the company will try to create in the course of becoming the industry leader.
Correct Answer:
Verified
Q3: Which of the following are integral parts
Q6: Which of the following are characteristics of
Q10: Which one of the following is NOT
Q12: The managerial task of developing a strategic
Q13: The defining characteristic of a well-conceived strategic
Q14: Which of the following tasks of the
Q15: Which one of the following is NOT
Q18: Which one of the following questions is
Q21: The managerial purpose of setting objectives includes:
A)
Q38: Breaking down resistance to a new strategic
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents