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 budgetary 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.

Question

Quizplus · Accepted Answer

A well-conceived and well-stated strategic vision provides a clear communication of management's aspirations for the company to stakeholders and helps steer the energies of company personnel in a common direction. This ensures that everyone in the organization is working towards the same goal, which increases the likelihood of achieving it.

One of the Important Benefits of a Well-Conceived and Well-Stated