Today's visionary organization uses three key elements: (1)specify its foundation; (2)set a direction; and (3)__________.
A) set financial goals
B) assign job responsibilities
C) formulate its strategies
D) establish production parameters
E) establish detailed marketing tactics

Question

Quizplus · Accepted Answer

The third key element for a visionary organization is to formulate its strategies. This involves developing a plan of action that will enable the organization to achieve its goals and objectives. While financial goals, job responsibilities, production parameters, and marketing tactics are important, they are all examples of specific strategies that would fall under the broader category of formulating strategies.

Today's Visionary Organization Uses Three Key Elements: (1)specify Its Foundation;