What is likely to happen if a mission or vision statement is implemented during troubled times for a firm?

Question

Quizplus · Accepted Answer

Implementing a clear and focused mission or vision statement can provide direction during troubled times for a firm, helping to rally employees and stakeholders around a shared purpose. By providing a sense of direction and purpose, implementing such statements can encourage employees and managers to take a more disciplined approach to decision-making, communicate more effectively, and work together more effectively to achieve the firm's goals. As a result, the firm may experience a reversal in the decline of profitability, or at least a slowing of the decline.

What Is Likely to Happen If a Mission or Vision