The difference between the concept of a company mission statement and the concept of a strategic vision is that
A) a mission statement typically concerns a company's present business scope ("who we are and what we do") whereas the principal concern of a strategic vision is with the company's future business scope (long term direction and future product-customer-market-technology focus) .
B) the mission is to make a profit,whereas a strategic vision concerns how to attract customers.
C) a mission statement deals with what to accomplish on behalf of shareholders and a strategic vision concerns what to accomplish on behalf of customers.
D) a mission concerns what to do to achieve short-run objectives and a strategic vision concerns what to do to achieve long-run performance targets.
E) a mission statement deals with "where we are headed" whereas a strategic vision provides the critical answer to "how will we get there."
Correct Answer:
Verified
Q3: Management's strategic vision for an organization
A)charts a
Q6: Top management's views about where the company
Q9: Which of the following is an integral
Q10: A company's mission statement typically addresses which
Q12: Effectively communicating the strategic vision down the
Q15: Which one of the following is not
Q15: The strategy-making,strategy-executing process
A) is usually delegated to
Q16: Which of the following are common shortcomings
Q17: Well-conceived visions are
A) distinctive.
B) specific to a
Q18: When a company is confronted with significant
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