BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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determine your priorities, and, deep down roots, they’re the guidelines you use to make decisions.
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defines the company’s business, its objectives, and its approach to reach those objectives.
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describes the desired future position of the company
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is an observable behavior that indicates the presence of a particular value.
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Detailed explanation-1: -A Mission Statement is a definition of the company’s business, who it serves, what it does, its objectives, and its approach to reaching those objectives. A Vision Statement is a description of the desired future state of the company. An effective vision inspires the team, showing them how success will look and feel.
Detailed explanation-2: -Mission is a general statement of how you will achieve your vision. Strategies are a series of ways of using the mission to achieve the vision. Goals are statements of what needs to be accomplished to implement the strategy. Objectives are specific actions and timelines for achieving the goal.
Detailed explanation-3: -A company mission statement establishes a clear understanding of your company’s purpose and what it delivers to customers. A company mission statement is an action-based statement that declares the purpose of an organization and how they serve their customers.
Detailed explanation-4: -A mission statement explains the company’s purpose and focus, while objectives outline a path for achieving the mission.
Detailed explanation-5: -Companies can benefit from having a mission statement. First, it outlines a company’s goals and position in the industry for its customers, competitors, and other stakeholders. It also helps the organization focus and stay on track to make the right decisions about its future.