BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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all strategic directions of the organization
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a brief statement of the company’s direction
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strategic posturing and future objectives
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financial objectives and projected figures
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Detailed explanation-1: -An effective vision statement sets an abstract yet challenging goal. The goal should not be stated too concretely (e.g., “to build a new building”) but rather at a higher level of abstraction (e.g., “to create beautiful living spaces”).
Detailed explanation-2: -A vision statement provides a brief description of a company’s long-term goals. It’s typically ambitious and communicates how the company plans to make a difference in the world. Think of it as a roadmap for making decisions that align with your company’s philosophy and objectives.
Detailed explanation-3: -Keep it short-max 2 sentences. Your vision statement should be punchy and easy to remember. Make it specific to your business and describe a unique outcome that only you can provide. Write it in the present tense.
Detailed explanation-4: -A vision statement characterizes the companies strategy. It keeps employees and employers motivated and inspired towards achieving the common goal. Hence, option (A) is true. A vision statement of a company concentrates on the future.