BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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vision statements
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mission statements
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strategic objectives
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operational objectives
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Detailed explanation-1: -Some excellent examples of mission statements are: “To be the happiest place on Earth” (Disney), and “restoring patients to full life” (Medtronic). Organizational goals and objectives should be vague in order to allow changes in strategy.
Detailed explanation-2: -Vision statement: To be Earth’s most customer-centric company; to build a place where people can come to find and discover anything they might want to buy online. This statement communicates that Amazon wants to provide customers with anything they might want.
Detailed explanation-3: -It’s comprised of three parts: what you do, how you do it, and why you do it. A vision statement outlines the company’s long-term goals and aspirations for the future in terms of its long-term growth and impact on the world.