BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

STRATEGIC MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Only a clear definition of the mission of the organization makes possible clear and realistic business objectives.
A
True
B
False
Explanation: 

Detailed explanation-1: -An organizational mission, also known as a mission statement, is a brief, broad statement about an organization’s goals and how it intends to meet those goals. It often addresses what the organization offers and how it hopes to serve its customers, community, employees, investors or other stakeholders.

Detailed explanation-2: -A clear mission statement tells potential and existing customers what to expect from you and can provide your employees with direction, inspiration, and focus.

Detailed explanation-3: -It summarizes what the company does and why. It also sets out how the company conducts its business and identifies key stakeholders, such as shareholders, customers and employees. A mission statement helps employees understand where their contribution fits into the company’s objectives.

Detailed explanation-4: -The vision and mission statements define the purpose of the organization and instill a sense of belonging and identity to the employees. This motivates them to work harder in order to achieve success. It gives the right mindset to grow business.

There is 1 question to complete.