BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Vision statements should be written from a customer perspective.
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Vision statements should do more than identify the product/service a firm offers.
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Vision statements should answer the question “What is our mission?”
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firms should develop a vision statement before a mission statement.
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Detailed explanation-1: -A vision statement does not explain how the initiative will reach its objectives, because objectives are a process of strategic planning.
Detailed explanation-2: -What are mission and vision statements? A mission statement defines the organization’s business, its objectives, and how it will reach these objectives. A vision statement details where the organization aspires to go. Why does your company exist?
Detailed explanation-3: -A vision statement should answer the basic question, “What do we want to become?"
Detailed explanation-4: -Definition and Examples of a Mission Statement It answers the question, “Why does our business (or nonprofit or government agency) exist?” The mission statement articulates the company’s purpose both for those in the organization and for the public.