BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Answers the basic question; “what is our business?”
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How and when to improve the organization
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The achievement of objectives
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A statement that answers the question, “what do we want to become?”
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Detailed explanation-1: -A vision statement is different. It’s what your organisation wants to become – how the future will look if you achieve your mission. Its purpose is to motivate external people to work with you. Sometimes Mission and Vision are combined to provide a statement of the company’s Ambition-its purpose, goals and values.
Detailed explanation-2: -A vision statement is an organization’s declaration of its mid-term and long-term goals, stating what they want to become in the future. Vision statements act as a goal for a company to strive toward. Vision statements are often confused with mission statements.
Detailed explanation-3: -A vision statement should answer the basic question, “What do we want to become?"
Detailed explanation-4: -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-5: -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.