ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
GLOBALIZATION AND ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The process of guiding employees while they work.
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Long range objectives based on long-term goals.
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A animal at the zoo.
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primary direction and core values by which a company functions
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Detailed explanation-1: -Core values are broad statements that guide your employees, identifying right and wrong, good and bad, and how to interact with each other and with customers. Guiding principles, on the other hand, are more specific in how they guide the organization through everything it does. They are more prescriptive in nature.
Detailed explanation-2: -A good mission statement should only focus on what is most important to the organization. It should be brief, clear, informative, simple and direct. It should avoid elaborate language, clichés, and generalizations and it should emphasize outcomes and the people the organization is serving.
Detailed explanation-3: -A values statement lists the core principles that guide and direct the organization and its culture. In a values-led organization, the values create a moral compass for the organization and its employees. It guides decision-making and establishes a standard against which actions can be assessed.
Detailed explanation-4: -Mission and vision statements define where you’re going, but core values are all about what you are. What are the defining features of your company and how you operate? These values support your vision and shape your company culture.