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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It was the first contract for a black orchestra
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It was the highest paid amount given to any orchestra
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It allowed for more musicians to join the company
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To help guide the direction and goals for your company.
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Detailed explanation-1: -A vision statement is important to a company because it serves as a strategic plan for success. It can act as a guide when employees encounter challenges. Vision statements also help motivate employees to work toward shared goals.
Detailed explanation-2: -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.
Detailed explanation-3: -Having a vision provides a sense of purpose and direction for the business. Your vision will help you define your short and long-term goals, and guide the decisions you make along the way. “A leader has the vision and conviction that a dream can be achieved. He inspires the power and energy to get it done.”
Detailed explanation-4: -A vision statement is a declaration of an organization’s purpose, goals and desired outcomes. This statement helps stakeholders envision what the organization will look like in the future, providing them a direction to move toward when planning and implementing business strategies.