GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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are the guidelines that direct employees’ behavior
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describe the reason businesses exists and what they want to accomplish
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are written explanations of how specific business ideas will be carried out
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are the principles of conduct governing an individual or group
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Detailed explanation-1: -A Mission Statement is a definition of the company’s business, who it serves, what it does, its objectives, and its approach to reaching those objectives. A Vision Statement is a description of the desired future state of the company. An effective vision inspires the team, showing them how success will look and feel.
Detailed explanation-2: -Companies can benefit from having a mission statement. First, it outlines a company’s goals and position in the industry for its customers, competitors, and other stakeholders. It also helps the organization focus and stay on track to make the right decisions about its future.
Detailed explanation-3: -A business’s mission or mission statement describes why it exists and what its business model is supposed to accomplish. If carefully written and used properly, a mission statement can articulate a business’s overarching priorities and act as its financial and moral compass.
Detailed explanation-4: -The vision statement describes where the organization wants to be in the future; the mission statement describes what the organization needs to do now to achieve the vision. The vision and mission statements must support each other, but the mission statement is more specific.
Detailed explanation-5: -A mission statement provides an ideal vision for the company’s future and directs its growth. Mission statements encourage employees to think about how their actions will impact future business success and positive company culture.