Mission statements tend to vary in their length, their language, and even their names, but they share a common goal: to provide a clear, long-term focus for the organization. () a) True b) False
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- What are the benefits of a well-defined mission and vision statement, and a potential disadvantage if those statements do not exist in writing?An example whereby written statements are not necessary, and an example where they are critical.What are the benefits of a well-defined mission and vision statement, and potential disadvantages if those statements do not exist in writing? Provide one example for each of the following scenarios (hypothetical or actual): An example whereby written statements are not necessary, and an example where they are critical.A test of a good mission statement is its ability to pass the “person on a bus test.” In other words, an average person can identify the company after reading its mission statement. “The X company is to inspire and nurture the human spirit-one person, one cup and one neighbourhood at a time.” Assume you have all the necessary information that you need to prepare the write-up by answering the following questions: Does the statement identify the values linked with the organisation’s purpose and act as beliefs with which employees can feel proud?
- Panda Sunglasses: How Should a Start-Up Business with a Social Mission Market Its Sunglasses with Bamboo Frames? Write and Executive summary that will provide the reader with basic background information on the Case, the purpose of the assignment, specifics from the results of your analysis, and recommendations.A test of a good mission statement is its ability to pass the “person on a bus test.” In other words, an average person can identify the company after reading its mission statement. “The X company is to inspire and nurture the human spirit-one person, one cup and one neighbourhood at a time.” Assume you have all the necessary information that you need to prepare the write-up by answering the following questions: Does the statement give a portrait of the company capturing the organisation’s culture?A well-written vision statement is precise and particular to the firm. True or false
- Good strategy aligned with good strategy execution: Group of answer choices A,.is a more important management function than forming a strategic vision and mission. B. is the clearest indicator of overall good management. C.offers a surefire guarantee for avoiding weak financial performance. D.is the best sign that a company has one true leader.Which of the following best describes vision? a. visions can help create competitive advantage if the vision is costumer-oriented. b. visions states how the mission will be accomplished c. vision is the moral principles to guide employee behavior. d. none of the aboveA business plan or pitch should be used as a tool for: a. Planning the required steps for the company to bring its product to market and become financially viable b. Declaring and monitoring important goals, according to a specific timetable c. Framing and guiding communications, both internally and externally d. All of the above
- When a company said in its mission “serve the best interests of shareowners, customers, and employees”: this indicates that the company used a …………………..mission statement. Select one: a. Distinctive b. Feasible c. Broad d. Narrow e. All the mentioned options are wrongWrite two to four sentences setting forth the long-term direction and strategic path that management intends to follow. The statement should clearly articulate your answer to "Where we are headed?" and should explain why the direction in which you intend to point the company makes good business sense. Your strategic vision statement should describe the kind of company that management is trying to create and the market position you are trying to stake out. You may want to summarize the essence of your strategic vision with a phrase or company slogan.SECTION B – TRUE/FALSE QUESTIONS1. Strategic leadership is a leader's ability to anticipate, envision, maintain flexibility, think strategically, and work with others to initiate changes that will create a viable future for the organization.a. Trueb. False2. Ultimately, strategic leadership is the responsibility of the CEO and top management.a. Trueb. False3. The link between leadership and strategy is a new concept but quickly becoming accepted.a. Trueb. False4. Strategic leadership is the set of decisions and actions used to formulate and implement specific strategies that will achieve a competitively superior fit between the organization and itsenvironment, so as to achieve organizational goals.a. Trueb. False5. Ultimately, organizational change is about changing the profit margin of the organization.a. Trueb. False6. An organization's external environment presents strengths and weaknesses, while it internal environment presents opportunities and threats.a. Trueb. False7. The…