In 2015, Hanson Services set a vision of entering a new area of business that would increase revenue by 25% over the next five years. The end of the year, reports for 2020 show that Hanson was successful in entering the new area of business and that they had increased revenue by 30% as a result. Given that the vision has been accomplished, what would Hanson Services need to do before they can create a master budget for the next year?
A) Hanson Services would simply update the new sales budget for the next year.
B) Hanson Services would need to decide where it wants to go next and update its mission and vision statements to reflect their new purpose and destination.
C) Hanson Services would not need to make any changes.
D) Hanson Services would update the measures and targets to reflect the 30% increase in revenue.

Question

Quizplus · Accepted Answer

As the vision reflected a goal to be accomplished in the future and drives the mission until it is realized, once the vision has been accomplished, both the mission and vision would need to be updated to reflect new purposes and objectives.

In 2015, Hanson Services Set a Vision of Entering a New