The difference between the concept of a company mission statement and the concept of a strategic vision is that
A) a mission statement typically concerns a company's present business scope ("who we are and what we do") ,whereas the principal concern of a strategic vision is with the company's future business scope (long-term direction and future product-customer-market-technology focus) .
B) the mission is to make a profit,whereas a strategic vision concerns how to attract customers.
C) a mission statement deals with what to accomplish on behalf of shareholders and a strategic vision concerns what to accomplish on behalf of customers.
D) a mission statement concerns what to do to achieve short-run objectives and a strategic vision concerns what to do to achieve long-run performance targets.
E) a mission statement deals with "where we are headed," whereas a strategic vision provides the critical answer to "how will we get there."
Correct Answer:
Verified
Q29: A company's values concern
A) whether and to
Q34: The primary managerial purpose of setting objectives
Q35: Crafting strategy requires
A)a collaborative effort that includes
Q37: A company's core values typically do not
Q38: A company needs performance targets or objectives
A)for
Q40: Which of the following is the best
Q41: Business strategy concerns
A)strengthening the company's market position
Q42: Operating strategies primarily entail
A)how best to implement
Q43: When things are not going well,the corrective
Q44: Proficient strategy execution
A)directly involves only the CEO
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents