Solved

The Difference Between the Concept of a Company Mission Statement

Question 39

Multiple Choice

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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents