Exam 4: Developing Mission, Vision, and Values

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Who are organizational stakeholders

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Stakeholder analysis may also enable managers to identify other parties that might support well-formulated strategies.

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All of the following describe "lateral" EXCEPT:

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Organizational design is used to match the form of the organization as closely as possible to the vision of the organization.

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The strategy should flow directly from the mission, since the strategy is intended to achieve the mission and satisfy the organization's vision.

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How are shareholders affected by a firm's strategies?

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What is SCAMPER

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What are the three steps in identifying stakeholders

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The strategy is how the firm aims to realize its ____________ and ___________.

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Managers develop mission and vision statements not only to clarify the organization's larger purpose, but to meet or exceed the needs of its key ________________.

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One key stakeholder group is comprised of the CEO and members of the top-management team.

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______________ reflects stakeholder's relative power over and within an organization

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________________ govern the organization through guidelines, procedures, and policies.

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______________, as viewed in business, refers to intense, driving, or overmastering feelings or convictions.

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Lateral thinking can generate completely new concepts and ideas, and brilliant improvements to existing systems.

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Human resources management alignment means:

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Mission and vision communicate the organization's values and purpose.

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Consciously creating an environment where passion is both encouraged and developed starts at the top through the communication of mission and vision.

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Mission and vision both relate to an organization's purpose and are typically communicated orally.

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What is an example of the investment type of creativity the text discusses

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