Multiple Choice
The real purpose of the company's strategic vision
A) lays out how management plans to implement and execute a profitable business model.
B) describes what business the company is presently in and why it has chosen certain operating practices to meet the needs of customers.
C) serves as management's tool for giving the organization a sense of direction.
D) defines "who we are and what we do."
E) spells out a company's strategic intent, its strategic and financial objectives, and the business approaches and operating practices that will underpin its efforts to achieve sustainable competitive advantage.
Correct Answer:

Verified
Correct Answer:
Verified
Q5: Perhaps the most important benefit of a
Q6: Crafting a company's strategy is best described
Q7: Explain and provide an example of unsuccessful
Q8: A well-conceived strategic vision helps prepare a
Q9: Strategy-making is<br>A)primarily the responsibility of key executives
Q11: The strategy-making, strategy-executing process is shaped by<br>A)management's
Q12: The task of crafting a company's strategy
Q13: An effectively worded strategic vision statement is
Q14: Managers can deliberately set challenging performance targets
Q15: Six years after its founding, in 2009,