MULTIPLE CHOICE (CHOOSE ONE ANSWER)

QUESTION 1

1. According to Hellriegel et al. (2023:161 | 2017:172), a company's vision statement should answer the questions: 'Where do we want to be or what kind of organization do we want to be at some time in the future?' By analysing SPUR CORP.'s vision statement (https://spurcorporation.com/who-we-are/vision-values-purpose/), do you agree that their vision answers these questions?

A - No, I disagree. Their vision states who they are, rather than what they want to become in future

B - No, I disagree. Their vision looks more like their unique selling point than a vision.

C - Yes, I agree. It is clear that they have a passionate workforce that grows their brands.

D - Yes, I agree. It is clear that they have a vision of further growth in the future.

QUESTION 2

2.1. Mission:

• Bringing people together over great food. Our business exists to provide fun, memorable experiences over great food for the young and old.
• Our restaurants provide a warm, family-friendly environment with a social atmosphere that allows customers of all ages to relax and enjoy our generous, value-for-money portions of great-tasting food, all served with a smile!
• We are committed to providing our customers with outstanding products (food) and excellent service in exciting, vibrant surroundings.
• We promise a consistently excellent experience no matter which outlet our customers visit

By evaluatingSPUR CORP's mission statement above, do you agree that they adhere to all four mission statement components (Hellriegel et al., 2023:161 |2017:172)?

A - Yes, all four components are portrayed in their mission statement.

B - Mostly. Their core strategies are not clearly portrayed in their mission statement.

C - To a lesser extent. They only focus on their core purpose and their core values in their mission statement.

D - No. Only their core purpose is clearly portrayed in their mission statement.

QUESTION 3

SPUR CORP's long-term financial sustainability will determine how they address and manage social and environmental risks, opportunities, legislative requirements and best practices in the whole group(https://www.spurcorporation.com/governance-sustainability/environment/)AND (https://spurcorporation.com/?s=sustainability). In this regard, which one of the following strategic objectives would not only be meaningful andserve as a guide for the strategic formulation but will also fashion the basis for strategic evaluation in a post-Covid-era (Hellriegel et al., 2023:165|2017:177)?

A - To gain a competitive advantage in the market by focusing on our core business ventures.

B - To enhance our international presence by at least 5% in Australasia within the next year.

C - To increase our financial returns across the group from 15% to 25% over the next five years.

D - To increase restaurant turnover by 10% over the next two years.

PLEASE DO NOT IGNORE LINKS!!!! THANKS