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which of the following statements about the role and purpose of developing a strategic vision statement is inaccurate: O A forward-looking and clearly articulated strategic
which of the following statements about the role and purpose of developing a strategic vision statement is inaccurate:
O A forward-looking and clearly articulated strategic vision communicates management's aspirations to stakeholders and helps steer the energies of company personnel in a common direction For a strategic vision statement to serve a valuable managerial purpose, it must lay out top executive thinking about the company's long-term direction (where we need to be headed"). A strategic vision thus points an organization in a particular direction, charts a strategic path for it to follow in preparing for the future, and molds organizational identity A strategic vision delineates management's aspirations for the company, providing a panoramic view of "where we are going" and a convincing rationale for why this makes good business sense The managerial purpose of a strategic vision statement is to provide general guidance for what kinds of strategic initiatives and business approaches the company will consider in crafting its strategy and executing its business modelStep by Step Solution
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