32 - Which of the following is the type of organizational strategy that clearly defines what jobs a business has and what it wants to do? A) Competitive strategy B) Renewal strategy C) Company strategy D) Mission and vision E) Stability strategy
32 - Which of the following is the type of organizational strategy that clearly defines what jobs a business has and what it wants to do? A) Competitive strategy B) Renewal strategy C) Company strategy D) Mission and vision E) Stability strategy
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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32 - Which of the following is the type of organizational strategy that clearly defines what jobs a business has and what it wants to do?
A) Competitive strategy
B) Renewal strategy
C) Company strategy
D) Mission and vision
E) Stability strategy
Expert Solution
Step 1
Answer : OPTION D ( Mission and vision)
Explanation:
In a mission statement, the company's business, its goals, and its strategy for achieving those goals are described in detail. According to the Vision Statement, the firm wants to be in a certain position in the future. A company's purpose, aims, and values are typically expressed in a mission and vision statement that combines elements of both.
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