Ashford MGT450 week 1 quiz

Ashford MGT450 week 1 quiz


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Asked by 2 years ago
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1.

Question :

The difference between the concept of a company mission statement and the concept of a strategic vision is that

Student Answer:

a mission statement typically concerns a company's present business scope ("who we are and what we do") whereas the principal concern of a strategic vision is with the company's long term direction and future product-customer-market-technology focus.

the mission is to make a profit, whereas a strategic vision concerns how to attract customers.

a mission statement deals with what to accomplish on behalf of shareholders and a strategic vision concerns what to accomplish on behalf of customers.

a mission concerns what to do to achieve short-run objectives and a strategic vision concerns what to do to achieve long-run performance...

Ashford MGT450
Ash

1 Answer

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Answered by 2 years ago
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Ashford MGT450 week 1 quiz

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Excerpt from file: 1. Question: Thedifferencebetweentheconceptofacompanymission statementandtheconceptofastrategicvisionisthat StudentAnswer: amissionstatementtypicallyconcernsacompanyspresent businessscope(whoweareandwhatwedo)whereasthe principalconcernofastrategicvisioniswiththecompanyslong

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Asked: 2 years ago

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