A well-written vision statement is precise and particular to the firm. True or false
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A well-written vision statement is precise and particular to the firm.
True or false
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- Opportunities and threats are: a) identified as part of the firm's tactical planning process. b) factors that are external to the firm but can still affect its performance C) factors that are internal to the firm and those over which the firm has a great deal of control. d) dealt with primarily in a furm's operational planning process.A test of a good mission statement is its ability to pass the “person on a bus test.” In other words, an average person can identify the company after reading its mission statement. “The X company is to inspire and nurture the human spirit-one person, one cup and one neighbourhood at a time.” Assume you have all the necessary information that you need to prepare the write-up by answering the following questions: Does the statement give a portrait of the company capturing the organisation’s culture?Vision – is a more realistic overview of the company’s aim and ambition. Why does the company exist? What does it aim to achieve through its existence? Select one: True False
- Which of the following statements is true of a strategic goals? A)they Must be defined in Broad nonnumerical terms b)they must be easy to achieve c) they must encourage accountability and responsibility by illuminating the concept of deadlines d) they must tied directly to a firms competitive positionThe executive summary of a business plan should highlight significant financial and operational events. * False O True O OA mission statement is different than a value statement. True False
- 21) It is the core executive team, CEO, COO, and CTO, that makes decisions on strategy. True or False? True FalseManagement Effective planning is the compass that navigates the course of success in any endeavor. It's the meticulous process of outlining objectives, envisioning strategies, and organizing resources to achieve a desired outcome. Whether in personal aspirations or professional pursuits, a well-crafted plan serves as a roadmap, providing direction, structure, and clarity amidst uncertainty. It involves assessing risks, anticipating challenges, and devising contingencies to adapt to unforeseen circumstances. Ultimately, planning isn't just about setting goals, it's about orchestrating the steps needed to turn those goals into reality. How do you prioritize tasks when planning to ensure that the most important ones get the attention they deserve?ESSAY: In 300 words, give at least 2 importance of conducting a Strategic Audit.
- A vision clarifies the purpose of the organization and expresses what it hopes to be in the future. * True Falseare developed and used to implement strategic plans. * Tactical plans. O Visions. O Operational plans. Missions.Write a business plan based on the above. The name of the business, the product/services offered and the picture of business logo. Must be dated and Address of business present and business tell numbers presented