AN ORGANIZATION'S VISION STATEMENTA) IS A CONSTANT REMINDER TO ITS...

85) - TEST BANK FOR STRATEGIC MANAGEMENT A COMPETITIVE ADVANTAGE APPROACH 14TH EDITION BY DAVID
TEST BANK FOR STRATEGIC MANAGEMENT A COMPETITIVE ADVANTAGE APPROACH 14TH EDITION BY DAVID
85) An organization's vision statementA) is a constant reminder to its employees of why the organization exists.B) broadly charts the future direction of an organization.C) addresses the basic question: "What is our business?"D) answers the question: "What do we want to become?"E) none of the aboveAnswer: DDiff: 1 Page Ref: 10Objective: 1.03 Define and give examples of key terms in strategic management.Learning Outcome: Discuss the functions of vision statements, mission statements, and long-term corporate objectives