Question: How can a company's vision statement lead to its ability to gain and sustain a competitive advantage? A truly meaningful and inspiring purpose - driven

How can a company's vision statement lead to its ability to gain and sustain a competitive advantage? A truly meaningful and inspiring purpose-driven vision statement can make employees feel part of something bigger, which can be highly motivating. When employees are motivated, a positive financial performance tends to follow, but the success runs deeper than just higher profits.
This exercise is important because it compares and contrasts the strategic implications of product-oriented and customer-oriented vision statements and how a compelling vision statement can lead to organizational success.
The goal of this exercise is for you to demonstrate your understanding of the differences between customer-oriented and productoriented vision statements.
After reading about customer-oriented and product-oriented vision statements, complete the following exercise by matching the company to its correct vision statement type.
2. Uber: Transportation as reliable as running water, everywhere for everyone.
Customer Oriented Vision Statement v
3. Apple - To bringing the best user experience to its customers through its innovative hardware, software, and services (Click to select)
4. I inkedin - To connect the world's professionals and make them more productive and successful.
5. Warby Parker - To offer designer eyewear at a revolutionary price, while leading the way for socially conscious businesses. (Click to select)
6. Amazon: To be Earth's most customer-centric company, where customers can find and discover anything they might want to buy online.
(Click to select)
 How can a company's vision statement lead to its ability to

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!