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 purposedriven 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 productoriented and customeroriented 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 customeroriented and productoriented vision statements.
After reading about customeroriented and productoriented vision statements, complete the following exercise by matching the company to its correct vision statement type.
Uber: Transportation as reliable as running water, everywhere for everyone.
Customer Oriented Vision Statement
Apple To bringing the best user experience to its customers through its innovative hardware, software, and services Click to select
I inkedin To connect the world's professionals and make them more productive and successful.
Warby Parker To offer designer eyewear at a revolutionary price, while leading the way for socially conscious businesses. Click to select
Amazon: To be Earth's most customercentric company, where customers can find and discover anything they might want to buy online.
Click to select
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
