Question: Please answer all 4 and I WILL THUMBS UP! Which of the following are characteristics of an effectively-worded strategic vision statement? Imaginative, market-driven, totally ethical,



Which of the following are characteristics of an effectively-worded strategic vision statement? Imaginative, market-driven, totally ethical, and globally-oriented Feasible, memorable, makes good business sense, and has some wiggle room Unique, inspiring, achievable within 5 years, and completely ethical Flexible, ethical, not overly narrow, and appealing to investors Customer-driven, hard to copy, short (no longer than 2 sentences), and realistic Which of the following is the best example of a well-stated strategic objective? Increase total annual profits to an amount higher than the 2020 industry average Within 2 years, achieve costs per unit sold that are 10% below the current industry average of $4.75 per unit Improve employee job satisfaction by 5% over the next several years Identify more than 25 potential new foreign suppliers within 12 months Be among the companies having the five highest market shares in the industry Business strategy, as distinct from corporate strategy, concerns Copyright 'O by Glo-Bus Software, Ine. Copying, distribiting, or Jrd party wobeile posting isexpresely prohbitod and constitifes copynght vetation. the actions, approaches, and practices to be employed in managing particular functions o business processes or key activities within a given line of business. choosing the most appropriate strategic intent for a specific line of business. the actions and approaches being employed to produce successful performance in one specific line of business. selecting which new businesses to enter, which existing businesses to get out of, and which existing businesses to remain in. choosing what customer value proposition to employ. A company's values, or core values, concern Coppight' 'O by Glo-Bus Soltwave, inc. Copying, ditinbuting, or Ind parfy webete posting iscopressby prohbited and constitutes copyight volution. the beliefs and operating principles built into the company's "balanced scorecard" for measuring performance. the beliefs, principles, and ethical standards that are incorporated into the company's strategic intent and business model. how it will balance the pursuit of high profits against the pursuit of pleasing customers. the beliefs, traits, and behavioral norms that company personnel are expected to display in conducting the company's business and pursuing its strategic vision and mission. how it will balance the pursuit of high profits against the pursuit of high ethical standards
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