What is the difference between a company's mission statement and its strategic vision? A. A mission statement deais with "where we're headed," whereas a serategic vision provides the critical answer to "how will we get there?". B. A mirsesion statement typically concerns a company's present business scope, whereas the principal concem of a strategic vision is the comparyys iong-term aspiratinns: C. A mission statement deals with what to accomplish on behalf of shareholders, Whereas a strategic vision concems what to accomplish on behalf of cuslomers. D. A mission stafement is always to make a profit, whereas a strategic visian concerns what thesiness model to employ in striving to make a proft. Which of the following is a correct description of the process of crafting a strategy? A. Trying to imitate as much of the market leader's strategy as possible so as not to end up at a competive disadvantage 8. Stichind together a proactive strategy and then adapting it as circurnstances surrounding the company's situation change or beter options emeige C. Devefoging a five-year strategic plat and then fine-funind it during the remainder of the pfan period; big changes in strategy are thus made only once every five yeart D. Doing everything possible (in the way of price, quality, service, warrantiess, advertising, and so on) to make sure the company's produclsersice is dearly differentated nthe otterings of rivals A strategic vision constitutes management's view and conclusions about the company's A. justification of why the business will be a moneymaker. B. business model and the kind of value that it is trying to deliver to customers. C. Iong-term direction and what product-market-customer mix seems optimal. D. past and present scope of work