QUESTION 2: b) Explain the importance of the mission statement‚ the vision and the goal of an organization A mission statement defines what an organization is‚ why it exists‚ its reason for being. It helps guide the actions of the organization‚ spell out its overall goal‚ provide a path‚ and guide decision-making. A vision statement is a description of a company’s values and its long-term goals. It helps an organization prepare for the future. A goal is an observable and measurable end result
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all of the following EXCEPT: A. Examining a company’s strengths and weaknesses B. Determining which of an organization’s goals to pursue C. Relying Solely on managerial input D. Allocating resources to purse goals Question Two: A company’s mission statement would answer which of the following questions? A. How are we different from our competitors? B. What do we make? C. Why do we exist? D. What will our company be doing in 10 years? Question Three: All of the following are considered noncontrollable
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An Eye on Hope Miracles do happen. Don’t believe me? Ask that boy whose eyes would finally be able to see how the face of his mother is much more beautiful than even that angelic face that he had always imagined while listening to the lullabies she sang for him or how his cricketing hero actually looks like or how his kingdom of sand – that the world calls as a playground - actually bore the signs of his footsteps or how the faces of his friends‚ who cheered for him for being specially-abled or
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will include my mission and vision guiding principles. Mission Statement The goal in a mission statement is define the strategic planning of a company. The company mission statement describes “the company’s product‚ market‚ and technological areas of emphasis in a way that reflects the values and priorities of the strategic decision maker (Pearce & Robinson‚ 2009 p. 12). The mission statement says who we are and what we do. In the Christian Internet/Café organization the mission is to have customers
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1. A decision is a choice made between two or more alternatives. 2. A significant decision can have a large impact on the management system itself as well as the manager who makes them. Insignificant decisions affect only a small number of company members‚ costing very little to carry out and producing only a short term effect on the company. 3. Night club managers would have to make programmed and non-programmed decisions while working. Traditionally they would make decisions out of
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Mission Statement: Level 1 Founded in 1962‚ Wal-Mart has continued to uphold its mission statement of “Save Money. Live Better.” Wal-Mart shows commitment and appreciation to its customers by valuing them through everyday low prices. Customers can trust Wal-Mart because of their low price guarantee. Building a relationship with customers is an essential part of Wal-Mart’s mission because it allows them to meet their customers’ expectations and provide superior customer service. In return of the
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Question: ________ serve as a baseline for actions and decision making and guide employees in the organization’s intentions and interests. Your Answer: Values Correct Question: A company’s ____________ is its primary reason for existence. Your Answer: mission Correct Question: The primary resource of all organizations is ____________. Your Answer: employees Incorrect Question: Organizational climates are ____________ corporate cultures. Your Answer: counter-productive to Correct Question: The process
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what motivates their employees and inspire them to reach the company objectives. There are a few ways to guide the company so that it can achieve their goal:- * Create clear vision and mission * Create a strong culture * Motivate the workers 1. Create clear vision and mission Vision and mission is two different things that talk about same topic‚ about the goal of the company itself‚ it must be cleared‚ easy to understanding‚ and show the goal of the company. Like in Petronas their
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profit but also needs strategy on how to continue growing and to sustain profitability. It is important for organizations to develop a mission statement with a vision and values of its organization to guide the members in the right direction. Although they may sound one in the same‚ a mission and a vision statement are entirely different. “The company mission describes the company’s product‚ market‚ and technological areas of emphasis in a way that reflects the values and priorities of the strategic
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that Aztech has well defined mission and vision. Its mission is based on principle of 5Es‚ which stands for Excelling‚ Extending‚ Enhancing‚ Engaging and Empowering. The organization strives to excel as far as innovation and product quality is concerned. The company also has a mission of extending its reach and presence in global market. In addition‚ the company strives to enhance the profitability and shareholders value and also to engage its customers. Another mission of Aztech group as far as 5
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