Writing Effective Mission Statements
10 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What does it mean for a mission statement to be feasible?

  • It should state realistic and attainable goals (correct)
  • It should be vague and ambiguous
  • It should aim for impossible tasks
  • It should avoid stating any goals
  • What does it mean for a mission statement to be distinctive?

  • It should focus only on market share
  • It should be vague and unclear
  • It should appear similar to other competitors' statements
  • It should bring uniqueness and not appear similar to competitors' statements (correct)
  • What should a comprehensive mission statement indicate?

  • The purpose, philosophy, and strategy to accomplish it (correct)
  • Only the strategy
  • Only the philosophy
  • Only the purpose
  • What is the main purpose of a mission statement?

    <p>To guide internal decision-making and communicate the company's mission</p> Signup and view all the answers

    What distinguishes a mission statement from a slogan?

    <p>A slogan is a marketing tool designed to grab attention quickly</p> Signup and view all the answers

    Who typically establishes the mission of a small organization?

    <p>The founder or CEO without consultation</p> Signup and view all the answers

    What is an essential characteristic of an effective mission statement?

    <p>Clarity and easy understanding</p> Signup and view all the answers

    What is the purpose of conducting cost benefit analysis of alternative strategies?

    <p>To select the strategy that maximizes benefits at minimum cost</p> Signup and view all the answers

    What does the mission statement of an organization typically include?

    <p>A statement of organizational philosophy and purpose</p> Signup and view all the answers

    What is the role of strategy in an organization according to the text?

    <p>To define what the organization aims to achieve</p> Signup and view all the answers

    More Like This

    Business Mission Statement and Goals Quiz
    30 questions
    Crafting a Mission Statement
    5 questions
    Creating a Mission Statement
    5 questions
    Use Quizgecko on...
    Browser
    Browser