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Questions and Answers
What does it mean for a mission statement to be feasible?
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?
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?
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?
What is the main purpose of a mission statement?
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What distinguishes a mission statement from a slogan?
What distinguishes a mission statement from a slogan?
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Who typically establishes the mission of a small organization?
Who typically establishes the mission of a small organization?
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What is an essential characteristic of an effective mission statement?
What is an essential characteristic of an effective mission statement?
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What is the purpose of conducting cost benefit analysis of alternative strategies?
What is the purpose of conducting cost benefit analysis of alternative strategies?
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What does the mission statement of an organization typically include?
What does the mission statement of an organization typically include?
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What is the role of strategy in an organization according to the text?
What is the role of strategy in an organization according to the text?
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