Why Might an Overly Narrow Mission Statement Be Problematic? ​

question 24

Multiple Choice

Why might an overly narrow mission statement be problematic? ​

• A) ​It makes it harder to identify the strengths of the firm.
• B) ​It could cause firms to pursue strategies where their strengths are limited.
• C) ​It makes it harder to develop measurable objectives.
• D) ​It could cause the firm to miss out on new opportunities.
• E) ​It could make it difficult for a firm to select a target market.

Identify the psychological and structural factors leading to conflict in the workplace.

Recognize the importance of maintaining positive relationships and achieving basic goals in conflict resolution strategies.

Understand different sources and types of conflicts within organizations.

Distinguish between conflict management styles and their implications on organizational dynamics.

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Definitions:

Open Innovation

A business model that encourages companies to use external and internal ideas and paths to market in the development of new products and services.

Open Innovation

A business model that encourages companies to use external as well as internal ideas and paths to market as they look to advance their technology.

Extrinsic Motivation

A form of motivation that comes from outside an individual, driven by rewards such as money, fame, grades, and praise.

Creativity

The ability to generate new ideas, solutions, or innovations that are both novel and useful.