According to Peter Drucker, Developing a Clear Business Vision and Mission

question 50

True/False

According to Peter Drucker, developing a clear business vision and mission is the first responsibility of strategists.

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Definitions:

Organizational Culture

The shared values, beliefs, and norms that influence the way employees think, feel, and behave within an organization.

Policies

Established guidelines or principles that direct an organization's actions and decision-making processes.

Nonadaptive Organizational Cultures

Organizational environments that struggle to adjust or respond effectively to changes in the external market or internal dynamics, often hindering growth and innovation.

Cautious Management

A management approach characterized by careful and deliberate planning and action, often to minimize risk.