Which of the Following Was NOT Recommended When Developing a Vision

question 18

Multiple Choice

Which of the following was NOT recommended when developing a vision for an organization?

• A) Rely on your knowledge about organization members as the primary source of ideas for a vision.
• B) Identify strategic objectives with wide appeal and use them as a source of insights about shared values.
• C) Ensure that the vision is compatible with core competencies in the organization.
• D) Continually assess the feasibility of the vision and refine it as new possibilities are discovered.

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Definitions:

Operating Leases

A contract that allows for the use of an asset but does not convey ownership rights of the asset to the lessee.

Balance Sheet

A financial report indicating the assets, liabilities, and shareholders' equity of a company at a certain moment, which serves as a foundation for calculating returns and assessing its financial health.

Present Value

The current worth of a future sum of money or stream of cash flows, given a specified rate of return.

Annuity

A financial product that pays out a fixed stream of payments to an individual, typically used as part of a retirement strategy.