Which of the Following Vision Statements Is Most Likely to Produce

question 38

Multiple Choice

Which of the following vision statements is most likely to produce a sustainable competitive advantage for an auto dealership?

• A) to generate the highest revenues of any dealership in the region
• B) to sell only the highest-rated luxury vehicles
• C) to open dealerships all across the country.
• D) to help our customers find the perfect car for their individual needs.

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Definitions:

Maximize Efficiency

The strategy of optimizing resources and processes to achieve the highest possible output or effectiveness from inputs, often with the goal of increasing profitability.

Job Complexity

Refers to the number and difficulty of tasks required in a job, as well as the variability and unpredictability of those tasks.

Self-managing Teams

Groups of workers who are given the autonomy to manage their own tasks, make decisions, and solve problems without traditional managerial oversight.

Empowering Employees

The process of giving workers more autonomy, authority, and control over their work decisions and resources, fostering a sense of ownership and enhancing motivation.