One of the Important Benefits of a Well-Conceived and Well-Stated

question 85

Multiple Choice

One of the important benefits of a well-conceived and well-stated strategic vision is to

• A)clearly delineate how the company's business model will be implemented and executed.
• B)clearly communicate management's aspirations for the company to stakeholders and help steer the energies of company personnel in a common direction.
• C)set forth the firm budgetary objectives in clear and fairly precise terms.
• D)help create a balanced scorecard approach to objective setting and not stretch the company's resources too thin across different products, technologies, and geographic markets.
• E)indicate what kind of sustainable competitive advantage the company will try to create in the course of becoming the industry leader.

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