When It Comes to a Firm's Vision,mission,and Values,it Can Be

question 46

Multiple Choice

When it comes to a firm's vision,mission,and values,it can be said that:

• A) Once instituted in the organization, the vision, mission, and values of a firm should be left alone, regardless of whether the company is successful or not.
• B) New firms have to create these by using a driving vision to shape their mission and values, and existing firms should fine-tune their mission and values and reaffirm their values periodically.
• C) New firms should modify their vision, mission, or values as they grow, but established firms should stick to what has worked in the past.
• D) Existing firms should regularly discard their vision and mission in a renewal process.

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Definitions:

Industry Vs. Inferiority

A stage in Erik Erikson's theory of psychosocial development where children learn to be competent and productive or feel inadequate and unproductive.

Erikson

Refers to Erik Erikson, a psychologist known for his theory on the psychosocial development of human beings across eight stages in life.

Constructivist Approach

An educational philosophy that emphasizes the learner's ability to construct their own understanding and knowledge through experiences and reflection.

Hand-On Experiences

Learning activities that involve active participation and direct physical interaction with objects or environments.