The Primary Difference Between a Company's Mission Statement and the Company's

question 74

Multiple Choice

The primary difference between a company's mission statement and the company's strategic vision is that

• A) a mission statement explains why it is essential to make a profit, whereas the strategic vision explains how the company will be a moneymaker.
• B) a mission statement typically concerns a company's present business scope and purpose, whereas a strategic vision sets forth "where we are going and why."
• C) a mission deals with how to please customers, whereas a strategic vision deals with how to please shareholders.
• D) a mission statement deals with "where we are headed," whereas a strategic vision provides the critical answer to "how will we get there?"
• E) a mission statement addresses "how we are trying to make a profit today," while a strategic vision concerns "how will we make money in the markets of tomorrow?"

---

Definitions:

Transformational Leadership

A style of leadership where leaders work with teams to identify needed change, creating a vision to guide the change through inspiration, and executing the change in tandem with committed members of a group.

Normative Decision Model

A theoretical model that suggests leaders can improve decision-making by matching their leadership style to the specific demands of the situation.

Group Participation

The involvement and active engagement of members within a group activity or task, contributing to the group's objectives.

Subordinate Treatment

The behavior and actions of managers toward their employees, reflecting the nature of their interpersonal relationships and management style.