A Strategic Vision Constitutes Management's View and Conclusions About the Company's

question 103

Multiple Choice

A strategic vision constitutes management's view and conclusions about the company's

• A)long-term direction and what product-market-customer mix seems optimal.
• B)business model and the kind of value that it is trying to deliver to customers.
• C)justification of why the business will be a moneymaker.
• D)past and present scope of work.
• E)long-term plan for outcompeting rivals and achieving a competitive advantage.

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Definitions:

Making Preferences

The act of choosing or prioritizing among various options based on personal tastes, values, or expected outcomes.

Production Blocking

Occurs in brainstorming sessions when an individual is unable to share ideas due to others speaking, leading to a decrease in idea generation.

Constructive Conflict

A type of conflict that leads to positive outcomes, encouraging growth and improvement.

Satisficing

A decision-making strategy that aims for a satisfactory or adequate result, rather than the optimal solution, particularly when dealing with complex problems.