The Managerial Task of Developing a Strategic Vision for a Company

question 36

Multiple Choice

The managerial task of developing a strategic vision for a company

• A)concerns deciding what approach the company should take to implement and execute its business model.
• B)entails coming up with a fairly specific answer to "who are we, what do we do, and why are we here?"
• C)is chiefly concerned with addressing what a company needs to do to successfully outcompete rivals in the marketplace.
• D)involves deciding upon what strategic course a company should pursue in preparing for the future and why this directional path makes good business sense.
• E)entails coming up with a concrete plan for how the company intends to make money.

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Definitions:

Autonomic Nervous System

The part of the nervous system that controls involuntary bodily functions, including heart rate, digestion, and respiratory rate.

Sympathetic

Relating to the part of the autonomic nervous system that typically prepares the body for action in threatening situations.

Endothermic Animals

Animals that are able to regulate their body temperature through internal mechanisms, regardless of the external environmental temperature.

Ectothermic Animals

Organisms that rely on external sources of heat to regulate their body temperature.