The Benefit of a Vivid, Engaging, and Convincing Strategic Vision

question 31

Multiple Choice

The benefit of a vivid, engaging, and convincing strategic vision is NOT its ability to

• A)crystallize top management's own view about the company's long-term direction.
• B)reduce the risk of rudderless decision making by managers at all levels of the organization.
• C)help an organization prepare for the future.
• D)unite company personnel behind managerial efforts to get the company moving in the intended direction.
• E)help company personnel understand the logic of the company's business model.

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Definitions:

Export

The selling of goods or services produced in one country to buyers in another country.

Import

The process of bringing goods or services into one country from another for the purpose of selling.

Domestic Price

The price at which goods or services are sold within a country's borders, unaffected by import or export tariffs.

Equilibrium Level

The state at which market supply and demand balance each other, resulting in stable prices.