Which One of the Following Is Not a Characteristic of an Effectively-Worded

question 44

Multiple Choice

Which one of the following is not a characteristic of an effectively-worded strategic vision statement?

• A) Directional (is forward-looking, describes the strategic course that management has charted and the kinds of product-market-customer-technology changes that will help the company prepare for the future)
• B) Easy to communicate (is explainable in 10-15 minutes, can be reduced to a memorable slogan)
• C) Graphic (paints a picture of the kind of company management is trying to create and the market position(s) the company is striving to stake out)
• D) Consensus-driven (commits the company to a "mainstream" directional path that almost all stakeholders will enthusiastically support)
• E) Focused (is specific enough to provide guidance to managers in making decisions and allocating resources)

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Definitions:

Competitive Labor Market

A market where numerous employers are actively seeking to hire and numerous individuals are seeking employment, with wages determined by the supply and demand for labor.

Wage Rate

The amount of compensation paid to an employee per unit of time worked, often expressed per hour or year.

MV

MV, short for "Mean Value," is a measure used in statistics and mathematics to denote the average or central value of a set of numbers.

PQ

PQ, in the context of mathematics, often stands for a specific pair of points or variables in an equation or algorithm, representing a particular problem or query to be solved.