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

question 86

Multiple Choice

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

• A) the mission 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?"

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Definitions:

Originated

The point or place where something begins, arises, or is derived.

India

A country located in South Asia, known for its diverse cultures, languages, and histories, the seventh-largest country by land area, and the second-most populous country in the world.

Ayurvedic Medicine

A traditional system of medicine from India that focuses on balance and wellness, utilizing herbs, diet, and yogic practices.

Originated

Refers to the point at which something begins or comes into existence.