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

question 1

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 to 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 or positions the company is striving to stake out)
• D) consensus-driven (commits the company to a "mainstream" directional path that most 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:

Hiring Labor

The process of finding, selecting, and employing people to work for wages or salaries.

Profit Maximizing

The mechanism through which a firm calculates the price and output level to maximize its profits.

Workers Paid

Compensation provided to employees in exchange for their labor or services, which can be in the form of wages, salaries, or benefits.

Supply of Labor

The total amount of labor that workers are willing and able to offer at various wage rates in a given time period.