The Ambiguity of Vision Statements Enables Organizations the Flexibility to Change

question 29

True/False

The ambiguity of vision statements enables organizations the flexibility to change strategy or implementation tactics when it looks as if business as usual isn't going to realize the expressed vision.

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Definitions:

Nations

Large groups of people united by common descent, history, culture, or language, inhabiting a particular country or territory.

Century

A period of 100 years, commonly used as a unit of time to mark historical or chronological significance.

Diminishing Returns

The property whereby the benefit from an extra unit of an input declines as the quantity of the input increases.

Economic Growth Rates

The rate at which a nation's Gross Domestic product (GDP) grows or declines.