Effectively Communicating the Strategic Vision Down the Line to Lower-Level

question 27

Multiple Choice

Effectively communicating the strategic vision down the line to lower-level managers and employees has the value of

• A) not only explaining "where we are going and why" but,more importantly,also inspiring and energizing company personnel to unite to get the company moving in the intended direction.
• B) helping company personnel understand why "making a profit" is so important.
• C) making it easier for top executives to set strategic objectives.
• D) helping lower-level managers and employees better understand the company's business model.
• E) All of these.

Describe the historical development and impact of philanthropy and social entrepreneurship.

Recognize the importance of innovation and creativity within organizations for social change.

Identify factors that contribute to the success of social entrepreneurship initiatives.

Understand the global context and opportunities for social entrepreneurship in the 21st century.

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Definitions:

Investment Centre

A business unit or segment which is responsible for its own revenues, expenses, and assets, and whose performance is measured by its return on investment.

Profit Centre

A profit centre is a distinct business unit or department within an organization that is responsible for generating its own revenue and managing its own costs to drive profitability.

Credit Sales

Sales made by a business where the amount is owed by the buyer for a period of time before payment is required.

Invoice Cost

The price for goods or services stated on an invoice, incorporating the cost of production or acquisition, but excluding additional expenses like shipping or taxes.