A Company's Strategic Vision Concerns

question 51

Multiple Choice

A company's strategic vision concerns

• A)a company's directional path and future product-customer-market-technology focus.
• B)why the company does certain things in trying to please its customers.
• C)management's story line of how it intends to make a profit with the chosen strategy.
• D)"who we are and what we do."
• E)what future actions the enterprise will likely undertake to outmaneuver rivals and achieve a sustainable competitive advantage.

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Definitions:

Code of Ethics

A set of principles and guidelines designed to help professionals conduct business honestly and with integrity.

Davis-Bacon Act

A United States federal law that requires paying the local prevailing wages on public works projects for laborers and mechanics.

Goldwater-Nichols Act

A significant restructuring of the United States military's chain of command, passed in 1986 to improve military effectiveness and interoperability.

Ethical Decision Making

The process of evaluating and choosing among alternatives in a manner consistent with ethical principles.