An engaging and convincing strategic visionMultiple Choiceshould be explained after the company's strategic intent, strategy, and business model have been conveyed to company personnel.tends to be more effective when top management avoids trying to capture the essence of the strategic vision in a catchy slogan.should be done in language that inspires and motivates company personnel to unite behind executive efforts to get the company moving in the intended direction.is most efficiently and effectively done by posting the strategic vision prominently on the company's website and encouraging employees to read it.ought to put "who we are and what we are doing" in writing rather than orally so as to leave no room for company personnel to misinterpret what the strategic vision really is.

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

Which of the following represent the features of good strategic vision statement?1. Be forward-looking2. Be specific and precise3. Ensure that the company’s journey is feasible4. Make it long and descriptive1 and 21, 2 and 31, 2 and 42, 3 and 4

One of the important benefits of a well-conceived and well-stated strategic vision is toMultiple Choiceset forth the firm budgetary objectives in clear and fairly precise terms.clearly communicate management's aspirations for the company to stakeholders and help steer the energies of company personnel in a common direction.help create a balanced scorecard approach to objective setting and not stretch the company's resources too thin across different products, technologies, and geographic markets.indicate what kind of sustainable competitive advantage the company will try to create in the course of becoming the industry leader.clearly delineate how the company's business model will be implemented and executed.

You learnt that the strategic intent of an organisation is composed of three components:Vision statementMission statementCore valuesMap these three components to the three components of a good strategy.Strategic Intent Strategy1. Vision a. Why2. Mission b. What3. Core competencies c. How 1-a, 2-b, 3-c1-b, 2-a, 3-c1-c, 2-a, 3-b1-b, 2-c, 3-a

The primary mechanisms through which companies translate strategic plans into action are:Group of answer choicesStatements of vision and mission.Operating plans and capital expenditure budgets.CEO leadership.Resolutions by the board of directors.