Question

Question 1 The mission attempts to capture the organizations distinctive purpose

True OR False

Question 2 The vision is the principles that are held dear by members of the organization

True OR False

Question 3 Strategic goals are those overarching end results that the organization pursues to accomplish its mission and achieve its vision

True OR False

Question 4 Strategic planning is essentially decision making, deciding which strategy from among the many available alternatives the organization will pursue

True OR False

Question 5 The strategy formulation decision logic provides a sequence for making the strategic decisions

True OR False

Answer 1

1. Mission statement of a company is its distinctive goals or its purpose of existence. It is a guideline for its employees to always work towards attaining those laid down purpose holistically and also constantly and progressively work innovating towards the achievement of the reason for existence of the company. Thus this sentence is TRUE.

2. Vision statement of a company is the principles and beliefs laid down by the company during its inception and is a manifestation of what the company aspires to be in the long term. So this statement is TRUE.

3. Strategic Goals are planned objectives or road maps that an organisation strives to achieve towards its mission and vision. Sothe statement is TRUE.

4. Strategic Planning is an organisations management activity in order to set priorities, channelise energuy and resources ensure all stakeholders are working towards the most viable path from all the available options to achieve strategic goals of the organisation. So the statement is TRUE.