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Management · Q24

Strategic Management

Graduate and Post Graduate · Management · question 24

Q24

Which of the following can be identified as a best statement that represents a firms big picture statements, describing a desired end state, general in scope and not restrictive?

A.
Corporate philosophy statement
B.
Company creed
C.
Vision statement
Answer
D.
Mission statement

Answer: Option C

Solution

Answer: Option C
Solution:
Vision statement can be identified as a best statement that represents a firms big picture statements, describing a desired end state, general in scope and not restrictive. A vision statement is an organization's declaration of its mid-term and long-term goals, stating what they want to become in the future. Vision statements act as a goal for a company to strive toward.