An advantage of a well-developed mission statement is that it is able to guide everyone in the organization toward the goals that the owners have set.
Answer the following statement true (T) or false (F)
True
An advantage of a well-developed mission statement is that it is able to guide everyone in the organization toward the goals that the owners have set. A well-developed mission statement helps ensure that everyone in the organization is heading in the same relative direction. Although there will be some variance, there will not be decisions that are counter to what the founder(s) of the new business would choose.
You might also like to view...
In the U.S., the average Buick buyer is 61 years old, which stands in marked contrast to Volvo, whose average buyer is only 50
Indicate whether the statement is true or false
Most long-term bond investments are classified as held-to-maturity securities
Indicate whether the statement is true or false
Negative customer comments appearing on a forum that a firm owns
A) usually result in a firm suing the commenter for defamation. B) immediately draw the attention of government regulators. C) are mostly fake messages designed to build attention. D) place the firm in an ethical predicament over how to treat the comments. E) are usually expunged before other participants can see them.
_____________ refutes the benefits of Adam Smith’s invisible hand by arguing that the self- interests of each individual do not always translate into the promotion of the public good for everyone.
a. Milton Friedman b. Michael Porter c. Garrett Hardin d. Henry Sidgwick