chapter02 - CHAPTER 2 The Business Mission True/False...

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CHAPTER 2 The Business Mission True/False Introduction 1. In the front of annual reports is where vision and mission statements can often be found. Ans: T Page: 56 What Do We Want To Become? 2. The foundation for development of a comprehensive mission statement is provided by a clear vision. Ans: T Page: 56 3. The mission statement should be short, preferably one sentence. Ans: F Page: 56 4. If an organization chooses to have both a mission and a vision, the mission statement should be established first, as mission identifies where we are and vision would indicate where we want to go. Ans: F Page: 56 What Is Our Business? 5. An increasing number of organizations are developing formal mission statements. Ans: T Page: 59 6. A declaration of an organization’s “reason for being” is the mission statement. Ans: T Page: 59 7. A statement of corporate beliefs is synonymous with the term mission statement . Ans: T Page: 59 236
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8. Carefully prepared statements of vision and mission are widely recognized as the first step in strategic management. Ans: T Page: 59 9. A mission statement, sometimes called a creed statement, can be defined as an “enduring statement of purpose that distinguishes one organization from other similar enterprises.” Ans: T Page: 59 10. The long-term aspirations of an organization in terms of what it wants to become can be described in a vision statement. Ans: T Page: 59 11. There is no need for a mission statement in small, nonprofit organizations. Ans: F Page: 59 12. A mission statement describes an organization’s objectives. Ans: F Page: 59 13. An important question a mission statement should answer is “What is our business?” Ans: T Page: 59 14. Whereas the mission statement answers the question “What do we want to become?” the vision statement answers the question “What is our business?” Ans: F Page: 59-60 15. In order to motivate a workforce effectively, both profit and vision are needed. Ans: T Page: 60 16. When employees and managers together shape or fashion the vision and mission statements for a firm, the resultant documents can reflect the personal visions managers have in their hearts and minds about their company’s future. Ans: F Page: 60 237
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17. The first step in the process of developing a mission statement is to ask all participants to prepare what they believe the organization’s mission should be. Ans: F Page: 61 18. The process of developing a mission statement should create an “emotional bond” and “sense of mission” between the organization and its employees, according to Campbell and Yeung. Ans: T Page: 61 19. According to Campbell and Yeung, an organization’s mission is more associated with behavior and with the present. Ans: T
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This note was uploaded on 09/08/2009 for the course MBA 506 taught by Professor Dr.kuruppu during the Spring '09 term at American International.

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chapter02 - CHAPTER 2 The Business Mission True/False...

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