Question

Your executive team is working on the new vision statement for the company. You notice some people keep confusing the vision statement with a mission statement. You explain that the vision is the _____ and the mission is the _____ for the company g

Answer 1

Group of answer choices.

A. what & how; why.

B. why; who & what.

C. how; what & why.

D. what; how & why.

E. why; what & how.

Answer:

D. what; how & why.

Explanation:

In Business management, a strategy can be defined as a set of guiding principles, actions and decisions that an organization combines so as to achieve its business goals, attract customers and possess a competitive advantage over its rivals in the industry.

Business strategy sets the overall direction for the business because it focuses on defining how a business would achieve its goals, objectives, and mission; as well as the funds and material resources required to implement or execute the business plan. The components of a business strategy includes the following;

I. Value.

II. Vision.

III. Mission.

Vision is an ideal future conditions that aligns with the purpose for which an organization or business is in operation. Thus, it's a path that guides an organization into achieving a certain height in the future.

Basically, a vision statement answers the question of what an organization would want to be, by combining its current and future objectives.

On the other hand, a mission statement is typically a description of the overall goal or purpose for which an organization was established and what it hopes to achieve in the future.

In conclusion, you should explain that the vision is the what and the mission is the how and why for the company.