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BUS 1101-01 Principles of Business Management - AY2025-T3
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Creativity and passion can influence the organization’s strategy.
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Mission and vision play a prominent role in the planning facet of the P-O-L-C framework.
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Lateral thinking can generate completely new concepts and ideas, and brilliant improvements to existing systems.
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The four categories of stakeholders of a firm are:
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Consciously creating an environment where passion is both encouraged and developed starts at the top through the communication of mission and vision.
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Customers, employees, and investors are the stakeholders most often emphasized in the mission statements.
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A useful personal mission and vision statement should include all of the following EXCEPT:
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Mission and vision both relate to an organization’s purpose and are typically communicated orally.
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Good vision statements need to create some dissonance with the status quo of an organization.
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Mission and vision statements are designed to provide a statement of justification for existence to an organization.
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