😀 Flashcards
The operating philosophy of organizations should be to develop a product and then try to find a market for it
False
A mission statement should always be stated with a high level specificity
F
A mission statement is usually just a simple statement of specific beliefs
F
Union Pacific’s mission statement focuses on transportation rather than railroads because good mission statements identify the utility of a firm’s products to its customers
T
A mission statement that is limited enough to exclude some venture is a poor mission statement
F
A firm’s philosophy in a mission statement addresses the question, “ What is the firm’s distinctive competence”
F
It is unusual for the claims and concerns of a company’s stakeholders to vary or conflict
F
A mission statement is a declaration of an organization’s “reason for being”
T
According to George Steiner, vagueness has no place in a good mission statement
F
After a draft mission statement has been developed, it is important to
A) vote on the mission statement
B) ask managers to seek support for the mission statement from their subordinates
C) request modifications, additions and deletions to the mission statement
D) ask managers to read several articles about mission statements as background information
E) ask managers to prepare a mission statement for the organization
C
According to Campbell and Yeung, what is most likely associated with behavior and the present?
A) long term objectives
B) values
C) vision
D) mission
D
According to McGinnis, a mission statement should be all of the following except:
A) it should be specific enough to control creative growth
B) it should be stated in clear terms
C) it should distinguish an organization from all others
A
An overly general mission statement that ———- could be dysfunctional
A) encourages management creativity
B) doesn’t exclude any strategy alternatives
C) excludes all diversification
B
