1) waich ef the following is net a common shortcoming of company vision statemen
ID: 422717 • Letter: 1
Question
1) waich ef the following is net a common shortcoming of company vision statements A. V age or incomplete short on specifics B. Too n o rrow doesn't leave enough room for future growth C. Bland or uninspiring D. Not E. Too reliant on first choice of customers) t distinctive could apply to most company (or several others in the same industry) irst csuerlatves (bemotucessful, recognized leader, global or worldwide leader 5) which of the Jollowing is the best example of a well-stated financial objective? A. Increase carnings per share by 15% annually B Gradually boost market share from 10% to 15% over the next several years. C. Achieve lower costs than any other industry competitor D. Boost revenues by a percentage greater than the industry average. E. Maximize total company profits and return on investment.Explanation / Answer
4) B - being too narrow isn't a shortcoming of company vision statement. Being too broad and all-inclusive that the company could head in almost any direction, pursue mostly any opportunity or enter most any business is a shortcoming. Because of this it could lose focus.
5) A - Increase earnings per share by 15% annually.
It has both the financial goal to be achieved and the exact timeline in which you aim to achieve. Other lack atleast either one of them with vague statements.
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