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What is the clearest advantage of firms with clearly communicated, widely understood and collectively shared mission and vision?Question 13Answera.Perform better than those without themb.Employ a smarter workforcec.Create and advance technologyd.Embrace diversity

Question

What is the clearest advantage of firms with clearly communicated, widely understood and collectively shared mission and vision?Question 13Answera.Perform better than those without themb.Employ a smarter workforcec.Create and advance technologyd.Embrace diversity

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Solution

The clearest advantage of firms with clearly communicated, widely understood, and collectively shared mission and vision is that they perform better than those without them.

Here's why:

  1. Clear Communication: When a company's mission and vision are clearly communicated, everyone in the organization understands what the company is striving to achieve. This clarity helps employees align their individual goals with the company's goals, leading to increased productivity and performance.

  2. Collective Understanding: A widely understood mission and vision ensure that all employees, regardless of their role or level in the organization, are on the same page. This collective understanding fosters a sense of unity and teamwork, which can boost overall performance.

  3. Shared Belief: When the mission and vision are collectively shared, it means that everyone in the organization believes in what the company is trying to achieve. This shared belief can lead to increased motivation and commitment, which can further enhance performance.

Therefore, the answer is a. Perform better than those without them.

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Similar Questions

dyGPTQuestion textFirms with clearly communicated, widely understood and collectively shared mission and vision have been shown:Question 2Select one:a.To create and advance technologyb.To embrace diversityc.To perform better than those without themd.To employ a smarter workforce

What is a potential benefit of successfully translating insights into innovative opportunities?OPTIONS Reduced need for marketing Decreased customer engagement Competitive advantage Limited product range

Effective strategic mission establishes the uniqueness of a company.Select one:TrueFalse

An advantage of a diverse and inclusive workforce is improved insight into what?a.)Target marketingb.)A company’s demographic mixc.)A company’s product design dynamicsd.)The world beyond company walls

Many executives believe that a diverse workforce boosts innovation because:People from poorer countries have to be more creative to survive.People from different backgrounds have to work much harder to communicate.Many unique perspectives contribute to a better solution.         Those who think exactly the same develop the most robust ideas.

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