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Business Vision, Mission, Aim, Objectives, Strategy, Tools and tactics
By MR DL
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Last updated about 2 years ago
8 questions
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Question 1
1.
What is a vision in the context of business management?
A detailed plan for achieving goals
An aspirational description of an organization's future
An evaluation of past performances
A short-term organizational goal
Question 2
2.
What does a strategy refer to in business management?
A short-term operational plan
A plan of action designed to achieve a long-term goal
A set of business principles
A statement of business purpose
Question 3
3.
How would one define tactics in business management?
Specific actions taken to implement strategies
The overall purpose of a business
The broad direction a business will pursue
Long-term business goals
Question 4
4.
In business management, what are tools?
The overall purpose of a business
High-level planning to achieve business objectives
Resource or devices used to carry out tasks or functions
Question 5
5.
What's the difference between a business's vision and mission?
Long-term aspirational concept
Current operational activity of a company
Vision
Mission
Question 6
6.
How do a business's objectives differ from its strategic plan?
Clear, measurable targets
Long-term plan to achieve objectives
Business Objectives
Strategic Plan
Question 7
7.
What is the role of tools and tactics in implementing a business strategy?
Instruments or software to implement strategy
Specific actions to implement strategy
Tactics
Tools
Question 8
8.
What does 'aim' mean and how does it compare with 'strategy' in business terms?
Specific plan to achieve the aim
General direction or intention
Aim
Strategy