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Business Vision, Mission, Aim, Objectives, Strategy, Tools and tactics
By MR DL
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Last updated over 2 years ago
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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
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
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
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
What's the difference between a business's vision and mission?
Long-term aspirational concept
Current operational activity of a company
Vision
Mission
How do a business's objectives differ from its strategic plan?
Clear, measurable targets
Long-term plan to achieve objectives
Business Objectives
Strategic Plan
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
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