Explain the difference between a firm's vision and its mission. How might these impact the actions of an organization?
What will be an ideal response?
Answer: A company's vision is a general statement of the company's intended direction that shows in broad terms what a company wants to become. A vision statement is future-oriented while a mission statement is oriented in the present. Mission statements indicate what a company is doing right now while vision statements are what a company strives to become. The vision statement will impact how the organization plans for the future and what it focuses. The mission statement is the plan for what the organization is doing in the current time period and day to day.
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All stress is associated with negative emotions or outcomes.
a. True b. False
Chica and Feo are leaving their jobs at Big Firm to start a company of their own. Which may they do legally to start up their new enterprise?
a. Notify the clients at Big Firm that they are leaving to start their own business b. Offer Big Firm's clients deep discounts if they transfer their business to the new firm c. Try to get co-workers at Big Firm to quit and come to work for them d. Both a and b e. Both a and c