Good mission statements are essential to being a success in business. Describe the three major characteristics that good mission statements should have
What will be an ideal response?
Major characteristics of mission statements include the following: (1 ) focus on a limited number of goals; (2 ) stress on the company's major policies and values; (3 ) definition of the major competitive spheres within which the company will operate (e.g., industry, products and applications, competence, market segment, vertical, and geographical); (4 ) a long-term view; and (5 ) should be as short, memorable, and meaningful as possible.
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Which of the following is a drawback of the bureaucratic approach to management?
A. Production tasks are reduced to machine-like movements that lead to boredom. B. This approach may not help managers deal with competitors and government regulations. C. This approach does not accommodate rapid decision making and flexibility. D. This approach emphasizes only money as a worker incentive. E. This approach ensures that all employees perform their best with excessive rules and regulations.
Explain the concept of positioning
What will be an ideal response?