STM Quiz 1

A strategic vision statement should be specific, distinctive, and unique to the company.

• True

• False

A mission statement describes a company's present business and purpose.

• True

• False

Core values guide the actions and behavior of company personnel.

• True

• False

Objectives should be specific, measurable, achievable, relevant, and time-bound (S.M.A.R.T.).

• True

• False

Companies need both financial and strategic objectives.

• True

• False

Long-term objectives focus on positioning the company for future success and sustained performance.

• True

• False

A clear vision statement provides a path to follow and helps align employees.

• True

• False

Strategic outcomes are leading indicators of future success.

• True

• False

A well-communicated strategic vision helps senior executives stay focused on long-term goals.

• True

• False

Setting stretch objectives can inspire innovation and urgency.

• True

• False