UNIT 7A LINKS BETWEEN MISSION AND CORP OBJ AND STRATEGY

Question 1

what does succesful bs have

Answer 1

clearly stated mission and vision which act as broad guide to its managers

Question 2

a sound awareness of bs mission and vision will enable senior managers to

Answer 2

develop corp obj which if achieved will fulfill mission and vision

Question 3

nex tpeice in jigsaw is

Answer 3

develpment of plan and or startegy managers intend to achieve bs corp obj

Question 4

junior managers take relativley

Answer 4

small descision to support plan

Question 5

whats essential for plan to operate effectivley

Answer 5

good comm betwen managers at all levels of the org

Question 6

explain hoe mission vision corp obj and startegy and tactics decisions link

Answer 6

mission and vision shape descisons on/ for corp obj
crop obj related to targets and performance indicators
corp obj has strategy to support corp obj
tactical descision suppport achievement of stratgey

Question 7

taylor wimpey vision is to work together and deliver your dreams’ to achieve this it has corp obj relating to finance

Answer 7

operating profit margin of 21-22 %
ROCE 35% by 2023

Question 8

TW has vision supported y corp obj of finance for eg these are supported by other

Answer 8

corp obj relaitng to customers employyes enviro

Question 9

TW stratgey to achieve corp obj has number of key elemnts including

Answer 9

investing in employees

using assets w max efficiency