MBA 706 Exam Study Guide 2- Dr. Saleh EXAM Questions
with 100% Correct Answers | Verified || ACTUAL EXAM
2026 TEST!! Graded A+ | 2025|2026 EXAM UPDATE
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MBA706 Saleh Exam 2 LSUS MBA 702 Module 1 Comprehensive Guide to Sustainabl... Co
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Terms in this set (82)
What is the definition of a mission? Unique purpose that distinguishes the organization from other companies and
defines the boundaries of its operations
What does a mission do? Proclamation of organizations primary objective that encapsulates its core
values
What should a mission do? Characterize the organization's principles and priorities and define the broad
product, market, and technologies that are core to the business.
A Mission should define the boundaries of business' Product Scope
ambitions: Market Scope
Geographical Scope
T/F A mission may also encompass the organizations TRUE
strategic intent or vision?
Can a mission act as a guide and lead to the Yes
development of hierarchy of objectives?
, What should a mission accurately describe? The: Business,
The: Market it serves
The: organizations capabilities
What can influence an organizations mission? 1. Corporate governance: who SHOULD we serve /accountability
2. Stakeholders - who DO we serve/ balance of power
3. Business Ethics - social responsibility / expectations
4. Cultural Context - Aspects of mission are priority / influence of cultural
environment
What is a broad mission statement? - Fairly Common, generally refers to all stakeholders in the business
EX) Scottish Power "highly rated utility-based company in related markets..
provide excellent quality.. service to customers.. returns to investors"
What are some pros & cons of a broad mission Pros- addresses the problem of too narrow of a focus
statement? Cons- Can fail to clearly define core market & product areas
What is a narrow focus mission statement? Example: Newport News Shipbuilding "we build good ships"
What are some pros & cons of a narrow focus mission Pros: Very clear description of the organizations primary business
statement? Cons: May set unnecessary constraints on the company's activities
What are characteristics of a successful mission 1. Credibility
statement? 2. Uniqueness
3. Specific capabilities
4. Aspirational
*Also need to define the scope: Product, market, geographical
What are SMART goals? *Can be both short & long Specific
term Measurable
Aspirational / Achievable
Realistic
Time Scales / Timely
What are characteristics of successful objectives? Acceptability
Flexibility
Comprehensibility
with 100% Correct Answers | Verified || ACTUAL EXAM
2026 TEST!! Graded A+ | 2025|2026 EXAM UPDATE
Leave the first rating
Save
Students also studied
Flashcard sets Study guides
MBA706 Saleh Exam 2 LSUS MBA 702 Module 1 Comprehensive Guide to Sustainabl... Co
35 terms Teacher 63 terms 96 terms 29
marentrow Preview matti_ping Preview kaleimybonet Preview
Terms in this set (82)
What is the definition of a mission? Unique purpose that distinguishes the organization from other companies and
defines the boundaries of its operations
What does a mission do? Proclamation of organizations primary objective that encapsulates its core
values
What should a mission do? Characterize the organization's principles and priorities and define the broad
product, market, and technologies that are core to the business.
A Mission should define the boundaries of business' Product Scope
ambitions: Market Scope
Geographical Scope
T/F A mission may also encompass the organizations TRUE
strategic intent or vision?
Can a mission act as a guide and lead to the Yes
development of hierarchy of objectives?
, What should a mission accurately describe? The: Business,
The: Market it serves
The: organizations capabilities
What can influence an organizations mission? 1. Corporate governance: who SHOULD we serve /accountability
2. Stakeholders - who DO we serve/ balance of power
3. Business Ethics - social responsibility / expectations
4. Cultural Context - Aspects of mission are priority / influence of cultural
environment
What is a broad mission statement? - Fairly Common, generally refers to all stakeholders in the business
EX) Scottish Power "highly rated utility-based company in related markets..
provide excellent quality.. service to customers.. returns to investors"
What are some pros & cons of a broad mission Pros- addresses the problem of too narrow of a focus
statement? Cons- Can fail to clearly define core market & product areas
What is a narrow focus mission statement? Example: Newport News Shipbuilding "we build good ships"
What are some pros & cons of a narrow focus mission Pros: Very clear description of the organizations primary business
statement? Cons: May set unnecessary constraints on the company's activities
What are characteristics of a successful mission 1. Credibility
statement? 2. Uniqueness
3. Specific capabilities
4. Aspirational
*Also need to define the scope: Product, market, geographical
What are SMART goals? *Can be both short & long Specific
term Measurable
Aspirational / Achievable
Realistic
Time Scales / Timely
What are characteristics of successful objectives? Acceptability
Flexibility
Comprehensibility
