Question

Long-term strategic goals will be derived from the ______________ of an organisation. Select one:

a. business plan
b. values and culture
c. mission statement
d. tactical goals

Answer 1

Long-term strategic goals stem from an organization's mission statement, which is central to strategic planning and reflects the organization's core purpose. Achievable and appropriate strategic goals are crucial for practicality and alignment with the organization's vision, similar to how countries approach economic goals to foster stability.

Step-by-step explanation:

Long-term strategic goals are usually derived from the mission statement of an organization. This involves formulating objectives that align with the overarching purpose and direction that the organization outlines in its mission statement. The mission statement provides a foundation upon which all strategic planning is built, reflecting the values, aspirations, and reason for an organization's existence.

While a business plan, values and culture, and tactical goals play significant roles in an organization's operations, it is the mission statement that often encapsulates the essence of what an organization seeks to accomplish in a broader sense. Strategic goals are not just about specific actions but also about setting a path towards achieving the vision laid out by the mission statement. These goals are meant to be long-term and focused on the larger picture.

Achievable and appropriate strategic goals are essential as they speak to the practicality and feasibility of the envisioned future state an organization aspires to. Similar to how countries establish economic goals, organizations also seek to create stability within their domain by aligning their long-term strategic goals with their mission and vision. The societal values embedded in the mission statement remarkably influence the focus and level of effort dedicated to different strategic goals.

Answer 2

Long-term strategic goals of an organization are derived from its mission statement, which outlines its purpose, values, and direction. The mission statement serves as a foundational guide for setting these goals, while the organization's economic goals are influenced by societal values and the desire for economic stability. The correct answer is option d.

Step-by-step explanation:

Long-term strategic goals are essential for guiding an organization towards its future success and are derived from the organization's mission statement. A mission statement reflects the purpose, aspirations, and values of the company, setting a foundation for the strategic plan. Strategic goals should be aligned with these elements to ensure that the organization moves in the direction established by its mission.

While a business plan may detail the strategies and actions needed to achieve these goals, and values and culture certainly influence their formation, it's the mission statement that provides a clear, concise statement of the organization's purpose which guides the creation of long-term strategic goals. On the other hand, tactical goals are more short-term and specific steps that will help in achieving the strategic goals.

An important part of this process is ensuring that the strategic goals are not only in line with the mission but are also achievable and appropriate. This involves careful planning and an understanding of the economic and societal context in which the organization operates, considering societal values and the extent to which they influence the degree of emphasis placed on various economic goals.