Asked by Mohammad Ragheb on Jul 08, 2024
Verified
Refer to Modern Swimwear Inc. Tim needs to know more about farsighted organizations, which of the following is not characteristic of a farsighted company?
A) emphasis on finding solutions to problems.
B) flexible structure encouraging change, adaptability, and speed.
C) emphasis on stopgap hiring and training.
D) a formally written and communicated statement of long-term organizational mission.
E) emphasis on gaining and holding a strategic competitive edge.
Farsighted Organizations
Organizations that prioritize long-term goals and outcomes over immediate gains, often incorporating strategic planning and forward-thinking.
Strategic Farsightedness
The ability of an organization to look beyond immediate challenges and plan for long-term opportunities and risks.
Flexible Structure
An organizational framework that can quickly adapt to changes in the environment, allowing for innovation, scalability, and responsiveness.
- Identify the characteristics of farsighted companies and the importance of strategic competition.
Verified Answer
DP
Diana Pereda MoralesJul 15, 2024
Final Answer :
C
Explanation :
Farsighted organizations are focused on long-term success and growth. They emphasize finding solutions to problems, have a flexible structure encouraging change and adaptability, have a formally written and communicated statement of long-term organizational mission, and an emphasis on gaining and holding a strategic competitive edge. Stopgap hiring and training, however, is not characteristic of a farsighted company. Farsighted companies hire and train with long-term goals in mind.
Learning Objectives
- Identify the characteristics of farsighted companies and the importance of strategic competition.