Circle all of the following tangible benefits of well-crafted visions that are primarily cognitive components: Greater...

Circle all of the following tangible benefits of well-crafted visions that are primarily cognitive components:

Greater profits and dividends

Provide road maps, direction

Enable sound strategic planning

Recruit talent—provide feelings of engagement

Develop distinctive competencies

Aspiration

Inspiration

Expert Solution

A vision in business is the hypothetical future image of an organisation where the management wants to lead with goals and objectives. The vision shows an organisation a path to move in a certain direction, with clear and focused objectives.

Tangible benefits are those that can be measured by the management. Among the above the following are the tangible benefits that are primarily cognitive components of vision:

a. Greater profits and dividends. The profits and dividends can be measured and are quantifiable in nature, so they are part of tangible benefits.

b. Recruit talent—provide feelings of engagement. As it can be measured. The number of recruitment and bringing talent in the organisation can be measured in numbers, hence it’s a tangible benefit.

c. Develop distinctive competences. With the help of vision, the company can a create distinct image in the market such as the differentiated product or cost leadership that can be measured. Hence it is a tangible benefit.

keosha answered 1 year ago

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