Business Strategy Exam 1 Practice

Which concept encompasses the beliefs, traits, and behavioral norms expected of personnel?

Strategic plan Strategic intent Values Mission

Correct Answer:

Values

Explanation:

Beliefs, traits, and behavioral norms expected of personnel are captured by values. Values articulate what the organization stands for and how people should behave, shaping culture and guiding decisions, actions, and interactions. They influence hiring, leadership, and how customers are treated because they set the standard for conduct across the organization. A strategic plan is a roadmap of goals and initiatives. Strategic intent is the long-term aspirational aim of the organization. A mission expresses the organization's purpose—what it does and for whom. While those elements describe direction and purpose, values specifically govern day-to-day behavior and norms, making them the best fit.

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