Collis P. Huntington, founder of Newport News Shipbuilding & Drydock C

QUESTION

Collis P. Huntington, founder of Newport News Shipbuilding & Drydock Company, said, “We shall build good ships here: at a profit if we can, at a loss if we must, but always good ships.” This is an example of a strategic plan.

Indicate whether the statement is true or false.

ANSWER

Answer: FALSE
Explanation: This is an example of a mission statement. Huntington expressed it more than 100 years ago and it has been used as inspiration by many others in the century since.