Clearly articulated vision and mission statements may be used as substitutes for strategy.

Question

Quizplus · Accepted Answer

While vision and mission statements are an important part of strategic planning, they do not serve as a substitute for a well-developed strategy. A strategy outlines a detailed plan of action to achieve specific goals and objectives, while vision and mission statements express the purpose and direction of the organization.

Clearly Articulated Vision and Mission Statements May Be Used as Substitutes