Companies often use __________ to create long-term strategic plans for the organization.

• A. mission statements
• B. forecasting
• C. vision statements
• D. budgeting

Answer: (C)

Verified step by step guidance

1. Understand the context of the question: Companies use various tools and methods to create long-term strategic plans. These tools help define the organization's goals and direction.
2. Clarify the terms provided in the options: A mission statement defines the purpose and values of the organization, forecasting involves predicting future trends, vision statements outline the long-term aspirations, and budgeting focuses on financial planning.
3. Identify the correct tool for long-term strategic planning: Vision statements are specifically designed to articulate the organization's future goals and aspirations, making them suitable for long-term strategic planning.
4. Compare the other options to ensure clarity: Mission statements focus on the present purpose, forecasting is about predicting trends, and budgeting is a financial tool rather than a strategic one.
5. Conclude that vision statements are the correct answer because they provide a clear and inspiring direction for the organization's future.