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The video provides a brief introduction to the concept of a vision plan, outlining its purpose and importance in strategic planning.

What is the primary purpose of a vision plan?

• To outline daily tasks

• To set long-term goals and direction

• To manage financial resources

• To evaluate employee performance

Which of the following is NOT a component of a vision plan?

• Core values

• Budget allocation

• Mission statement

• Strategic objectives

What role do core values play in a vision plan?

• They guide decision-making

• They determine the budget

• They define the target market

• They set the timeline

How can a vision plan be effectively implemented?

• By avoiding team collaboration

• By regularly reviewing progress

• By setting unrealistic goals

• By ignoring feedback

Why is it important to review a vision plan regularly?

• To avoid setting new goals

• To reduce team meetings

• To increase workload

• To ensure it remains relevant