Value-based planning is can be effectively used as a substitute for strategic planning.

Question

Quizplus · Accepted Answer

While value-based planning can be a valuable tool in developing and executing strategy, it is not a substitute for strategic planning. Strategic planning involves a comprehensive and systematic approach to creating a long-term plan for achieving an organization's goals, while value-based planning focuses more specifically on identifying and prioritizing the organization's values and aligning actions with those values. Both approaches are important and complementary, but they serve different purposes.

Value-Based Planning Is Can Be Effectively Used as a Substitute