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Which type of statement represents the future aspirations of a company?

Vision

A vision statement captures the long-term aspirations and goals of a company, outlining what the organization wants to achieve in the future. It serves as a guiding star for decision-making and strategic planning, motivating employees and stakeholders by articulating a clear image of the desired future state of the company.

In contrast, a mission statement defines the organization's purpose and its primary objectives—essentially what the company does in the present. A strategy outlines the specific plans and actions the company will take to achieve its goals, while values represent the beliefs and principles that guide a company’s culture and decision-making processes. Thus, the vision statement distinctly focuses on the future aspirations, making it the correct choice for this question.

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Mission statement

Strategy

Value

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