A strategic vision reflects management’s aspirations for the organization and its business, providing a panoramic view of “where we are going” and giving specifics about its future business plans. It spells out a long-term business purpose and molds organization identity. A strategic vision points on an organization in a particular direction and charts a strategic path for it to follow.
A vision reflects management aspirations for the organization and its business providing a panoramic view of “where we are going” and giving specific about its feature business plans. It spells-out long-term business purpose and moods organization identity.
Anyway, a strategic vision is important for a company for the following reasons:-
(1) Achievement of organizational goals;
(2) Setting a long-term plan;
(3) Proper guideline;
(4) Proper utilization of resources;
(5) Environmental analysis;
(6) Effective decision making;
(7) Solution to the problem;
(8) Creating inspiration;
9) Effective leadership;
(10) Long-term positive effect.