A vision statement identifies where the organization wants or intends to be in future or where it should be to best meet the needs of the stakeholders.
It describes dreams and aspirations for future.
A vision is the potential to view things ahead of themselves.
A vision statement is for the organization and its members, unlike the mission statement which is for the customers/clients.
It contributes in effective decision making as well as effective business planning.
It describes that on achieving the mission, how the organizational future would appear to be.
maurice.mutuku answered the question on August 2, 2019 at 08:37
- Define Mission Statement(Solved)
Define Mission Statement
Date posted: August 2, 2019. Answers (1)
- What is Strategic Intent?(Solved)
What is Strategic Intent?
Date posted: August 2, 2019. Answers (1)
- What are the features of Strategy?(Solved)
What are the features of Strategy?
Date posted: August 2, 2019. Answers (1)
- What are the concepts and techniques of strategic management?(Solved)
What are the concepts and techniques of strategic management?
Date posted: August 2, 2019. Answers (1)
- What is Strategic management?(Solved)
What is Strategic management?
Date posted: August 2, 2019. Answers (1)
- Discuss the various types of organizational resources and capabilities (Solved)
Discuss the various types of organizational resources and capabilities
Date posted: August 1, 2019. Answers (1)
- Give the stages of a product’s life cycle and the accompanying characteristics(Solved)
Give the stages of a product’s life cycle and the accompanying characteristics
Date posted: August 1, 2019. Answers (1)
- Highlight the various types of business entry barriers(Solved)
Highlight the various types of business entry barriers
Date posted: August 1, 2019. Answers (1)
- Which are the techniques involved in Competitor Analysis?(Solved)
Which are the techniques involved in Competitor Analysis?
Date posted: August 1, 2019. Answers (1)
- Highlight the steps involved in Strategy Formulation.(Solved)
Highlight the steps involved in Strategy Formulation.
Date posted: August 1, 2019. Answers (1)
- Give reasons why it is necessary to build a strong and effective organizational culture.(Solved)
Give reasons why it is necessary to build a strong and effective organizational culture.
Date posted: August 1, 2019. Answers (1)
- List the types of Organizational Cultures(Solved)
List the types of Organizational Cultures
Date posted: August 1, 2019. Answers (1)
- What are the symptoms of an ineffective Organizational Structure?(Solved)
What are the symptoms of an ineffective Organizational Structure?
Date posted: August 1, 2019. Answers (1)
- Highlight the components of an effective strategic implementation(Solved)
Highlight the components of an effective strategic implementation
Date posted: August 1, 2019. Answers (1)
- Give the benefits of Strategic Management(Solved)
Give the benefits of Strategic Management
Date posted: August 1, 2019. Answers (1)
- What is the role of Strategy?(Solved)
What is the role of Strategy?
Date posted: August 1, 2019. Answers (1)
- Give the hierarchy or the levels of Management(Solved)
Give the hierarchy or the levels of Management
Date posted: August 1, 2019. Answers (1)
- Give the processes of strategic management (Solved)
Give the processes of strategic management
Date posted: August 1, 2019. Answers (1)
- Highlight the features of well-made goals(Solved)
Highlight the features of well-made goals
Date posted: August 1, 2019. Answers (1)
- What are the features of a Mission?(Solved)
Highlight the features of a Mission.
Date posted: August 1, 2019. Answers (1)