What is a vision statement?

jenny

Member
What is a vision statement, and how is it different from a mission statement? How does a vision statement describe a company’s long-term goals and future direction? Why is a strong vision statement important for business growth?
 
A vision statement is like a company sharing its dream for the future. Unlike a mission statement, which focuses on present actions, a vision inspires people, gives long-term direction, and helps the business grow with a clear purpose.
 
The vision statement is a dream statement of what an organization wants to be and what it hopes to become in the future. The vision, in contrast to a mission statement, which is concerned with what goes on at any given moment, is a North Star, guiding teams towards an intended future impact or accomplishment.
 
A vision statement gives an organization a definition of long term objectives and dreams of the organization. It explains where the company wants to be in the future and provides the strategic decision making.
 
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