BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Explanation: The possible desirable future state of the organization is called the vision. Vision is a future-oriented business concept. Developing a strategic vision is an exercise in thinking about where a company needs to go to be successful.

Detailed explanation-2: -What is a Future State Vision? A Future State Vision is basically what it says; it is a concrete plan for the most desired state of your business. Think of it as a more specific path to your company’s vision board. This is where you create the details that will get you to the goals on that vision board.

Detailed explanation-3: -A strategic vision statement supports the mission statement, but is more tangible. It describes an achievable future state of an organization-exact timelines may vary, but typically range from three to 10 years. This statement should help you and your employees visualize where the organization is headed.

Detailed explanation-4: -A goal is a desired future state that the organization attempts to realize. Goals are important because an organization exists for a purpose, and goals define and state that purpose. Goals specify future ends; plans specify today’s means.

Detailed explanation-5: -A Mission Statement is a definition of the company’s business, who it serves, what it does, its objectives, and its approach to reaching those objectives. A Vision Statement is a description of the desired future state of the company. An effective vision inspires the team, showing them how success will look and feel.