ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -An entrepreneurial vision considers what you want your venture to become, what this venture will look like, what the driving forces are, and what values and culture should surround it. Each individual entrepreneur has a unique picture of what the venture will become.

Detailed explanation-2: -Having a vision provides a sense of purpose and direction for the business. Your vision will help you define your short and long-term goals, and guide the decisions you make along the way. “A leader has the vision and conviction that a dream can be achieved.

Detailed explanation-3: -A startup is in the process of defining itself, which can make it challenging to establish a far-off vision, but crafting and adhering to a vision statement can remind leaders and employees what they are capable of and what their market is all about, so it is an important step.

Detailed explanation-4: -Why is vision such an important element of entrepreneurial leadership? Because the entrepreneur has to envision realities do not yet exist.