ENTREPRENEURSHIP

Detailed explanation-1: -A vision statement is a business document that states the current and future objectives of an organization. A company’s vision must align with its mission, strategic planning, culture and core values.

Detailed explanation-2: -So what is the meaning of ‘vision statement’? A vision statement is a written document that describes where an organization is going and what it will look like when it gets there. The length of a business vision statement is not generally a consideration. It can be short, long or anywhere in between.

Detailed explanation-3: -A vision statement defines the future goals and position of the organization. A vision statement characterizes the companies strategy. It keeps employees and employers motivated and inspired towards achieving the common goal. Hence, option (A) is true.

Detailed explanation-4: -A vision statement should answer the basic question, “What do we want to become?” A clear vision provides the foundation for developing a comprehensive mission statement. Many organizations have both a vision and mission statement, but the vision statement should be established first and foremost.

Detailed explanation-5: -A vision statement describes what a company desires to achieve in the long-run, generally in a time frame of five to ten years, or sometimes even longer. It depicts a vision of what the company will look like in the future and sets a defined direction for the planning and execution of corporate-level strategies.