GENERAL KNOWLEDGE

Detailed explanation-1: -A vision statement is an organization’s declaration of its mid-term and long-term goals, stating what they want to become in the future. Vision statements act as a goal for a company to strive toward. Vision statements are often confused with mission statements.

Detailed explanation-2: -A good example of this is the nonprofit Oxfam. Oxfam’s vision statement is to be “a self-organized people actively creating a just democratic and sustainable world where power and resources are shared, everyone lives in dignity, and poverty and inequality are no more.” This is a very future-oriented goal.

Detailed explanation-3: -A vision statement outlines the company’s long-term goals and aspirations for the future in terms of its long-term growth and impact on the world. Your mission defines what your organization does and what you stand for, while your vision statement speaks to your goals and ideals for the future.

Detailed explanation-4: -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.