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Vision statements are meant to put direction for a company, by aligning it with the organizational objectives. They consist of core ideology and envisioned future, as two major components. The ideology develops the paradigm upon which the further operations and goals will be constructed. The ideology remains consistent over time, however, the strategies to maintain that consistency alterns. The paper has mainly focused on preparing the vision statement for a company. and the norms of preparing an ideal vision. The study has also drawn relevance to the realistic organizations manufacturing sensors and other electronics. The difficulty or challenges they face while developing a vision statement have also been discussed.