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According to Collins & Porras (1996), vision is one of the most overused and one of the least understood words.
According to the authors, a well-conceived vision consists of two major components: core ideology and envisioned future.
1. Why are these two components important in a vision statement? Define what each stands for and how each can impact the direction of your company.
2. What differentiates core values from core purpose?
3. What are the challenges of articulating an envisioned future in this industry?
4. How difficult was it for your company to develop a vision statement?(SEE VISION STATEMENTDEVELOPED BELOW)
Attachment:- Discussion - Vision Statement.rar
Verified Expert
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.
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