According to the dictionary.com Vision is
“an experience in which a personage, thing, or event appears vividly or credibly to the mind, although not actually present, often under the influence of a divine or other agency: a heavenly messenger appearing in a vision.”
About.com defines the Vision statement is the view of the organization in the future as expected by the management. The vision statement is a inspiration matter and act as the framework for all the strategic planning.
In the mission statement of an organization there belongs the answer of what an organization is, what is the reason of existence. The mission statement also defines the ultimate customer of organization, the information about the produced product or services and also inform about the geographic location of the organization (entrepreneur.com).
Business Dictionary describe the Goal as an obvious and assessable an end result including the one or more objectives to be accomplished within definite time frame. From this definition it can understand that the goal is the combination of some mission and target and also make certain timeframe to accomplish. So the goal has some certain targets and also makes bindings the timelines.
In a business the core competencies means the capabilities of the business to achieving competitive advantage. The preliminary fact for examining core competencies is distinguishing that race between businesses is as far a race for capability mastery as it is for market place and market command.
Strategic planning and techniques: To undertake a business in long run a strategic planning is very important endeavor. To identify the right path towards goals and objectives of the organization strategic planning helps the enterprise. To achieve the organization’s and implement the strategy in the organization to achieve the goals and the objective the business manager has to implement the strategic planning. The decision making is a very important function and part of strategic planning. The resources allocation to achieve the organizational goal and objective is done through the strategic planning methods. The primary objective the all business organization is to gain profit. The profit is means the building and increasing the market share and maximize the wealth of the organization and for increase the market presence as well as its business size. To attain the profit business organization need to attain different kinds of business strategy. But in the non-profit organizations al attain the strategic plan. The strategic plan helps to achieve their objective. The strategic planning is different or same in varying to the organization to organization whether it may profitable or non-profit organization. Every business can undertake the strategic planning because of its importance. The detail outline and the plan of any business is given by the owner or the manager of the organization. Business plan with the strategic guideline of a startup business is the physical evidences that strategic planning has been implemented. The mission and vision is included in the business plan. The core values aside from the objectives, goals, policies and targets of the business to be established according to the business plan. The strategic plan’s part is the collected information with analysis. The strategies of a company are driven by the significant determination of possible measures taken by the collected data and information.
To create a clear strategic...