Explain Why an Organization Needs a Strategic Vision

question 75

Essay

Explain why an organization needs a strategic vision. What purpose does a strategic vision serve?

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Definitions:

Liable

Being legally responsible or accountable, usually in the context of paying damages or fulfilling obligations.

Transferable Interest

The aspect of an owner's interest in a business that can be transferred or sold to another party.

Creditor

An entity or person to whom money is owed by a debtor or borrower.

Efficient Manager

An individual who is effective at organizing resources and processes to achieve specific goals with minimum waste.