Which of the following are characteristics of an effectively-worded strategic vision statement

Table of Contents

Options

A) Graphic, directional, and focused
B) Challenging, competitive, and “set in concrete”
C) Balanced, responsible, and rational
D) Realistic, customer-focused, and market-driven
E) Achievable, profitable, and ethical

Answer Explanation

The correct answer for the given question is Option A) Graphic, directional, and focused

A strategic vision statement supports the mission statement, but it is more concrete. It describes an achievable future state of an organization-timelines may vary but generally range from three to ten years. Your employees should be able to visualize where the organization is going from this statement.

Strategic Vision

An organization’s strategic vision is generally a way of defining its purpose, setting long-term objectives, analyzing its performance relative to its competitors in the industry and defining growth parameters. Research and analysis of industry trends, creating and attending seminars and webinars, identifying threats and risks to the long-term viability of an organization, and devising solutions for dealing with a mass data breach or other crisis scenarios can help organizations set more effective strategies. A mission statement can also help an organization better define its strategic vision by incorporating values like integrity, consistency, and innovation. Organizations should also make sure that these values are reflected in all of their operations and initiatives.

Benefits of a Strategic Vision

Implementing an effective strategic vision can provide many benefits to an organization. By providing clear objectives and goals and driving growth and alignment with external stakeholders, each of these benefits can benefit the organization and its employees.

Attracts commitment:
Having a strategic vision and plan can help create “buy-in” and commitment to its goals. This can motivate and energize employees by focusing the team on delivering products and services in a shared purpose. Motivating employees with a sense of purpose can increase productivity and retention.
Creates meaning:
Strategic visions can help organizations become more relevant and meaningful within their industries, countries, or regions. Organizations want to make an impact on their customers, on their industry, and on the economy, both in tangible and intangible ways.
Establishes a standard of excellence:
It is possible to set standards by which a team will deliver its goals through establishing a strategic vision for the organization. Standardization can apply to quality control, product marketing, service delivery, and customer service, among other things. It is possible to articulate the standards by which success will be measured in a strategic vision and plan. Companies and industries cannot truly thrive unless they continually set higher standards for themselves.
Bridges the present with the future:
By developing a strategic plan, an organization can assess how its short-term and long-term goals are aligned. Investment and development of new technologies like artificial intelligence (AI), enhancing user engagement on social media, sharing custom content, cutting costs, or launching superior products and services can be some of these objectives. The only way to know if your short-term goals are driving your organization toward success is through a clear strategic plan.
Reflects the uniqueness of the organization:
Unlike any other competitor in your field, your organization needs a unique vision and strategy. Growth and success can be achieved by using your strategic vision and plan to differentiate your products, services, team, and mission. In the case of a nonprofit, establishing and quantifying specific objectives is essential for setting them apart, whether it is through innovation, serving new markets, or expanding.

One of the important benefits of a well-conceived and well-stated strategic vision is to