The Importance of Vision in Business

Having a clear and inspiring vision is crucial for the success of a business. Vision consists of two components: ideology and envision future. Ideology is made up of core values and core purpose, while envision future is about setting big and audacious goals. It is important for all team members, especially leaders, to believe in and align with the vision. Lack of alignment in vision can stifle a company's growth and potentially lead to partnership issues. Creating and revisiting the vision periodically is essential to keep the organization focused and motivated.