In business, it is crucial to have a 10-year vision to set a long-term direction, but it is equally important to have one-year goals. The business landscape changes rapidly, making it challenging to predict industry trends and competitors over a decade. For instance, ten years ago, the internet was in its infancy, and Amazon was primarily a book-selling platform. New technologies or competitors can emerge, disrupting the market and altering business dynamics. Therefore, while a 10-year vision provides a direction, setting one-year goals allows for flexibility and adaptability to navigate the dynamic business environment.

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