Vision Plan Definition (2024)

FAQs

What is the meaning of vision plan? ›

Vision Plan means a company, organization, group, or person who owns, operates, and provides a health care benefit plan designed for the care of the eye or the correction or enhancement of one's eyesight.

A vision statement describes what a company desires to achieve in the long-run, generally in a time frame of five to ten years, or sometimes even longer. It depicts a vision of what the company will look like in the future and sets a defined direction for the planning and execution of corporate-level strategies.

A vision statement is an organization's declaration of its mid-term and long-term goals, stating what they want to become in the future. Vision statements act as a goal for a company to strive toward. Vision statements are often confused with mission statements.

LinkedIn: "Create economic opportunity for every member of the global workforce” Microsoft: “To help people throughout the world realize their full potential” Nike: “To bring inspiration and innovation to every athlete in the world” Oxfam: “A just world without poverty”

a. : the act or power of seeing : sight. b. : the sense by which the qualities of an object (as color, shape, and size) are perceived through a process in which light rays entering the eye are transformed into signals that pass to the brain.

Visioning facilitates the development of an effective comprehensive plan by focusing attention,“on how to organize collective thought and action within an inter-organizational network in which no one person, group, organization or institution is fully in charge”.

What is vision? Vision, in the context of soft skills, refers to the ability to foresee future trends, challenges, and opportunities, and to conceptualize and articulate clear, strategic directions for a team or organization.

Your mission statement is what your company is doing right now, while your vision statement is what you hope to achieve in the future – where you are in this moment versus where you're going.

“The vision is about your goals for the future and how you will get there, whereas the mission is about where you are now and why you exist,” said Paige Arnof-Fenn, founder and CEO of Mavens & Moguls, a global strategic marketing consulting firm.

A business vision is your goal for what your business will be in the future. It will align with your business goals and aspirations. Your business vision is the formal way of communicating your business goals and commitments to others.

Which of the following best defines a vision statement? ›

Answer and Explanation: The answer is B. a statement of what the firm will be in the future. In a company, there are both long-term and short-term goals to be achieved.

Tips For Creating Your Own Vision Statement

Keep it short - max 2 sentences. It must be specific to your business and describe a unique outcome that only you can provide. Use the present tense. Keep it simple enough for people both inside and outside your organization to understand.

Everyone's will look different, but here's an example: “My vision is to be an honest, empathetic and impactful project leader and to be recognized internationally within my industry. I am committed to growing as a leader and delivering value-added projects to the end users.

Vision insurance versus vision discount plans

Vision discount plans: A vision discount plan covers a percentage of your fees for a covered exam or corrective eyewear. It often costs less than vision insurance but may offer less coverage. Vision insurance plans: Vision insurance plans work like a health insurance plan.

The purpose of the vision statement is to tell someone who your organization strives to be, it looks forward and idealizes where you are going. Remember, your vision is your destination and without an end goal, your organization will not be able to develop a strategic direction to guide your work.

A business vision is your goal for what your business will be in the future. It will align with your business goals and aspirations. Your business vision is the formal way of communicating your business goals and commitments to others.