The managerial task of developing a strategic vision for a company

entails coming up with a persuasive explanation of how the company intends to please customers and be

attractively profitable.

entails determining "what strategy should we pursue to achieve good performance and gain a competitive

edge over rivals."

involves deciding upon the route a company intends to take in developing and strengthening its business; a

strategic vision lays out the company's strategic course in preparing for the future.

is chiefly concerned with addressing what a company needs to do to successfully outcompete rivals in the

marketplace.

concerns deciding what business approaches and operating practices the company should utilize in

implementing and executing its strategy.