The managerial task of developing a strategic vision for a company

concerns deciding what approach the company should take to implement and

execute its business model.

entails coming up with a fairly specific answer to "who are we$,$ what do we do$,$

and why are we here?"

is chiefly concerned with addressing what a company needs to do to successfully

outcompete rivals in the marketplace.

involves deciding upon what strategic course a company should pursue in

preparing for the future afing why this directional path makes good business

sense.

entails coming up with a concrete plan for how the company intends to make

money.