Companies are still looking for a holistic approach to change how they operate in this new environment. This process transforms management s motivation to change and existing strategic direction into a commitment to change, a vision and a transformation plan. An enterprise assessment is conducted to provide information concerning internal and external processes for the purpose of developing a vision. The vision provides the nucleus for the transformation plan. The vision is decomposed into goals, strategies and objectives, which are collectively referred to as the transformation plan.
Vision is a clear and concise statement which defines what the organization aspires to become.
A well defined and articulated vision provides the organization with a common sense of purpose. The vision should meet certain criteria. It must focus on strategic advantages - those things which distinguish an organization from others. It must inspire and empower employees to meet the vision. It is composed of goals, strategies and objectives which are derived from the vision.