A company vision statement spells out what a business aspires to achieve. Because it articulates how the company will make a difference in the world, it provides company leaders, employees, customers, and investors with a clear understanding—and ongoing reminder—of what a company stands for and where it’s ultimately headed.
A well-crafted vision statement has multiple benefits. It aligns your company’s ongoing decision making because it keeps employees focused on a common objective. It helps with attracting and keeping the best workers, since more than 2 in 3 employees place a high priority on doing work that aligns with their interests. It can also motivate customers (and for bigger companies, investors) who are inspired by your company’s mission and business practices.
In short, your company vision statement will help you:
Inspire your team and focus their efforts
Acquire and keep customers
Plan more effectively
Attract and retain top talent
Improve decision making