Great businesses rely on great visions, and great visions start out as small ideas. A vision is an anticipation of that which will or may come to be, an interpretation of the facts at hand to predict the future. Ideas are generally solutions to problems; true visions leverage these solutions to change the future.
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No matter how well thought out and solid, a vision is nothing without a clear path forward. Businesses need a strategy; a method for obtaining their vision. With the pace of business change today, a strategy also needs to be agile and flexible. Constant change requires constant re-evaluation of strategy.
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If a vision is nothing without a sound strategy, a strategy is useless unless it is executed well. A strategy is long term and large scale; to execute a strategy well requires refined tactics and plans to acquire and use resources to accomplish small goals quickly and effectively.
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