A "Product Vision" is a clear and concise statement that outlines the long-term goals and purpose of a product. It serves as a guiding star for the development team, helping them understand what they are working towards and why it matters. A strong product vision aligns the team’s efforts and inspires them to create solutions that meet user needs. This vision is often shared with stakeholders, including customers and investors, to communicate the product's potential impact. It helps in decision-making processes and prioritizing features, ensuring that everyone involved is on the same page regarding the product's future direction.