Strategic vision refers to a clear and compelling long-term goal that guides an organization’s direction and decision-making. It outlines what the organization aims to achieve in the future and serves as a framework for developing strategies and initiatives. A strong strategic vision helps align the efforts of all members of the organization towards a common purpose. Having a strategic vision is essential for effective leadership, as it inspires and motivates employees to work towards shared objectives. It also aids in identifying opportunities and challenges in the market, allowing organizations to adapt and thrive. Examples of strategic vision can be seen in companies like Apple and Tesla, which focus on innovation and sustainability.