The vision of the future needs to be crystallised in order for the company or department to function successfully.
This should first be done by senior management.
Once agreed, with the involvement of mid-level leaders and other key people, the work continues. It is necessary to determine what can be relied on and what your values are.
A stakeholder analysis and a PEST type analysis are both required. The vision can be used to refine long-, medium- and short-term goals and to develop an appropriate strategy.