A product vision clearly outlines a company’s core objective and what it wants to deliver to its customers.The product manager is responsible for developing the product vision, seeking feedback from all product team members.Product vision, product vision statement, and Agile vision are interchangeable terms with the same meaning.The best product vision helps visualize the product's state in 5-10 years, not just its current form.Product vision is essential for product strategy, ensuring clarity, and alignment within the product team.Having a clear product vision prevents issues and helps in achieving goals effectively.Product vision unifies the team, motivates stakeholders, and fosters company identity and innovation.The product vision allows long-term planning, enabling companies to set milestones and explore future product iterations.Product managers collaborate with stakeholders, product owners, and team members to define the product vision.Steps to create a product vision include asking questions, market research, defining the product, seeking feedback, and keeping it brief.