It is God's intent to lead the Israelites out of their slavery in Egypt and restore them to their ancestral homeland.
God appears to Moses in a burning bush to give him preliminary instructions to lead God's people out of their Egyptian slavery.
When Moses became an adult he took the law into his own hands and defended his Hebrew kinsmen against the power of the Egyptians.
The Book of Genesis ends with Abraham's offspring living in comfort in Egypt. God's promises of progeny and prosperity had been fulfilled.
Jacob wants his sons to bury him in Canaan with Abraham and Isaac. Joseph too makes them promise to take his bones back to Canaan when the time comes for the Israelites to return from Egypt.
God had conferred Canaan on Jacob and his family. God promises that He will bring the family back again out of Egypt in His own time.
To provide safety to Jacob's family, God had arranged to bring Joseph into Egypt, followed by Jacob's whole family. God provides for our well-being too.
The hand of God works not only in visions and dreams, but in the seemingly detached decisions of men which God weaves into His divine plan.
Up to the point of today's passage, Jacob was known mainly as an able deceiver. Now he is given the new name Israel, showing that he was to be the ancestor of God's chosen race.
God reaches out to us and makes us part of His plans for His people--not because of our goodness, but simply because of God's providential choice.