BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A purpose statement provides the reason or reasons you exist. It is about why you exist, whereas the mission is about what you do and for whom. This distinction is often difficult to extract from strategic plans or corporate websites.

Detailed explanation-2: -This type of statement is called a purpose statement. A purpose statement conveys a company’s reason for existence, just as the mission statement and vision do, but it also shows the connection between the brand identity and workplace culture of the company.

Detailed explanation-3: -The goal of a mission statement is to describe, in a sentence or two, what makes your organization distinct and different from its competitors. Essentially, a mission statement should accurately define your organization’s guiding principles and unite employees around a common purpose.

Detailed explanation-4: -What are mission and vision statements? A mission statement defines the organization’s business, its objectives, and how it will reach these objectives. A vision statement details where the organization aspires to go.