ECONOMICS

Detailed explanation-1: -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. Why does your company exist? What do you hope to accomplish in the next several years?

Detailed explanation-2: -Mission statements help employees see the meaning and purpose of their work by giving them clear reasons their job benefits a larger goal. Mission statements help employees see the positive aspects of their daily activities, boosting morale and creating long-term employee investment in the workplace culture.

Detailed explanation-3: -Vision – We believe that we are on the face of the earth to make great products, and that’s not changing. Mission – Bringing the best user experience to its customers through innovative hardware, software and services. Apple’s vision statement is clear, concise, and to the point.

Detailed explanation-4: -The importance of an organization to develop a vision, mission, and values is important for strategic direction. Without the individual foundations of strong values illustrated by a vision to be undertaken by a mission, an organization cannot become an overly successful organization.