ENTREPRENEURSHIP

Detailed explanation-1: -Mission statement-expresses the specific aspirations of a company, the major goals for which it will strive.

Detailed explanation-2: -A mission statement is a concise explanation of the organization’s reason for existence. It describes the organization’s purpose and its overall intention. The mission statement supports the vision and serves to communicate purpose and direction to employees, customers, vendors and other stakeholders.

Detailed explanation-3: -A vision statement establishes the scope and purpose of a company and reflects its values and beliefs. A mission statement expresses the specific aspirations of a company, the major goal for which it will strive. Both are essential to establishing the goals and objectives of a business.