ENTREPRENEURSHIP

Detailed explanation-1: -A mission statement is a statement of the organization’s purpose-what it wants to accomplish in the larger environment. A clear mission statement acts as an “invisible hand” that guides people in the organization. It should be market oriented and defined in terms of satisfying basic customer needs.

Detailed explanation-2: -An organizational mission, also known as a mission statement, is a brief, broad statement about an organization’s goals and how it intends to meet those goals. It often addresses what the organization offers and how it hopes to serve its customers, community, employees, investors or other stakeholders.

Detailed explanation-3: -Mission statements define your organization’s purpose and its primary objectives. They are set in the present tense, and explain why you exist as a business, both to members of your organization and to people outside it. Mission statements tend to be short, clear and powerful.

Detailed explanation-4: -The vision statement describes where the organization wants to be in the future; the mission statement describes what the organization needs to do now to achieve the vision. The vision and mission statements must support each other, but the mission statement is more specific.