ENTREPRENEURSHIP

Detailed explanation-1: -A mission statement is a brief description of the overarching meaning of the company or nonprofit. A mission statement does not explain what a company does or how it does it. It attempts to succinctly explain why a company exists and what its purpose is.

Detailed explanation-2: -A company mission statement is an action-based statement that declares the purpose of an organization and how they serve their customers. This sometimes includes a description of the company, what it does, and its objectives.

Detailed explanation-3: -Where a statement of philosophy defines the values and beliefs of an organization, a statement of mission defines its current and future business activities. This statement should provide a unifying force, a sense of direction, and a guide to decision making for all levels of management.

Detailed explanation-4: -A mission statement is a brief description of an organization’s reason for existence. It succinctly outlines your company’s values and vision, communicating your purpose and direction to employees, customers, vendors, and other stakeholders.

Detailed explanation-5: -A Mission Statement is a definition of the company’s business, who it serves, what it does, its objectives, and its approach to reaching those objectives. A Vision Statement is a description of the desired future state of the company. An effective vision inspires the team, showing them how success will look and feel.