ENTREPRENEURSHIP

Detailed explanation-1: -A mission statement defines what an organization is, why it exists, its reason for being. At a minimum, your mission statement should define who your primary customers are, identify the products and services you produce, and describe the geographical location in which you operate.

Detailed explanation-2: -A mission statement defines what line of business a company is in, and why it exists or what purpose it serves.

Detailed explanation-3: -A mission and vision statement act as an invisible hand that guides the people in the organization. A mission and vision statement explains the organization’s reason for being and answers the question, “What business are we in?”

Detailed explanation-4: -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.