GENERAL KNOWLEDGE

Detailed explanation-1: -mission. a short, specific statement of the business’s purpose and direction. vision. a broad, lasting, and often inspirational view of a company’s reason for existing.

Detailed explanation-2: -Strategic goals These are goals–often big picture, qualitative, long-term goals–an organization aims to achieve. They may also be referred to as strategic goals.

Detailed explanation-3: -Strategic planning lays out the long-term, broad goals that a business or individual wants to achieve. And tactical planning outlines the short-term steps and actions that should be taken to achieve the goals described in the strategic plan.

Detailed explanation-4: -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-5: -A mission statement defines what line of business a company is in, and why it exists or what purpose it serves. Every company should have a precise statement of purpose that gets people excited about what the company does and motivates them to become part of the organization.