GENERAL KNOWLEDGE

Detailed explanation-1: -A company mission statement establishes a clear understanding of your company’s purpose and what it delivers to customers. A company mission statement is an action-based statement that declares the purpose of an organization and how they serve their customers.

Detailed explanation-2: -So, what is the difference between the two? Do you even need both? A purpose statement provides the reason or reasons you exist. It is about why you exist, whereas the mission is about what you do and for whom.

Detailed explanation-3: -The mission statement defines an organization’s purpose or reason for being. It guides the day-to-day operations of the organization, communicates to external stakeholders the core solutions the organization provides in society and motivates employees toward a common near-to-medium term goal.

Detailed explanation-4: -The mission statement is sometimes referred to as the statement of purpose of an organization. It essentially identifies and provides the framework for why your company exists and operates.