MANAGEMENT

Detailed explanation-1: -A mission statement defines the organization’s business, its objectives, and how it will reach these objectives. A vision statement details where the organization aspires to go. Why does your company exist? What do you hope to accomplish in the next several years?

Detailed explanation-2: -Mission and vision statements are concise, inspiring statements that clearly communicate the direction and values of an organization. These statements can powerfully explain your intentions, and they can motivate your team or organization to realize an inspiring vision of the future.

Detailed explanation-3: -The mission statement explains what your business offers, how it does this and who it helps. It captures the overall value of your product or service. If your business follows its mission, it will achieve its vision. As you write your mission statement, remember to make it clear, short and specific.

Detailed explanation-4: -The mission statement provides the direction that is to be followed by the organization while the vision statement provides the goal (or the destination) to be reached by following the direction. It helps to properly align the resources of an organization towards achieving a successful future.