MANAGEMENT

Detailed explanation-1: -What are mission and vision statements? 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?

Detailed explanation-2: -A culture code simply makes living by your mission statement and values more accessible and achievable. Together, these elements can serve as a differentiating factor for a company-both internally with employees and externally with job candidates and customers.

Detailed explanation-3: -The values statement, also called the code of ethics, differs from both the vision and mission statements. The vision and mission state where the organization is going (vision) and what it will do to get there (mission). They direct the efforts of people in the organization toward common goals.

Detailed explanation-4: -Both the mission and vision statement play an important role in the organization: The vision and mission statements define the purpose of the organization and instill a sense of belonging and identity to the employees. This motivates them to work harder in order to achieve success.