What is the difference between Mission Statement and Vision Statement?

A mission statement reflects the main reasons for the establishment of a particular company or business. A mission statement is one that describes briefly the purpose or the reason behind the establishment of the company. When creating a mission statement, it has to be centered on the business makeup, capabilities, and the activities of the company. It must also contain the set of people you are targeting as your customers.

A mission statement should be able to answer how, why your company is into that business, and what your company is all about. On the other hand, a vision statement should reflect your plan for your company in the future. It is not actually about what you are doing presently, but a statement that reflects what the company will become in the future. Having a vision statement is very good because it doesn't only motivate you to do better; it will also motivate your employees to be more committed so that your goals can be realized.

A mission statement is a formal approach to encouraging the company to meet and execute goals that will be beneficial to the future of the company. It is an inspirational speech to get the employees to be more productive. There are organizational goals that need to be established. The mission statement is meant to reflect all of the variables that have a successful company entails.

Its purpose is to answer questions such as what we do, why we do, how we do, and for whom we do. A vision statement, on is one that tells the future position of the entity. It specifies the company’s future goals and principles. It is not changed or altered over time, and it always remains the same. The statement must be clear, helpful, concise, and courteous. A vision statement assists the company in setting out specific intentions, and it is created for the employees, so they are on page with the incentive of the company projects.