Mission Statement VS Vision Statement Difference And Comparison
Here we discuss about the main differences between Mission Statement And Vision Statement. Both of these statements are great importance in the life cycle of the business. Mission Statement tells us about the purpose of being existence of the entrepreneur. Why the business does come into existence and what to do presently to achieve future targets of the business? For Example, an entrepreneur wants to become market leader. To fulfill this purpose, the entrepreneur makes effective business plan at startup of the business. Conduct Feasibility Analysis. Prepare Effective Business Model to fulfill this purpose of the business. Vision relates to future. What the entrepreneur wants to become in the future. For Example, an entrepreneur wants to become market leader over the next 10 years. Mission Statement provides guidelines that ultimately leads towards effective financial management and creates moral values for the whole system. ...