What exactly are a company’s mission and vision statements? A vision statement expresses where a company wants to be in future once it achieves its goals. For example, the Alzheimer’s Association’s vision statement is, ‘A world without Alzheimer’s disease.’ This clearly shows us what kind of impact they want to have on the world. A company’s mission statement defines its business, objectives, and approach to reach those objectives. For example, Patagonia’s mission statement is ‘Build the best product, cause no unnecessary harm, use business to inspire and implement solutions to the environmental crisis.’ One can think of a mission statement as an action-oriented vision statement. Importance of the mission and vision statement Goal setting These statements help clearly define a business’s goals and objectives. A good mission statement assists in defining a business’s performance standards. These standards are easily tracked […]