A mission statement and a vision statement are two distinct concepts in strategic planning.
A mission statement describes the organization's current purpose and function. It explains why the organization exists, what it does, and who its primary stakeholders are. It's about the present state of the organization.
On the other hand, a vision statement outlines the organization's aspirations for the future. It provides a clear picture of what the organization hopes to achieve in the long term. It's about the future state of the organization.
Both are important for guiding an organization's decisions and communicating its purpose and direction to stakeholders.
Learn from tech superstar Peter Thiel (PayPal, Palantir) and his protégé Blake Masters why the only...
View summary