What is the difference between mission and vision statements?

Can you explain the difference between mission and vision statements?

Sure! A mission statement defines the organization's purpose and primary objectives, while a vision statement outlines what the organization aspires to achieve in the future.

Can you give me an example of each?

Of course! For example, a mission statement might be 'To provide affordable healthcare to all,' while a vision statement could be 'To create a world where everyone has access to quality healthcare.'

Why are both statements important for a business?

Both statements are crucial as they guide the organization's strategy and decision-making, helping to align employees and stakeholders with the company's goals.

How often should a company revisit its mission and vision statements?

It's a good practice to review them every few years or whenever there's a significant change in the business environment or company direction.