Mission:
A mission statement is a statement for the purpose of a company, organization or person, its reason for existing. The mission statement should guide the actions of the organization, spell out its overall goal, provide a path, and guide decision-making. It is like a goal for what a company wants to do for the world.
Vision:
A vision statement outlines where you want to be which communicates both the purpose and values of your business. The vision statement focuses on the future; it is source of inspiration and motivation. It describes not just the future of the organization but the future of the industry or society in which the organization hopes to effect change.
Differences:
| Basis | Mission | Vision |
|---|---|---|
| Definition (www.oxforddictionaries.com) |
An important assignment given to a person or group of people, typically involving travel abroad | The faculty or state of being able to see |
| Synonyms | Goal, quest, duty, job and charge | Perception, eyesight, view and optics |
| Antonyms | Pastime, optics, recreation and avocation | Fact, blindness, actuality and sightlessness |
| Word origin | It was originated in the Mid-16th century (denoting the sending of the Holy Spirit into the world): from Latin missio(n-), from mittere ‘send’. | It was originated from Middle English (denoting a supernatural apparition): via Old French from Latin visio(n-), from videre ‘to see’. |
| Time | A mission statement talks about the present leading to its future. | A vision statements talks about your future. |
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| Function | It lists the broad goals for which the organization is formed. Its primary function is internal; to define the key measure or measures of the organization’s success and its prime audience is the leadership, team and stockholders. | It lists where you see yourself some years from now. It inspires you to give your best. It shapes your understanding of why you are working here. |
| Change | Your mission statement may change, but it should still tie back to your core values, customer needs and vision. | As your organization evolves, you might feel tempted to change your vision. However mission or vision statements explain your organization’s foundation, so change should be kept to a minimum. |
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