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A mission statement expresses an organizations reason for being in existence, and a vision statement expresses what that organization would like to become.
A mission statement gives a definition of the business of that organization, it helps to tell the goals, objectives and how they hope to attain these goals.
A vision statement on the other hand is a statement that gives a description of the future of the organization. It tells what the organization would love to attain in the future.
Both the vision and the mission statement are combined to give the statement of goals, objectives and value of the organization.
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