Planning consists of translating and organizations mission and vision into objectives. The organization's purpose is expressed as a mission statement, and what it becomes is expressed as a vision statement; both should represent the organization's values, expressed in a value statement. From these are derived strategic planning, then tactical planning, then operational planning.

In 300 words or more:

1. In your own words, Compare mission, vision, and value statements.

2.In your own words, explain why it is important for a company to a mission, vision, and value statements.

3.In your own words, how do you see applying them in your business career?