Question $26$

The difference between the concept of a company mission statement and the concept of a strategic vision is that a mission concerns what to do to achieve short$-$term objectives, while a strategic vision concerns what to do to achieve longterm performance targets.

mission statement focuses on the methods needed to make a profit, whereas a strategic vision concerns what business model to employ in striving to make a profit.

mission statement deals with what to accomplish on behalf of shareholders, while a strategic vision concerns what to accomplish on behalf of customers.

mission statement typically concerns a company's purpose and its present business scope, whereas the principal concern of a strategic vision is a company's aspirations for its future.

mission statement deals with "where we are headed," whereas a strategic vision provides the critical answer to "how will we get there?"