Question: What is the difference between a Mission Statement and a Vision Statement? Are they necessary and do they make a difference to stakeholders and employees?

What is the difference between a Mission Statement and a Vision Statement? Are they necessary and do they make a difference to stakeholders and employees? Why or why not (how so and how not)? Give an example of each from a real business. (Note: you must provide a cited example if you choose this question to answer.)
What applied scenarios can you relate to this module's content? What situations have you encountered at school or work that relate to this module's content?

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