As stated above, a vision statement is a very important part of an organization because it aligns with its mission, core values, and culture. It also guides the strategic plan, because it sets future goals. Similar to a mission statement, a vision statement it’s a living document that is referred to as a lodestar to lead a company to its next innovation. There are also different types of vision statements, as companies have unique core values. For example, a motivational vision statement will both motivate existing employees and also drive talent to the company. They’ll want to work at a place with a business vision that aligns with their personal values. A strong vision statement also works to help differentiate your company from others. All companies want to become profitable, but a company can create a unique vision statement that is appealing to its customers and employees. It’s very easy to get bogged down in the details of your mission statement and the day-to-day challenges of running an organization. That’s why you need a long-term vision statement to guide your efforts and help you plan long-term. Now that we’ve learned what a company vision is, let’s look at the main differences between a vision and a mission statement, and how they relate to each other. Vision Statement vs. Mission Statement The vision statement and mission statement are both equally important for a company as they complement each other and guide the direction of your company. The main difference between them is that the mission statement describes what your company does, while your vision statement explains what the company attempts to achieve in the future. On the other hand, their main similarity is that they both need to align with your company’s core values and culture because all these elements make up your company’s identity and differentiation factors. Once you have your company mission and vision statements in place, the hard work begins. Now you can create a strategic plan, and begin executing your projects. Once the vision statement is in place, the hard work begins. Project management software helps you achieve your goals and objectives. Project Manager does this with one of the most robust Gantt charts on the market. Our work management tool creates a visual timeline, links task dependencies and sets milestones. Now you know what tasks are essential and whether your actual progress is aligned with what you planned. Make your vision a reality by trying our work management software free today.