KLCI

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Vision vs Mission Statement

A lot of time, people think of to be rich, financial freedom or do the thing they like without worry about money. Most of the time we realised only very small % of people achieve what they dream of. one of the reason behind this high failure i think is due to the determination and most people fail to take the first step to create their Vision and Mission Statement (VMS).

Most of companies and corporates do have their VMS. Employees are required to embrace value and objective of the company's VMS. How many of the employee really understand and see the important of VMS statement. May be statements like:
"the Company agreed to pay employee on time" 
"the Company agreed to increase employees' salary by 20% every year"
will catch employees attention.

Remember VMS is developed by the owner of company. The owner understand the important of having VMS. Employees are not trained to think about this VMS thingy. If Employee do, they would have been a Employee.

So for someone that want to be financial free you need a VMS, use the table below to see the difference between V vs M:

	Mission Statement	Vision Statement
About:	A Mission statement talks about HOW you will get to where you want to be. Defines the purpose and primary objectives related to your customer needs and team values:	A Vision statement outlines WHERE you want to be. Communicates both the purpose and values of your business
Answer:	It answers the question, “What do we do? What makes us different”	It answers the question, “Where do we aim to be?”
Time:	A mission statement talks about the present leading to its future.	A vision statement talks about your future.
Function:	It lists the broad goals for which the organization is formed. Its prime function is internal, to define the key measure or measures of the organization's success and its prime audience is the leadership team and stockholders.	It lists where you see yourself some years from now. It inspires you to give your best. It shapes your understanding of why are you working here
Change:	Your mission statement may change, but it should still tie back to your core values, customer needs and vision.	Your vision should remain intact, even if the market changes dramatically, because it speaks to what you represent, not just what you do.
Developing a statement:	What do we do today? For whom do we do it? What is the benefit?	What do we want to do going forward? When do we want to do it? How do we want to do it?
Features of an effective:	Purpose and values of the organization Who are the organization's primary "clients" (stakeholders) What are the responsibilities of the organization towards the clients?	Clarity and lack of ambiguity Paint a vivid and clear picture, not ambiguous Describing a bright future (hope) Memorable and engaging expression Realistic aspirations, achievable Alignment with organizational values and culture