Compare and contrast vision statement with mission statement.

Vision statement	Mission statement
Agreement on a basis vision for which the firm striver to achieve in the long term	Statement of purpose that distinguishes one firm from other similar enterprise.
It states the desired future of the organization	It explains the firm’s reason for existence.
Usually use the bombastic words as to inspire to all employees.	Usually use the simple words as to let the employees understand on the for existence.
It usually are global desired	It usually more specific in particular industry.
Based on long term objectives and it is more futuristic	Based on annual objectives and it is usually in present condition environment.