Summary BUS FP3007 Assessment 1 1.docx Running head: MISSION, VISION, AND ETHICS IN ORGANIZATIONS 1 BUS-FP3007 Vision, Mission, and Ethics in Organizations Capella University Purpose of Mission and Vision Statements One thing that all businesses have in co

BUS FP3007 Assessment 1 Running head: MISSION, VISION, AND ETHICS IN ORGANIZATIONS 1 BUS-FP3007 Vision, Mission, and Ethics in Organizations Capella University Purpose of Mission and Vision Statements One thing that all businesses have in common is that they all have a goal which they are looking to achieve, a plan or strategy on how to reach it, as well as future direction for the evolution of the company. Quite often, businesses communicate these goals, and visions by using tools such as Mission and Vision Statements. A mission statement describes the company s overall objective. The purpose of a mission statement is to outline these ideas and to provide a strategy on how they expect to achieve them. On the other hand, the purpose of a vision statement is to communicate the company s future goals and aspirations of where they would like to be once their mission is fulfilled. These statements serve as i