What are the meanings of the following (1)mission and (2)vision (in management) ?

1) Mission: The mission of a company or organization is a statement that defines its purpose, goals, and values. It outlines what the organization does, who it serves, and why it exists. A mission statement helps guide decision-making, strategy development, and day-to-day operations by providing a clear direction and focus for the organization.

2) Vision: The vision of a company or organization is a statement that describes its desired future state or long-term goals. It articulates what the organization aspires to achieve and the impact it wants to make in the world. A vision statement inspires and motivates employees, stakeholders, and customers by painting a picture of what success looks like and guiding the organization towards that vision.