Explain the Difference Between a Vision and a Mission

question 73

Essay

Explain the difference between a vision and a mission.What role does a firm's vision statement play in corporate and competitive strategies?

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Definitions:

Equal Employment Opportunity

Policies and laws that ensure all employees and job applicants have an equal chance for employment and advancement without discrimination based on non-job-related factors.

Pay Gap

The disparity in earnings between different groups of people, often highlighted between genders, ethnicities, or other demographic categories.

Gender Pay Gap

The average difference in payment or income between male and female employees for doing the same job or jobs of equal value.

Equal Pay Act

A law aimed at abolishing wage disparity based on sex by ensuring that men and women receive equal pay for equal work.