A mission statement is a formal, short, written statement of the purpose of a company or organization. The mission statement should guide the actions of the organization, spell out its overall goal, provide a sense of direction, and guide decision making. It provides Historically it is associated with Christian religious groups; indeed, for many years, a missionary was assumed to be a person on a specifically religious mission. The word "mission" dates from 1598, originally of Jesuits sending ("missio", Latin for "act of sending") members abroad.
A well written mission statement can tell our story and ideals in less than 30 seconds. Provides the focus when our path forward is not clear. Serves as a “home base.” If well written can help reduce “clutter” in our other documents and processes.
A lot of companies are straying from their proper course of action these days. When a company starts to expand, they start to stray away from their main objective and start pursing something totally different from their business. Such can be a disaster to you and the company so a mission statement is necessary to reaffirm what you are really trying to accomplish.