The benefits of the mission statement are that it clarifies what the company DOES and does NOT do, which allows greater ability to focus on quality. People can have mission statements, too. A personal mission statement clarifies why YOU exist. It provides boundaries in your life that can be very useful in keeping your focus on the goals you have for your life. Mission Statements must be dynamic, by that I mean that a mission statement’s value is in its active guidance in your life.
For more on this check out this short video: