Explanation:

While the value proposition paints a picture of your company as it is today, your vision statement is typically a one- to two-paragraph statement that outlines what your organization wants to be. It summarizes how you wish your company to be viewed both internally by employees and externally by the marketplace. Often inspirational, it includes your “vision” for the company’s direction for the near- and long-term future (i.e., “We will be the largest plumbing supplies company in the Northeast U.S.”).
 
Some people interchange the terms “vision statement” and “mission statement.” But the two are quite different. A vision statement is a descriptive picture of a desired future state; a mission statement presents how you intend to achieve that vision.