A vision statement is a statement of the long-term goals and aspirations of an organization. There are several words that can be used as synonyms for a vision statement, including mission statement, purpose statement, philosophy statement, and goal statement. A mission statement is focused on the actions or activities that an organization undertakes to achieve its vision. Purpose statement emphasizes the reason why an organization exists. Philosophy statement emphasizes the values and beliefs of the organization, while goal statement focuses on the specific measurable goals and objectives an organization hopes to achieve. These synonyms all capture different aspects of an organization's strategy and purpose, making it important for organizations to choose the one that best fits their needs.