A vision is a mental image of the desired future state of an organization that the company strives to achieve.
Vision:
• shows where the company is heading,
• is aspirational, motivating, and long-term,
• sets the direction for development and inspires employees.

A mission is a short, precise statement of the company's most important goals and the reason for its existence.
Mission:
• answers the questions of what the company does, for whom, and how,
• defines values and principles of operation,
• is more concrete than the vision.

A strategy is a detailed action plan that determines how the company will achieve its mission and vision.
Strategy is ‘more detailed and contains specific information on the methods the company intends to use to achieve its set goals.’
Strategy:
• translates the vision and mission into specific goals, actions, and resources,
• includes decisions regarding markets, products, processes, and competitive advantage,
• is the basis for management and planning.