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Give each part of hierarchy of objectives
Aim,mission, business objectives, divisional objectives,department objectives, individual targets
What is the influences on business objectives.(5 factors)
Business culture, The size and legal form of the business, Private sector or public sector, The number of years the business has been operating, ethics
What is the SMART
Specific, measurable, achievable, realistic, time-limited.
What is the objectives of private-sector businesses
Profit maximisation, profit satisficing, growth, increasing market share, survival
Social enterprises have three main aims.FInd this three main aims
economic, social, environmental
To discover, develop and provide innovative products and services that save and improve lives around the world.
Merck
‘To organise the world’s information and make it universally accessible and useful.’
Google
‘To empower every person and every organisation on the planet to achieve more."
Microsoft
‘To invest resources in the making of a digitally connected world." Which company's mission statement.
Huawei
‘We will devote our human resources and technology to create superior products and services, thereby contributing to a better global society.’ Which company's mission statement is?
Samsung
..... are an attempt to condense the central purpose of a business’s existence into one statement.
Mission statement
What is the seventh role of objectives in the stages of business decision-making
Review its success against the original business objectives
What is the sixth role of objectives in the stages of business decision-making.
Plan and implement the decision.
what is the fifth role of objectives in the stages of business decision-making
Make the strategic decision
what is the fourth role of objectives in the stages of business decision-making
Analyse the likely impacts of all decision options on the chance of achieving business objectives
What is the third role of objectives in the stages of business decision-making
Gather data about the problem and identify possible strategic solutions.
What is the second role of objectives in the stages of business decision-making
Assess and clarify the problem that requires strategic action.
What is the first role of objectives in the stages of business decision-making(In book)
Set objectives to provide focus for strategic decisions.
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