Section 1 Mission, aims and objectives

HideShow resource information
  • Created by: 10daviesl
  • Created on: 17-04-17 13:33
View mindmap
  • Section 1 Mission, Aims and objectives p3-p5
    • Mission Statements
      • overall purpose and aim of the business
        • Gives staff a shared purpose
    • Business set objectives at different levels
      • Corporate objectives
        • Goals of the business as a whole
      • Functional objectives
        • Departmental objectives
      • Get everyone to work towards the same goal
        • Managers can also compare performance to previous years
    • Objectives should be SMART
      • Specific
      • Measurable
      • Achievable
      • Realistic
      • Timed
    • Different types of objectives
      • Profit objectives
      • Growth objectives
      • Survival objectives
      • Cash flow objectives
      • Social and ethical objectives
        • Social objectives to better society
        • Non profit organisation
      • Short term and long term objectives
        • set the direction of the business
        • Survival
        • Short term profit

Comments

No comments have yet been made

Similar Business Studies resources:

See all Business Studies resources »See all business resources »