Using objectives and strategies
- Created by: flora murunga
- Created on: 20-11-12 22:38
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- Using objectives and strategies
- Functional Objectives
- a quantified statement of a department's goal which should enable it to contribute to the achievement of the business objective
- Advantages
- Untitleret
- Corporate objective
- a quantified statement of a business's goals which should be measurable
- Advantages
- senior executives can asses progress
- they should be clear so all member in the organisation are aware of the business's goal in which it can be motivating for staff
- ensures that all decisions in the functional areas are based around on the goals of the whole organisation
- they should be clear so all member in the organisation are aware of the business's goal in which it can be motivating for staff
- Disadvantages
- if they are not clear and measurable it can be demotivating for staff working towards these targets.
- senior executives can asses progress
- Examples of corporate objectives
- Maximize return of profit
- Growth
- Survival
- Growth
- Maximize return of profit
- Advantages
- a quantified statement of a business's goals which should be measurable
- functional strategies
- Functional Objectives
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