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Emma Rudd

Objectives and Strategy

A firm's objective is its overall target once a firm has established its objective it can
then decide on the best way of achieving this ­ its strategy. Different organisations will
have different objectives, for example firms might seek to innovate or to grow…

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Emma Rudd

Financing Growth
In order to grow a firm will need to have the finance necessary to acquire resources
such as new premises or equipment or to hire new staff. This finance can from internal
and external sources.

Internal sources of Finance include:
Retained Profits ­ the firm can…

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Emma Rudd

jobs, help each other out and generally deal with things as and when they come up; there
may not be formal job descriptions at this stage.

If however growth continues it may be necessary to develop a more formal structure
within the organisation. To avoid too many people…


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