1.1.2.Business Aims and Objectives

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  • Created by: Zruixx
  • Created on: 16-04-23 21:39
What are Corporate Aims?
Long-term goals of the entire business
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What are Corporate Objectives?
The specific tasks and activities a business must accomplish in order to satisfy the corporate aims
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What does SMART stand for?
Specific
Measurable
Attainable
Realistic
Timely
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What are some common Business Objectives?
Profit Maximisation
Survival
Growth
Social Objectives
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What are the Benefits of Setting Objectives?
- Provide Direction
- Supports planning and operations
- Allows co-ordination of resources
- Ensures all employees are working towards the same aim
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Other cards in this set

Card 2

Front

What are Corporate Objectives?

Back

The specific tasks and activities a business must accomplish in order to satisfy the corporate aims

Card 3

Front

What does SMART stand for?

Back

Preview of the front of card 3

Card 4

Front

What are some common Business Objectives?

Back

Preview of the front of card 4

Card 5

Front

What are the Benefits of Setting Objectives?

Back

Preview of the front of card 5

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