A2 - Business - Understanding operational objectives

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  • Created by: jkav
  • Created on: 18-12-15 19:55
Operational objectives
Targets set in relation to the production process or provision of a service within a given financial year.
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Quality, cost and volume targets
Operational objectives which set a minimum acceptable standard of provision measured by cost, quality or volume.
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Innovation
The launch of a new product or process, an invention, onto the market for commercial gain.
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Efficiency targets
Operational objectives which set a minimum acceptable standard of provision in relation to efficiency.
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Environmental targets
Operational objectives which set a minimum acceptable standard of provision in relation to the environment.
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Benchmarking
A management tool which aims to increase performance by identifying, investigating and adopting aspects of best practice from other firms.
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Other cards in this set

Card 2

Front

Operational objectives which set a minimum acceptable standard of provision measured by cost, quality or volume.

Back

Quality, cost and volume targets

Card 3

Front

The launch of a new product or process, an invention, onto the market for commercial gain.

Back

Preview of the back of card 3

Card 4

Front

Operational objectives which set a minimum acceptable standard of provision in relation to efficiency.

Back

Preview of the back of card 4

Card 5

Front

Operational objectives which set a minimum acceptable standard of provision in relation to the environment.

Back

Preview of the back of card 5
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