To achieve the objectives a business sets itself - profit, growth, survival, cash flow, social and ethical objectives
2 of 9
Goals of the whole organisation set in order to co-ordinate the activities of different departments and to give the business a sense of direction. They are based on the mission/corporate aims
Corporate Objectives
3 of 9
An organisation's aims or long-term intentions, its ultimate purpose (which can be referred to as its corporate aims)
Mission
4 of 9
Qualitative statement of an organisation's aims that uses language intended to motivate employees and convince customers, suppliers and those outside the firm of it's sincerity and commitment.
Mission Statement
5 of 9
Goals of each department of a business (marketing, finance, operations, HR). The objectives set by each department should help the organisation to achieve it's corporate objectives, and ultimately its mission.
Functional Objectives
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Goals that must be achieved in order to realise the mission/aims of an individual team. They are medium to long-term.
Business Objectives
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Which are the 5 common business objectives?
Growth, survival, cash flow, profit, social and ethical
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Diversification, market standing meeting the needs of other stakeholders could also be examples of:
Business Objectives
9 of 9
Other cards in this set
Card 2
Front
Another reason why businesses exist
Back
To achieve the objectives a business sets itself - profit, growth, survival, cash flow, social and ethical objectives
Card 3
Front
Goals of the whole organisation set in order to co-ordinate the activities of different departments and to give the business a sense of direction. They are based on the mission/corporate aims
Back
Card 4
Front
An organisation's aims or long-term intentions, its ultimate purpose (which can be referred to as its corporate aims)
Back
Card 5
Front
Qualitative statement of an organisation's aims that uses language intended to motivate employees and convince customers, suppliers and those outside the firm of it's sincerity and commitment.
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