Business Objectives. Mission Statements (a short statement defining the underlying aims and objectives of the organisation) Provides the framework for.

Slides:

Advertisements

Similar presentations

Investigating people at work

Advertisements

Slide content created by Charlie Cook, The University of West Alabama Copyright © Houghton Mifflin Company. All rights reserved. Chapter Seven Basic Elements.

How Do Goals and Objectives Implement My Strategy?

NBS Strategic Management Division2004/5 Page 1 SM352 Strategy Strategy Mission and Objectives.

The Strategic and Operational Planning Process

Strategic Business Planning for Commercial Producers How Do Goals and Objectives Implement My Strategy?

What is a business Write down what you think the word business means. Then look it up and jot down 2-3 other definitions. To be “in business” means an.

Organisational Objectives

Organization Objectives & Stakeholders

Aim:  To understand the relationship and conflicts between aims, missions, objectives and strategies. Objectives:  Discuss the aims and objectives of.

Business Aims & Objectives

Mission, Aims and Objectives

Organization Objectives & Stakeholders Chapter 3 & Organizational Objectives 1.4 Stakeholders.

Corporate objectives and strategy TOPIC 4.1. An aim is what the business intends to do in the long term It could also be regarded as purpose of the business.

BUSINESS OBJECTIVES.

Strategic Management Foundation Concepts.

Organizational Objectives

Learning Goals …develop your knowledge & understanding of what a goal is … learn how goals can be used to improve learning …practice setting SMART goals.

HOW DO SMALL BUSINESSES OPERATE Business Objectives.

MODULE Organisational Objectives IB BM UNIT 1.

Organizations. What are Organizations? Organizations are “social entities that are goal-directed, are designed as deliberately structured and coordinated.

Strategic Planning: Making Choices in a Dynamic Environment

Organisational objectives CHAPETR 3. SETTING THE SCENE page 22 1.What was their first business Objective? 2.What did June want as a business objective?

1.5.1 Business objectives 1. Learning Outcomes To understand what is meant by a business objective and the objectives available to a business To understand.

1.2 The organisation 1.2.1: Business objectives and their importance

OBJECTIVES are specific targets that must be achieved if the business is to fulfil its aims. AIMS are the overall goals and purposes that the business.

Copyright © Houghton Mifflin Company. All rights reserved.7–1 Elements of Planning.

Dragon’s Den Carlos Antonio Ancira Viejo Elton Nathan Leal Mireles Alejandro Duran Baker.

Business Aims GCSE Applied Business. Mission Statement A mission statement summarises the overall tone and the ethos of a organization of a company. The.

BLB PJConsidine Exploring Corporate Strategy, Seventh Edition, © Pearson Education Ltd 2008/2011 Lecture Week 7 Purpose and Culture (Readings –Chapters.

Geneva Association/International Insurance Society Research Presentation, Chicago Enterprise Risk Management in the Insurance Industry Madhusudan.

The Business Environment

1 Aims and Objectives, Mission Statements. 2 Are they the same? n A hierarchical list of intentions, becoming more specific and measurable as one goes.

Strategic Management formulation

STRATEGIC FOCUS AND COMPETITIVE ADVANTAGES. STRATEGIC PLANNING: EVALUATE THE ENVIRONMENT: SWOT ANALYSIS SWOT Analysis Assessment of Organization’s Internal.

Strategic Management Strategic Management: Concepts and Cases, 11/E Strategic Management: Concepts and Cases, 11/E by Fred David.

 To analyse the impact of ethical behaviour on business activities  To analyse and evaluate business’ social responsibility to stakeholders.

HNC/HND International.  To understand how the purpose of organisations are expressed in terms of vision, mission, values and goals.  To understand the.

Copyright 2000 Prentice Hall2-1 Chapter 2 Strategic Planning: Making Choices in a Dynamic Environment.

CHAPTER 2 Corporate Governance

Success Criteria: Introduction to the different types of BUSINESS OBJECTIVES Learning Intentions: By the end of these lessons you should be able to: identify.

Mission and Vision Statements

The Business Environment and Business Economics

Business Studies Find your chair: Look at the picture what does this mean to you? Be prepared to answer if called upon: This does not require any verbal.

Nature of Financial Management

IB Business and Management 1.3 – Organisational Objectives.

Why do Businesses Exist

Aims, objectives and vision. Vision and values A vision is a motivating summary of what an organisation hopes to achieve. It links the objectives with.

Business Goals People who lead or control businesses usually have a range of goals for the business. They could be general goals such as producing a high.

Where do you see yourself…? Reflect on where you see yourself in 10years time and write this on a post-it note. = 5mins.

1 Aims and Objectives, Mission Statements Geoff Leese Sept 1997 Revised Sept 1998, Sept 2001, Sept 2002, Sept 2003, Sept 2005, Sept 2006, Sept 2007, Aug.

IGCSE Economics Business Objectives Department of Economics and Business DCS.

What are your aims for the year? These can be for both in school and out of school.

BUSINESS AND MANAGEMENT MODULE 1 BUSINESS ORGANIZATIONS & ENVIRONMENT.

Overview for topic – Role of an entrepreneur Entrepreneurial motives and characteristics Business objectives Forms.

Vision, values, culture, mission, aims, objectives, strategy and tactics.

Aims, objectives and mission statements OCR Diploma.

Business and Communication Systems BUSINESS AIMS GCSE Business and Communication Systems.

Aims and objectives Use in conjunction with the Anglo American case study summary THE TIMES 100.

Aims, missions and objectives. Aims Aims are the long-term goals of a business as a whole.

Mission Statements/ Business Aims

The relationship between mission and objectives Mrs Reid Thursday, 29 September 2016 Lesson Objectives: - Analyse mission statements of some top firms.

What is a business Write down what you think the word business means. Then look it up and jot down 2-3 other definitions. To be “in business” means an.

Business Aims & Objectives

1.2 Understanding different business forms

Task 1 In your book, write a short paragraph explaining what business objectives are.

Develop company Mission Statement goals & objectives

The different types of business objectives

The Entrepreneur An entrepreneur is a business person who

Presentation transcript:

Business Objectives

Mission Statements (a short statement defining the underlying aims and objectives of the organisation) Provides the framework for running the business

A mission statement: Gives a sense of direction Helps to motivate members of an organisation Assists with the marketing of the organisation Shapes the values of the organisation

Factors Determining Business Objectives The size and status of the firm Business culture Risk Internal pressures e.g. a new member of top management External pressures e.g. changing market trends Long term business goals Public/private sector business Age of the business

Hierarchy of Objectives Mission statement Objectives about employee satisfaction Objectives about customer satisfaction Objectives about cutting pollution. Objectives about market share Objectives about returns to shareholders Objectives about reducing waste etc.

Successful Objectives 1. Quantifiable 2. Challenging 3. They need to be attainable 4. They should be understandable so that they are easy to communicate

Objectives need to be SMART S pecific M easurable A chievable R ealistic T ime related

Main Business Objectives 1. Survival 2. Profit 3. Growth

Types of Business Objectives Short term - Stem from the main goal and this is called a mission statement. Long term - Indirectly lead to something else.

Internal Conflicts on Objectives 1. Time 2. Finance 3. Geographical location 4. Conflict of Interests

External Conflicts on Objectives 1. Competition 2. Government Policy 3. Economy 4. Ethics