1 Analyse the importance of business objectives for the firm. [6]

Ch 5 Business objectives and stakeholder objectives

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Abbas17
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Re: 1 Analyse the importance of business objectives for the firm. [6]

Post by Abbas17 »

(KN) Clear sense of direction to develop strategies.
(AN) Increased effectiveness (productivity in right direction) rather just efficiency (productivity)
(AN+) Leading to aligned efforts by the individuals (employees), reducing conflicts.

(KN) Develops sense of accountability for business, departments & employees
(AN) Leading to clear appraisal system for departments & employees
(AN+) Motivating staff in case of short set objectives are achieved.
Hussain Asghar
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Re: 1 Analyse the importance of business objectives for the firm. [6]

Post by Hussain Asghar »

[KN]Clear sense of direction to develop strategies.
[AN] Increased effectiveness (productivity in right direction) rather just efficiency (productivity)
[AN+] Leading to aligned efforts by the individuals (employees), reducing conflicts.

[KN] Develops sense of accountability for business, departments & employees
[AN] Leading to clear appraisal system for departments & employees
[AN+] Motivating staff in case of short set objectives are achieved.
Abdur Rafay1
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Re: 1 Analyse the importance of business objectives for the firm. [6]

Post by Abdur Rafay1 »

Developing strategies
Developing strategies may help the business achieve its objectives faster as they use the strategies for their complete advantage and efficiency

Setting up tasks
By setting up tasks on a board in the middle of the office employees will look at the board and be reminded of the business objectives and there could be more on the board such as daily reminders ans motivation for the employees thus the employees will never fail to complete objectives and will stay sharp
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