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In Business,
Different business organisations will have a large number of aims, which will influence the way that they behave. An aim is what a business wants to achieve - This is normally long-term. Aims tend to be where a business wants to be in 1-5 years and this is communicated to all its stakeholders e.g. Employees. Some of the most common business aims are. Some of the most common business aims are shown below. Aims tend to be a general statement of purpose:
· To make a profit - entrepreneurs risk their capital in a business and profit is their reward for risk-taking. If a business is to grow it needs to make a profit. Some of the profit could be used to buy new equipment, staff or premises.
· To increase market share - If a firm is able to increase its market share, it shows that it is winning customers from its competitors; so many businesses have increasing market share as one of their key aims.
· To provide services to costumers - most businesses provide a service to customers and therefore, they need to provide services to customers in order to make a profit.
· To improve the quality of the product or service Â- In most markets, customers have a choice about the product or service that they use. If the quality of a product is not as good as that of its competitors it is likely to loose market share.
In order to achieve an aim objectives are usually set. Objectives tend to be linked to the Aims and are how the Aims are met. A business can have several objectives that are all linked to a single aim. Objectives are measureable targets e.g. we want to achieve sales of €10 million in European markets in 2012.
Most business objectives tend to be:
S M A R T
Specific - objectives are aimed at what the business does.
Measured - objectives can be measured to see if the target has been met.
Achievable - completion of the objectives is possible.
Realistic - objectives can be met with the current resources available to the business
Timed - target is time specific e.g. in 8 months.
Wiki User
∙ 13y ago
Wiki User
∙ 15y agoThe aims and objectives of a company are generally linked to the objective with which the company was formed by its stake-owners. Mostly, apart from charitable organizations and the like, the aim of a company is to increase value of its shareholders.
Wiki User
∙ 13y agoAims are the changes you hope to achieve as a result of your work. They can be divided into different sections
•Social aims
•Profit as an aim
•Commercial aims
•Service as an aim
Business objectives are the stated, measurable targets of how to achieve business aims. Objectives give the business a clearly defined target. Plans can then be made to achieve these targets. This can motivate the employees. It also enables the business to measure the progress towards to its stated aims.
Wiki User
∙ 12y agoa business aim is what they aim to do and a business objective is what they plan to do
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Why have aims and objectives?
Without Aims and Objectives how do you know where your business is heading for the future. You need it achieve your aims of the business.
Why do business's need to set aims and objectives?
Businesses need to set aims and objectives because without aims and objectives there is no meaning to the business. Aims and objectives give meaning to success of planning, directing, staffing, organizations and controlling.
Example of aims and objectives of a business?
aim is objectives
Why are aims and objectives important to a business?
Aims and objectives are important to a business because it gives them a 'sense of direction'- in other words, it shows a business what its goals are and what the business wants to do. There are different types of objectives businesses have and range from corporate objectives that focus on what the business wants to achieve as a whole. Financial objectives that show a business what financial position a firm aims to be in. Other objectives include marketing objectives and HR objectives.
Explain the objectives of business organisation?
these are the goals of the business.they are the outcome or targets that the business wants to gain in order to achieve its aims. the objectives of a business can be derived from its aims.
Why do different sectors of businesses have different aims and objectives?
they have different aims and objectives because they all do different things. Aims and objectives depends on the sector and they type of business
What are the aims and objectives?
The aims and objectives for business are usually revolving around money or sales. These aims and objectives include selling product efficiently and making the most money possible.
Audis business aims aims and objectives?
to be the best in the world for selling cars
Why Businesses change their aims and objectives overtime?
The business environment changes everyday, in order for a company to keep in sync with the business environment they must set themselfs aims and objectives that need to be met. Once aims and objectives have been met, the company can then set new aims and objectives. Hope that answered your question.
What are the business aims and objectives of a community cafe?
gay
What is meant by business aims?
The long term goals of a business are the aims and the objectives are the short term steps you take to get there.
What Is NETTO's business aims and objectives?
to go down the shitter
