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What happens to a business when they do not meet their aims and objectives?
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What happens if a business doesn't meet its aims and objectives?
If a business doesn't have aims and objectives it will have nothing to work towards. If a business doesn't have anything to work towards they have no idea what they are supposed to do to get back on track. Therefore the employees are not inspired, and may just give up. Then the whole business wil fall apart.
What are the consequences of a business failing to meet its aims and objectives?
severe aids, the diarrhea and dieing......
What happens if a business fails to meet objectives?
you get deported and arrested for immigration then everyone laughs at you like we did to elando
What is a business unit?
A business unit is a portion of a business that works together to meet a specific objective. A business unit can perform well, while the organization can perform poorly.
Explain how the objectives of a business may change as it grows?
Business objectives are the stated, measurable targets of how to achieve business aims.An aim is where the business wants to go in the future, its goals. It is a statement of purpose. Objectives give the business aclearly 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.The most effective business objectives meet the following criteria:S -- Specific -- objectives are aimed at what the business does, e.g.a hotel might have an objective of filling 60% of its beds a night during October, an objective specific to that business.M - Measurable -- the business can put a value to the objective, e.g.€10,000 in sales in the next half year of trading.A - Agreed by all those concerned in trying to achieve the objective.R - Realistic -- the objective should be challenging, but it should also be able to be achieved by the resources available.T- Time specific -- they have a time limit of when the objective should be achieved, e.g.by the end of the year.The main objectives that a business might have are:Survival -- a short term objective, probably for small business just starting out, or when a new firm enters the market or at a time of crisis.Profit maximisation -- try to make the most profit possible -- most like to be the aim of the owners and shareholders.Profit satisficing-- try to make enough profit to keep the owners comfortable -- probably the aim of smaller businesses whose owners do not want to work longer hours.Sales growth -- where the business tries to make as many sales as possible. This may be because the managers believe that the survival of the business depends on being large. Large businesses can also benefit from economies of scale.A business may find that some of their objectives conflict with one and other:Growth versus profit: for example, achieving higher sales in the short term (e.g.by cutting prices) will reduce short-termprofit.Short-termversus long-term:for example, a business may decide to accept lower cash flows in the short-termwhilst it invests heavily in new products or plant and equipment.Large investors in the Stock Exchange are often accused of looking too much at short-termobjectives and company performance rather than investing in a business for the long-term.A business may change its objectives over time due to the following reasons:A business may achieve an objective and will need to move onto another one (e.g.survival in the first year may lead to an objective of increasing profit in the second year).The competitive environment might change, with the launch of new products from competitors.Technology might change product designs, so sales and production targets might need to change.
What happens if a business doesn't meet its aims and objectives?
If a business doesn't have aims and objectives it will have nothing to work towards. If a business doesn't have anything to work towards they have no idea what they are supposed to do to get back on track. Therefore the employees are not inspired, and may just give up. Then the whole business wil fall apart.
What are the consequences of a business failing to meet its aims and objectives?
severe aids, the diarrhea and dieing......
How did oxfam meet their aims and objectives?
they help poor people
What are Coca-Cola aims and objectives How do Coca-Cola meet this aims?
To make money by selling beverages.
What happens if a business fails to meet objectives?
you get deported and arrested for immigration then everyone laughs at you like we did to elando
How does tesco meet its aims and objectives?
gewoon omdat het kan sukkels
What are the main aims of the processes in the Planning process group?
-Determine the actions that must be taken to meet project objectives -Refine project objectives -Defing project scope
How the functional areas in sainsbury's contribute to active the aims and objectives?
The functional areas of Sainsbury's plc are vital in contributing their functions to meet the aims of Sainsbury's corporate objectives. The massive genitalia allows the ramming of floor managers on the meat and fish counters.
What role does IT play in supporting a business meet its objectives?
IT fixes computers and develops software. IT plays an important role in business.
Is Tesco meeting their objectives and aims?
The increasing popularity and constant expansion of the Tesco brand suggests that, as a company, it is successfully meeting its aims and objectives. Some of Tesco's main aims and objectives will be competitive prices, value for money, getting returns on an investment and meeting consumer needs. In Tesco's mission statement they say that their main focus is to retain loyal people. They are trying to meet this statement through the introduction of their loyalty card that offers members exclusive vouchers, money off and offers. If the company is aware of who its loyal customers are then it can but its focus on keeping them shopping at their supermarkets. The main aims and objectives of the brand are similar to those of any retail businesses. None of the objectives will work without another and they blend to help create an ideal that employees of the company should aspire to fulfil. As the supermarket business continues to change and expand, Tesco has had to change its aims and objectives slightly to ensure that they're new target they want to meet is relevant and up to date. Some of the main factors that could lead to Tesco's aims and objectives being changed include; the internet, competition, diversification and going multinational. The popularity of the internet means that any company hoping to promote themselves and expand needs to have a website. In this example Tesco will have had to change their objectives from finding ways to promote stores locally to promoting them across the country for home delivery. Competition has a strong impact on the objectives of a company when the aim changes from making a large profit to making just enough profit but undercutting rivals. By diversifying the company from just selling food to selling everything from pet insurance to cameras, Tesco has changed some of its aims and objectives to meet this focus on products other than food. Meeting its aims and objectives within the United Kingdom means that Tesco has been able to consider expanding in a multinational way. This shifts the focus from it being a leading company in the UK to a leading company in the world.
Explain about the Program management?
Program Management is the process of providing execution certainty to meet the strategic business objectives of an owner.
How do Coca Cola Enterprises meet their aims?
Coca Colas aims and objectives are to ensure a top quality product for their consumers, and to be the best in their market. They ensure this by using high quality products at all of the stages in their production line.
