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Why business manager might set as growth as a business objective?
Wiki User
∙ 12y ago
The managers might do this to expand their business into a worldwide organisation making him and all his employees famous but they would most importantly get a massive increase in profit.
Wiki User
∙ 12y ago
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Why business managers might set growth as a business objective?
Growth leads to increased profit, expanding a business will allow it to produce a wide range of products, create a brand name for itself and sustain a position in the market.Also when a business is large it can enjoy economies of scale which will help the business to cut down its cost of production. - Aditta
Explain under what circumstances is a business manager a business administrator?
Explain under what circumstances a business manager might also be a business administrator
Explain under what circumstances a business owner might also be a business manager?
i dont know the answer but i want to know that.how do i get it.
Under what circumstances a Business owner might also be a business manager?
in the first place a business owner is the legal head of the business organization and an assumed member of the board of directors therefore is an inactive manager since he will not be partaking in the day to day activities of the business but he is seen as the manager by legal terms when he also assume the position of the managing director and perform all duties accordingly. .......when the legal head of the business organization is part of the board of directors. ......when the legal head of the business organization is also the formal managing director of the same organization.
What is the management by objectives?
Management by Objective is a management style or philosophy whereby the manager assigns a task (the objective) and gives the employee some freedom of how to achieve that objective. The manager must clearly define the task and specify any limitations such as a deadline, budget, etc. The manager would offer to provide any suggestions, directions or assistance needed by the employee and check on the progress periodically. For example, a manager might ask an employee to cut the lawn around a building and have it done by a certain time. The employee could then decide whether he would cut the front first or the back first. He could decide what direction to go and if/when to take a lunch break, etc.
Why business managers might set growth as a business objective?
Growth leads to increased profit, expanding a business will allow it to produce a wide range of products, create a brand name for itself and sustain a position in the market.Also when a business is large it can enjoy economies of scale which will help the business to cut down its cost of production. - Aditta
Explain under what circumstances is a business manager a business administrator?
Explain under what circumstances a business manager might also be a business administrator
Can you get a branch manager position with an associates degree in business management?
Most places looking for a branch manager will require a Bachelor's degree. If you have an associates degree and have experience performing the duties of a branch manager, a business might consider you.
How objective of a business may change as it grows?
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.
Why manager can not be entrepreneur and why entrepreneur can be manager?
A manager is mostly into managing the business operations and do not go beyond that, he/she might be an employee but an entrepreneur is an individual who owns the business, generate ideas, develop them, implement them, operate them and understand the risks and ready to face them. Thus, an entrepreneur can be both but a manager can not, he/she ( the manager) is only at the managerial post.
Explain under what circumstances a business owner might also be a business manager?
i dont know the answer but i want to know that.how do i get it.
What is an antonym for objective?
Subjective is an antonym for objective. It refers to personal opinions and beliefs rather than facts and evidence.
How the objectives of a business may change as it grows?
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.
Imagine yourself as a new businessman what are the objectives of business that you will keep in mind if you have to launch a new business?
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.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 satisfying - 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
Under what circumstances a Business owner might also be a business manager?
in the first place a business owner is the legal head of the business organization and an assumed member of the board of directors therefore is an inactive manager since he will not be partaking in the day to day activities of the business but he is seen as the manager by legal terms when he also assume the position of the managing director and perform all duties accordingly. .......when the legal head of the business organization is part of the board of directors. ......when the legal head of the business organization is also the formal managing director of the same organization.
What is the job of area manager?
An "Area Manager" by definition will have a geographical area to cover for their company. They will in normal cases have a group of managers spread across that area, who report to them on the business undertaken. I.E. In a retail environment an area manager might have 25 large stores under them, and in each store a manager reporting to that area manager.
What is the management by objectives?
Management by Objective is a management style or philosophy whereby the manager assigns a task (the objective) and gives the employee some freedom of how to achieve that objective. The manager must clearly define the task and specify any limitations such as a deadline, budget, etc. The manager would offer to provide any suggestions, directions or assistance needed by the employee and check on the progress periodically. For example, a manager might ask an employee to cut the lawn around a building and have it done by a certain time. The employee could then decide whether he would cut the front first or the back first. He could decide what direction to go and if/when to take a lunch break, etc.
