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Why business managers might set growth as a business objective?
Wiki User
∙ 10y ago
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
Wiki User
∙ 10y ago
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Why business manager might set as growth as a business objective?
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.
Who is a management executive?
Minimum education requirements start at a Bachelor's degree. Master's and Doctoral degrees might also be required. An executive manager will need excellent communication, leadership, networking, analytical skills, and an understanding of business finance. Job titles include: President, Vice President, CEO, administrative services managers, marketing managers, financial managers, health services managers, human resource managers and purchasing managers.
Why do you think managers might demand error free documents?
give ma an answer please
Why do you think managers might demand error-free documents?
give ma an answer please
How might managers use the grapevine to their benefit?
By 'planting' information. Allowing certain things to be overheard.
Why business manager might set as growth as a business objective?
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.
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
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.
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.
What is Managerial Meetings?
Managerial meetings are a gathering for managers within a business. They discuss topics related to the business. Some topics they might discuss include expenses, ideas to improve sales, and other things.
Who is a management executive?
Minimum education requirements start at a Bachelor's degree. Master's and Doctoral degrees might also be required. An executive manager will need excellent communication, leadership, networking, analytical skills, and an understanding of business finance. Job titles include: President, Vice President, CEO, administrative services managers, marketing managers, financial managers, health services managers, human resource managers and purchasing managers.
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 do restaurant managers make?
It depends you can take take the rest of the money get from the restaurant after everyone is paid but then that might not be a good idea, plus restaurants is the quickest failing business ever
What is advisory meeting what is managerial meeting?
An advisory meeting might be a meeting of all employees to inform them about upcoming things. A managerial meeting is a meeting of managers to discuss courses of action for a business.
How can a managers point of view affects the progress of business?
A managers point of view could affect the progress of business because the manager is responsible for the people who are working. If the manager thinks they are not doing so good, they will be more likely to keep everyone focused and working. On the other hand if sales are good, they themselves might slack which will likely cause a domino effect.
Why would a business choose to not advertise a job opening?
A business might choose not to advertise a job opening if the hiring managers already know of someone they want to fill the position, or believe they can find someone through personal contact or by working with a recruiter. In the last case, the recruiter might advertise the job, or might use his own existing contacts to identify job candidates.
