answersLogoWhite

0


Best Answer

Every business has its own aims and objectives which are necessary to carry it to the peak level. Every new businessman wants to grow and develop their business, that's why aims and objectives are created.

Aims and objectives are used to signpost stages in a company's operational targets. These stages are then used by management to establish where the company is in its business journey. In most cases a business using this system will review its aims and objectives as a minimum on an annual basis. However, in the Quality Process they are continually under review and these objectives are used to direct improvements in business operations and also to take in to account changes in the environment in which the business has to operate. Further to this A and O's are used to keep the business from diversifying or fragmenting without suitable controls in place i.e. If a business aim has to be changed because of the business climate them this change is now an Aim and and Objective. and therefore it is recorded as such in the business plan with the reasons for the changes to the operation.

User Avatar

Wiki User

8y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Why do businesses have aims and objectives?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

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


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.


What are the aims and objectives of primary sector businesses?

its a business sectors


What are the aims and objectives of partnership firm?

The aims and objectives of a partnership firm is to provide a service and be successful. All businesses have the same objective and that is to survive.


Why do businesses use aims and objectives?

so they know when they have acheived what the want.


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 would happen with out the aims and objectives?

Without aims and objectives, people, companies or businesses will not have a perspect. they would be lost and confused as they would not know hwere their heading or what they are working towards.


What are the business aims and objectives of next?

The aim and the objective of most of the businesses is to make profits. There are businesses which are established to give back to the community.


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.


What are the aims and objectives of Volkswagen?

Their aims are the same as most other businesses of this size and scale are. 1. Maximise their profits 2. Environmental aims 3. improving corporate image


Aims and objectives of vodafone group?

Objectives and aims


What are the aims and objectives of waitrose?

what are the aims and objectives of waitrose?