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What is the business policy and explain the importance of business policy?
A business policy is : guidelines to facilitate achieve predetermined objective as plan(decision making) involving all levels of the management in any business organisation.It set a statement on the mode and manner how the objectives will be achieved. Without a policy the organisation will function arbitrarily in an anarchic way and may not reach its objectives.
Explain how an organisation could improve the quality of its business information justifying each of their recommendations?
No.
Explain how the objectives of a new business might change as it grows in size?
the large a business grows the more exposed it is and the involved with the external environment
What are the differences between a Human Service Organisation and a business?
A Human Service Organisation differs from a business in its non profitable sense.
Explain trading on equitywhywhenand how it can be used by a business organisation?
A company will generate sales on credit when it trades at a very fast rate. Venture capital is included in managerial and expertise.
What happens to a business if they don't have a business policy?
Policies specify a business organizations response to a situation as a plan in guiding a decision.Policies exist at all levels in the business organisation related to its structural & functional aspects.It is derived from the objectives of the business organisation. Without a policy a business will operate in an anarchic/arbitrary way with no guidelines or objectives at any level of the business organisation.
What are the difference between core purpose and main objectives in business?
core purposes of business means why business do exist? what is the reason for an organisation/business to exist? main objectives means what a business should do or what a business is suppose to do! thanks
What is the business policy and explain the importance of business policy?
A business policy is : guidelines to facilitate achieve predetermined objective as plan(decision making) involving all levels of the management in any business organisation.It set a statement on the mode and manner how the objectives will be achieved. Without a policy the organisation will function arbitrarily in an anarchic way and may not reach its objectives.
Explain how organisational structure supports business aims and objectives?
they help with it
Why should organization have objectives?
Organisation should have objectives because any business unit or enterprise are based on some guidelines. Objectives is necessary inorder to know what any business is upto. How they are regulated. Are they to satisfy want or just maximise profit.
Describe the management activities involved in running a successful organisation?
goal setting. analysis of business. setting objectives.
Explain how an organisation could improve the quality of its business information justifying each of their recommendations?
No.
Importance of business policy to an organization?
Without business policy, the organisation is like rudderless ship in turbulent sea. The business policy envisages the objectives,present activities, future growth prospects etc. in details and accepted as a valid document in every steps of business activity of the organisation.
What are the benefit to a business if setting ethical objectives?
firstly ethical objectves are the goals set by an organisation that fall within an established set of moral guidliness or fair business practices
What is Human Resource Management architecture and positioning?
It is the the vision, mission, objectives, strategies, plans, policies & procedures, activities, values & beliefs of the HR Department reflecting the Organisation's in it's business partnership role to the organisation.
Explain how the objectives of a new business might change as it grows in size?
the large a business grows the more exposed it is and the involved with the external environment
What is the Purpose of procurement in business organizations?
The purpose of procurement within a business organisation is the:extraction of maximum value from each Supplier for the benefit of the businesses goals/objectives;reduction of cost to the business over time;Elimination of cost to the business over time.
