Please enable JavaScript.
Coggle requires JavaScript to display documents.
AS Business Objectives :explode: (Corporate objectives (Increasing market…
AS Business Objectives :explode:
SMART objectives
Achievable
Realistic and relevant
Measurable
Time-specific
Specific
Hierarchy of objectives
Corporate objectives
Divisional objectives
Mission
Departmental objectives
Aim
Individual targets
Corporate objectives
Increasing market share
Survival
Growth
Profit satisficing
Maximising short term sales revenue
Profit maximisation
Maximising shareholder value
Corporate social responsibility
Communicating management by objectives (MBO)
Employees seeing the overall plan
Creating shared employee responsibility
Employees + managers achieve more
Managers keep track of employees progress
Factors that determine corporate objectives
Public or private sector
Years business has been operating
The size and legal form of business
Divisional, departmental + individual objectives
Corporate culture
Ethical code
Company's rules and guidelines on staff behaviour