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Achieving Business Goals - Coggle Diagram
Achieving Business Goals
Social
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developing social rapport with customers generates word of mouth, growth/reputation
Dominant market share + environmentally sustainable circumstances influences cliental to adapt their interactions with the world accordingly= money + growth
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People invest in companies they appreciate + value + respect + more investment in shares that are consistent in nature
Environmental
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By having a directly established reputation/market share you have more capital/assets/money to spend on developing environmentally sustainable products.
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Share Price
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A business that strives to be environmentally sustainable is seen as one worthy for growth for future prospects = more clients investing in shares
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Profit
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Grow/expand to a new environment, business can cater to a diverse target market therefore increase in customer base= more money
more expansion to different locations/size of business= more customers= more outputs sold= TQM more profit due to less costs
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To dominate the market an innovative and enviro sustainable product that is product effectively is required= $$$
money allows the business to improve quality, reduce costs = more $$$ to promote/dominate the market.