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Aims and Objectives - Coggle Diagram
Aims and Objectives
Why set objectives:
Settng appropriate budget for each objectives
Can measure the progresses toward stated aims
Motivate employees
Can see current and potential flaws and make changes
Plans can be implemented to achieve target
Keep entrepreneurs focus
Define target clearly
Criteria
Achieveable
Relevants
Measurable
Time
Specific
5 main business aims:
Profit
Survival
Increase market share
Growth
Differences
Aims
Ex: We want to grow business in Europe
General statement of purpose
Objectives
Specific, Measurable target
Ex: We want to achieve sales of 10 mlillion in France by 2026