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Business Objectives - Coggle Diagram
Business Objectives
Growth
How business grow?
Market Development
Product ot Service Diversification
Market Penetration
Benefits of Growth?
Increased Profitability & Financial Strength
Enhanced Market Position & Competitiveness
Opportunities for Innovation and Talent Attraction
Why do Businesses Grow?
Market Demand & Opportunity
Competitive Advantage
Increased Profitability
How to measure Growth?
Operational Metrics
Customer Metrics
Financial Metrics
Ethical objectives
What are some advantages of ethical business objectives?
Improved Employee Morale & Productivity
Legal & Regulatory Compliance
Enhanced Reputation & Trust
What are some disadvantages of ethical business objectives?
Increased Cost
Competitive Disadvantage
Complex Decision Making
What is business ethics?
Balancing Profit & Morality
Stakeholder consideration
Moral Principles in Business
Profit
How do you measure profit?
Gross Profit
EBITDA
Net Profit Margin
How do businesses make more profit?
Cost Reduction
Price Optimization
Market Expansion
What is profit?
Measure of Success
Reward & Reinvestment
Financial Surplus
Protection of Shareholder Values
How do you protect shareholder value?
Dividend Payments & Share Buybacks
Strategic Planning & Risk Management
Effective Governance & Transparency
Why do businesses need to protect shareholder values?
Legal Obligation
Access to Capital
Investor Confidence