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Enterprise :, Objectives of private sector business, role of objectives…
Enterprise :
identify customer needs and wants
land
labor
enterprise
capital
entrepreneur
intrapreneur
adding value - process of increasing the diff
Opportunity cost
added value - final difference
business plan
Business fail
economic problem
Objectives of private sector business
profit maximizing
profit satisficing
business growth
survival
sale maximization
market share
Corporate sector responsibility
maximizaing short term revenue
increasing share value
role of objectives framework
set SMART objectives
assess and clarify problems
gather data to analyze problems
analyze strategic options
use appropriate tools to decide between options
plan and implement decision - action!
control and review against objectives
Business Structure
Public sector
Private Sector
primary sector
secondary sector
tertiary sector
quaternary sector
Public sector objectives
infrastructure
convinience
economic and social
living standard
employment creation
business objectives
ethics
culture.
public sector or private sector
size and legal form of the business
number of years operation
maslow hierarchy
reasonable wage (physiological needs)
job security and safe working environment (safety and security needs)
supportive coworkers (social needs)
promotion opportunities (esteem needs)
taking more responsibilities (self actualization)
communicating objs
to understand the company objectives
individual goal fit into company objective
share responsibility
manager regular monitor
customers
fair pricing
maintain good quality
customer service
avoid taking advantage of vulnerable customers
suppliers
long term contract
prompt payment
regular order
quality of product
government
paying correct amount of tax
taxes on time
foreign currency
local communities
environmental problems
secure employment
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:star:
ethical code, code of conduct
:champagne:
:<3:
:<3:
:explode:
:tada:
:confetti_ball:
:smiley:
:fire:
:recycle:
:pencil2:
:tada:
:smiley:
:star:
:star:
:<3:
:tada:
:<3:
:fire:
business accountability to stakeholders
:!:
:explode:
:star:
:<3:
:explode:
:recycle:
:fire:
:black_flag: