Business Aims, Objectives and Stakeholders notes
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This GoConqr page gathers notes on business aims, objectives and stakeholders, from measuring success to relationships between stakeholders. It is for school students revising these topics and teachers looking for ready-made material. There are over 10 notes, mostly at school level, with some university-level material. Choose a note to begin.
Notes
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Power Matrix and Stakeholder Analysis The Power Matrix Stakeholder Analysis
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(1) Additional Notes Interest Groups: are organisations representing a group of people who share a common interest or goal. They try to influence the decisions of other stakeholders by promoting their views. Use radio, TV, print medi...
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Untitled Corporate objectives tend to focus on the desired performance and results of the business. It is important that corporate objectives cover a range of key areas where the business wants to achieve results rather than f...
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Relationships Examples Entrepreneur and Investor Co-Operative Relationship The entrepreneur comes up with a good idea for a business Creates a detailed business plan with future profit projections The investor decides to invest their money ...
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(2)Corporate Aims, Mission and Culture Aims - generalized statement of where you are heading (Objectives can be set)Mission - passionate way of expressing an aimCulture - ethos of the business (Ideas/attitudes among the workforce)Mission Statement - puts c...
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Business Objectives BUSINESS OBJECTIVES: E.G. If the business' AIM is to maximise profit then the OBJECTIVE might be earn over £10,000 in revenue or keep overall costs to a minimum of £8,000. Specific busi...
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Chapter 1 Why business exist Show what they can do Create income Growth Survival Create reputation Mission & Objectives-Mission is the aim for the business-Aim is a general statement of where a business is heading-Mission state...
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Objectives business Key Point: There will always be a range of business objectives: Profit maximisation (where MR=MC) Revenue maximisation (sales revenue) – where MR=zero Increasing and protecting market share Surviving an economic downt...
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Business objectives Key Definitions: Mission statement: a statement of the businesses's core aims, phrased in a way to motivate employees and to stimulate interest by outside groups e.g Google 'to organise the world's informati...
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How can success be measured? How can success be measured? Definitions Profits - the rewards for risk-taking. Profit is the difference between the amount of revenue earned by a firm and the total costs of producing the goods and services that busi...
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Using Objectives and Strategies Definitions Business Objectives- goals or targets that must be achieved in order to realise the stated aims of an organisation. Objectives tend to be medium- to long-term. Corporate Objectives- the goals or targets of the whole o...
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Stakeholder Stakeholders employees a person employed for wages or salary, especially at non-executive level.how do employees influence business? They can influence the success of an organisation by their productivity and efficien...
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(5) Responsibilities to stakeholders & society Stakeholder - an individual or group that has an effect on and is affected by the activities of an organisationShareholder - an owner of a company Shareholder value - company share price Pressure G...
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Untitled_1 Chapter 2-business aims and objectives · Mission Statement -A summary of the aims and values of a company eg Chanel’s mission statement: “To be the Ultimate House ...
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Exam Question p. 3 "Q1: To what extent do businesses only exist to make a profit?" (10 marks)This all depends on the business and its objectives - most businesses do exist to make a profit, and they have to make a profit or break even t...
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Relationships Between Stakeholders Co-Operative Relationship Stakeholders work together towards a common goal. This helps to ensure better results than if both stakeholders worked independently or against each other This creates a win-win s...
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Stakeholder Objectives Stakeholders- A person or group who has a direct influence on the business entity.Stakeholder Groups Owners Managers Employees Suppliers Customers Creditors Society Government OwnersInfluenceSeen as the most powerfulR...
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About business aims, objectives and stakeholders notes
GoConqr OriginalBusiness aims, objectives and stakeholders notes
These notes cover business objectives, ways to measure success and relationships between stakeholders. Some focus on definitions: Using Objectives and Strategies Definitions explains business and corporate objectives. Others explore examples, including a note on interest groups and how they try to influence stakeholders.
How to use the notes
Start with Business Objectives for an example linking a business aim to an objective. Then read Using Objectives and Strategies Definitions and compare the wording. Jot down the terms you want to remember, and check them against the notes.
For stakeholder revision, try Relationships Examples, which describes relationships such as entrepreneur and investor. You can then look at Stakeholder Objectives and Relationships Between Stakeholders.
Once you have read the notes, switch to a quiz on the unit page to check your recall, or use flashcards for a shorter review of terms. Explore the notes and follow the topics you need to revise.
Frequently asked questions
Which note is a good place to start?
Start with Business Objectives if you want an example of how an aim and an objective can relate. For definitions, read Using Objectives and Strategies Definitions next. You can compare the terms in the two notes and write down any distinctions you want to revisit.
What do the notes cover about stakeholders?
The page includes Stakeholder Objectives and Relationships Between Stakeholders, as well as Relationships Examples. The latter describes relationships such as entrepreneur and investor. Another note introduces interest groups and explains how they try to influence the decisions of other stakeholders.
Are these notes free to use?
Yes. Every note listed here is free to open and study without an account. The resources were made by GoConqr users, so you can explore different notes on the same topic. A free account also lets you save quiz scores and make your own quizzes, mind maps, flashcards and notes.