Fichas
Framework for activity
Fichas del conjunto (8)
- 1What are the main aims of businesses?Making a profit
Sales growth
Expansion
Customer satisfaction
Being environmentally friendly
Being ethically and socially responsible - 2What is the difference between a business aim and a business objective?An aim is a goal that a business wants to achieve whereas objectives are the steps a business takes to achieve its aim.
- 3What do businesses use to measure their objectives?SMART targets
- 4Explain the acronym SMART targetS-specific-aimed at what the business does
M-measurable-adding a value to an objective
A-achievable-can be met!
R-realistic-given all available resources
T-time specific-set time limit - 5What conflicts might affect a business achieving its business objective?Growth vs profit
Short-term vs long-term - 6Name two benefits of a business setting business objectives1. Everyone in the business has a clear idea of what they are trying to achieve
2. Objectives can motivate employees as they know what they are trying to achieve
3. The business can measure its progress towards the stated aims - 7What is a mission statement?A mission statement outlines the business' vision - what it wants to stand for and achieve in the future
- 8Why is it important that a business has a mission statement?1. It gives the business something to aspire to
2. It provides a framework to set the aims and objectives of a business
3. It provides prospective employees with an insight into what type of business it is
Información
- Descripción
- Aims, objectives and mission statements
- Creado por
- Sue Salih
- Visitas
- 63
- Valoración