Functional Objectives and Stratagies

Descripción

(BUSS 3) Business Studies Mapa Mental sobre Functional Objectives and Stratagies, creado por skipper_jack el 07/04/2014.
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Mapa Mental por skipper_jack, actualizado hace más de 1 año
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Creado por skipper_jack hace alrededor de 10 años
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Resumen del Recurso

Functional Objectives and Stratagies
  1. Corporate objective
    1. A long term goal that effects the business as a whole
      1. EG - become the first choice supplier
    2. Functional Objective
      1. Contribute to the success of corporate objectives
        1. These can be broken down into different functional areas
          1. HR
            1. Marketing
              1. Public relations
          2. Corporate obective
            1. Increase Profits
            2. Functional objective
              1. reduce costs by 10% (all departments)
                1. Increase sales by 20% (Marketing, Sales Research and development)
              2. These objectives are used to form Stratagies
                1. the strategy is the plan of action to meet Functional and Corporate objectives
                  1. Corporate strategy
                    1. Developed to achieve the corporate objectives
                    2. Functional strategy
                      1. Developed to achieve the functional objectives
                        1. These strategies need to be SMART
                          1. S - specific
                            1. M - mesurable
                              1. A - achievable
                                1. R - realistic
                                  1. T - timebound
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