8770535
Description
Mind Map by Jonathan Brown , updated more than 1 year ago
|
Created by Jonathan Brown
about 9 years ago
|
|
Aims of Business
- Aims and Objectives
- Survival
- A large proportion of businesses will fail within 12 months so the main aim at the start is survive.
- A large proportion of businesses will fail within 12 months so the main aim at the start is survive.
- Profit Maximaisation
- This is one of the main aims of any business as it will allow them to get the most out of the business by having a high profit margin
- This is one of the main aims of any business as it will allow them to get the most out of the business by having a high profit margin
- Growth
- This is for many firms as they will want to grow the business and have more branches and they want to expand.
- This is for many firms as they will want to grow the business and have more branches and they want to expand.
- Improving the corporate image
- This is normally an aim for larger companies
- This is normally an aim for larger companies
- Concern for the environment
- In recent years consumers what to by products that have not affected the environment during production
- In recent years consumers what to by products that have not affected the environment during production
- Survival
- Alternative Business Aims
- Some businesses do not have the same types of aims as the normal ones.
- Organisations such as NHS will want to provide a High Class Health Service instead of making high profitss.
- Social Enterprises will aim to put back into the community instead of trying to maximise profits or anything like that.
- Some businesses do not have the same types of aims as the normal ones.
- How the aims of a business may be in conflict
- On occasions a business may find that some of it's aims are in conflict
- An Example is when the finance sid eof teh copany is trying to reduce costs but the advertising side wants to put a large billboard add around the local city which will cost lots of mooney.
- An Example is when the finance sid eof teh copany is trying to reduce costs but the advertising side wants to put a large billboard add around the local city which will cost lots of mooney.
- On occasions a business may find that some of it's aims are in conflict
- Ethical and Moral Issues Associated with Business Aims
- Some businesess will find it hard to balance it out but then some can do it.
- Normaly a business will seem to care for the envirnment so that it will keep in check by there moral values
- Other issues are as folows
- Paying fair wages
- Refusing to by goods made in countries where workers are exploited
- Sell "Fair Trade" products
- Recycle paper
- Refuse to sell products tested on Animals.
- Paying fair wages
- Some businesess will find it hard to balance it out but then some can do it.
Want to create your own Mind Maps for free with GoConqr? Learn more.