what is a definition of aims and objectives in business?
what is a definition of aims and objectives in business
Expanation of SMART OBJECTIVES ie acieveable,measurable.
EXPANATION of how aim and objectives differ between sectors ie private public,not for profit and volutary organisations.
Explain the purpose of businesses and show how aims and objectives enable the business to achieve its purpose
please help thanks
Everything we do should have an Objective or Target
If you played football and the goalposts were removed before hand you might start off enthusiastically but you would soon slow down with nothing to aim at.Same in the business world that is why there are so many sports references in a sales environment.
Objectives should be SMART
S=Specific to keep you focused on what you are trying to do
M= Measurable to determine how well or not so well you are performing
A=Achievable so you can celebrate your success(very important)
R= Realistic because there is no point in trying to kid yourself
T= Timebound also very important if you take the football match that had no goals initially, if the goalposts turned up and to compensate the ref said that he would not blow the full time whistle, you would start off with lots of energy but would run out of steam , so everything we do should have a goal to aim at and set time in which to achieve it.You then have something to analyse
Analysis should be a four part question
1 Where are we
2 Where should we be
3 What is the difference
4 How do we make up the shortfall or how do we keep the positive result going
This should be the same for all sectors private public ,not for profit and voluntary (you will get objections from these last two sectors because profit is a dirty word but you cannot play any game for a draw i.e. make no surplus profit you have got to do your best and analyse the result by using the four questions
