business objectives ppt
TRANSCRIPT
![Page 1: business objectives ppt](https://reader033.vdocuments.us/reader033/viewer/2022061117/5468650ab4af9f0e518b461d/html5/thumbnails/1.jpg)
![Page 2: business objectives ppt](https://reader033.vdocuments.us/reader033/viewer/2022061117/5468650ab4af9f0e518b461d/html5/thumbnails/2.jpg)
SUBJECT COMMERCE-I
PROF. RUPALI JAIN 30th July 09’
![Page 3: business objectives ppt](https://reader033.vdocuments.us/reader033/viewer/2022061117/5468650ab4af9f0e518b461d/html5/thumbnails/3.jpg)
BUSINESS
DEFINATION
Urwick and Hunt: "Business is any
enterprise which makes, distributes or provides
any article or service which other members of
the community need and are able and willing to
pay for.“
![Page 4: business objectives ppt](https://reader033.vdocuments.us/reader033/viewer/2022061117/5468650ab4af9f0e518b461d/html5/thumbnails/4.jpg)
FEATURES
o Economic activityo Profit makingo Satisfaction of wantso Risk takingo Dealing in goods and serviceso Continuous activityo Innovative and dynamic in natureo Subsystem of the societyo Occupationo Legal control
![Page 5: business objectives ppt](https://reader033.vdocuments.us/reader033/viewer/2022061117/5468650ab4af9f0e518b461d/html5/thumbnails/5.jpg)
BUSINESS OBJECTIVES
INTRODUCTION Every business unit is established in
order to attain certain well-defined objectives. Attainment of these objectives is the only way an organization can justify its setting-up and existence. It is very important that every business unit decides and pursues a set of well-defined business objectives.
DEFINATION McFarland: "Objectives are the
goals, aims or purposes that organization wish to achieve over varying period of time".
![Page 6: business objectives ppt](https://reader033.vdocuments.us/reader033/viewer/2022061117/5468650ab4af9f0e518b461d/html5/thumbnails/6.jpg)
FEATURES
Multiplicity of objectives
Hierarchy of Objectives
Measurable
Different types
Flexible
![Page 7: business objectives ppt](https://reader033.vdocuments.us/reader033/viewer/2022061117/5468650ab4af9f0e518b461d/html5/thumbnails/7.jpg)
WHY ARE BUSINESS OBJECTIVES NEEDED?
Flexible
Understandable
Realistic
Quantitative
Time-frame specific
![Page 8: business objectives ppt](https://reader033.vdocuments.us/reader033/viewer/2022061117/5468650ab4af9f0e518b461d/html5/thumbnails/8.jpg)
IMPORTANCE OF BUSINESS OBJECTIVES
Framing rules,policies and procedures.
Helps in ascertaining the resource requirement.
Provides direction to the activities.
A set of well defined objectives enable a firm to assign duties to the employees
Provides the basic for measuring and evaluating employee performance
![Page 9: business objectives ppt](https://reader033.vdocuments.us/reader033/viewer/2022061117/5468650ab4af9f0e518b461d/html5/thumbnails/9.jpg)
Help the managers in taking rational decisions.
Universal application. Justifies the very existence of a company.
![Page 10: business objectives ppt](https://reader033.vdocuments.us/reader033/viewer/2022061117/5468650ab4af9f0e518b461d/html5/thumbnails/10.jpg)
![Page 11: business objectives ppt](https://reader033.vdocuments.us/reader033/viewer/2022061117/5468650ab4af9f0e518b461d/html5/thumbnails/11.jpg)
ECONOMIC & SOCIAL OBJECTIVES
ECONOMIC OBJECTIVE Profit earning Creation of customers Regular innovations Best possible use of resources
SOCIAL OBJECTIVES Production and supply of quality goods
and services Adoption of fair trade practices Contribution to the general welfare of
the society
![Page 12: business objectives ppt](https://reader033.vdocuments.us/reader033/viewer/2022061117/5468650ab4af9f0e518b461d/html5/thumbnails/12.jpg)
HUMAN & NATIONAL OBJECTIVEHUMAN OBJECTIVE
Economic well being of the employees
Social and psychological satisfaction of employees
Development of human resources
Well being of socially and economically backward
people
NATIONAL OBJECTIVE
Creation of employment
Promotion of social justice
Production according to national priority
Contribute to the revenue of the country
Self-sufficiency and Export Promotion
![Page 13: business objectives ppt](https://reader033.vdocuments.us/reader033/viewer/2022061117/5468650ab4af9f0e518b461d/html5/thumbnails/13.jpg)
GLOBAL OBJECTIVES
Raise general standard of living Reduce disparities among nations
Make available globally competitive goods and services
![Page 14: business objectives ppt](https://reader033.vdocuments.us/reader033/viewer/2022061117/5468650ab4af9f0e518b461d/html5/thumbnails/14.jpg)
Here are some examples of objectives of MNC’s
To establish, maintain, conduct, provide services of every kind including commercial,statistical, financial, legal, management, data processing
. To carry on the business
in all types of electronic components and equipment from every aspects.
To deal in any type of articles & things which may seem capable of being profitably.
To provide for the welfare of employees or ex-employees of the Company.
![Page 15: business objectives ppt](https://reader033.vdocuments.us/reader033/viewer/2022061117/5468650ab4af9f0e518b461d/html5/thumbnails/15.jpg)
To carry on all kinds of promotion business. To construct and develop residential or
industrial colonies for advancement of members & employees