Concept Development - Setting goals and objectives
11 important questions on Concept Development - Setting goals and objectives
What is the benefit of developing and understanding of the business environment?
Why is it important to have goals and objectives?
The orientation of organisational objectives can be classified under 3 broad heading. What are the 3 headings?
2. Managerial
3. Social responsibility
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What are economic objectives?
What is a unitary perspective?
What are problems when objectives are purely based in the economic theory of the firm?
2. The time-scale needs to be determined over which this to be achieved; short-term profits, one, two, three years, or longer period.
Give 4 examples of desirable objectives of a manager.
2. Increase the assets of the organisation, thereby increasing their own power and personal reward.
3. Empire-build inside the organisation, again increasing their own status, salary and associated perks.
4. Increase the technical sophistication and complexity of the organisation, thereby achieving growth, increasing managerial independence and providing fresh challenges.
What is meant with the complexities of organisational life?
What are social responsibility objectives?
Give 5 examples of objectives that relate to social responsibility objectives.
2. Working conditions for staff
3. Equal opportunities
4. Fairtrade
5. Sustainability of the business
Why is it good for business to have a code of business and social ethics? (2 reasons)
2. For many public, charitable and voluntary sector organisations, the entire raison d' être (doel) is allied to particular social and/or ethical objectives,
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