Using Objectives and Strategies 0.0 / 5 ? Business StudiesObjectives and StrategiesA2/A-levelAQA Created by: FKJOYCECreated on: 15-01-15 17:46 Objectives Individual goals/targets that need to be achieved to realise aims 1 of 7 Corporate Objectives goals/targets of whole organisation based on mission/aims 2 of 7 Functional Objectives goals/targets of functional areas of a business based on corporate objectives 3 of 7 Strategy Med to long term plans which an organisation aims to attain objectives 4 of 7 SMART objectives Specific, Measurable, Agreed, Realistic, Time Bound 5 of 7 Corporate and Functional Objectives Survival, Profit Maximisation, Growth Maximisation, Diversification 6 of 7 Functional Objectives and their Strategies Gaining market share = Lowering prices. Minimising costs = Introducing zero budgeting. Improving economies of scale = Buying in bulk. Improving labour turnover = H.R improve motivation techniques 7 of 7
BUSS3 Chapter 1 notes - Business Objectives and strategies - AQA A2 Business Studies Unit 3 Chapter 1 notes 4.5 / 5 based on 3 ratings
Chapter 1 notes - BUSS3 - Using objectives and strategies - AQA A2 Business Studies Unit 3 5.0 / 5 based on 1 rating
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