The upcoming discussion will update you on the difference between the official and operative objectives of a company. Difference between Official and Operative Objectives of the Company Official objectives, also termed as organisational objectives or corporate objectives, are those that are made known to anybody including outsiders through public statements. In the case of a company formed under the company [...]
The term 'objectives' has been defined differently by different authorities in management literature. Some of them are given below: 1. 'Objectives here are the statements of planning purpose developed within any kind of business plan. They are established within the framework of a planning process, and they normally evolve from tentative and vague ideas to more specific declarations of purpose. [...]
The problem of determining competitive strategy of a firm is that of finding the right product-market-sales approach combination for effective accomplishment of its objectives in each field of endeavour specified in the organisation mission and deriving associated goals in the various functional areas of the business. The choice of a particular strategy is possibly the most critical in the competitive [...]