Everything you need to know about the Objectives of Business. Read this article to learn about the:- 1. Economic Objectives 2. Social Objectives 3. Human Objective 4. National Objective 5. Global Objectives a. Profit b. Growth c. Service to Society d. Market Leadership of Business. Every business enterprise aims to achieve certain objectives within a specific time period and with [...]
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The following points highlight the eight major areas in which businesses should set objectives identified by Peter Drucker. Also we will learn about the need for balancing these multiple objectives. Area # 1. Market Standing: A business must set objectives concerning what share of the market it will try to capture. The best market share requires careful analysis of: (i) [...]