The following points highlight the six main objectives of a corporate business unit. The six-fold objectives are:- 1. Organic Objectives 2. Economic Objectives 3. Social Objectives 4. Human Objectives 5. National Objectives 6. Strategic Objectives. 1. Organic Objectives: A corporate business unit is essentially an organic entity having its own infancy, childhood, adulthood and maturity. Thus, its concern is to [...]
The following points highlight the objectives of a corporate organisation. The objectives are:- 1. Primary and Secondary Objectives 2. Short-Run and Long-Run Objectives 3. Short-Term and Long-Term Objectives 4. Structure-Wise Objectives. 1. Primary and Secondary Objectives: While primary objective of a company may be either market dominance or profit and/or business expansion, the major secondary objectives are—bonus to employees, community [...]
In this article we will discuss about the effects of organisation mission on objectives of a business. An organisation must first establish an overall mission or purpose before it determines its objectives. The organisational mission identifies the function that the organisation intends to perform within its social or economic system. As shown in the diagram below, specific objectives, strategies, programmes, [...]