Setting Objectives for a Business

Knowledge Builder Allan A. Kennedy, Bloomsbury

Purpose and benefits

Managing inherently involves setting a goal or objective and then executing a series of actions to meet it. Establishing the right objective is critical to successful management of any business.

Successful long-term businesses almost always started with a set of non-financial objectives (sometimes referred to as a vision or mission) and derived financial objectives consistent with pursuit of their broader goals.

Setting only financial objectives is risky for business because single-minded pursuit of financial objectives can lead to actions that undermine long-term viability.

Abstract. Essay on management best practice using case studies and suggested action plans with additional reference sources.

20 mins

5 Pages

£5 Pounds Sterling
(inc. VAT)