The four main business objectives are economic, social, human, and organic. Each can help a business ensure their prolonged health and growth. For example, human objectives refer to employees’ well-being, while economic objectives refer to the company’s financial health.
Examples of Business Objectives
What are 3 examples of business objectives?
Becoming and staying profitable, maintaining cash flow, and establishing and sustaining productivity are 3 examples of key business objectives.
What are the 5 objectives of business?
The 5 key objectives of business are:
- financial stability and profitability,
- growth and expansion,
- customer satisfaction,
- employee satisfaction and development, and
- social responsibility and sustainability.
Writing Business Objectives
How do you write a business objective?
When setting business objectives, they should be specific, measurable, achievable, relevant and timely. Being precise about what you want to achieve is key. Consider what resources are available, if the objectives have real benefits, and set deadlines to define success.
What are the 6 main business objectives?
The 6 strategic business objectives organizations aim to achieve via information systems are:
- operational excellence,
- new products/services/models,
- customer and supplier intimacy,
- improved decision-making,
- competitive advantage, and
- survival.
Efficiency and managing relationships are critical.