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1) Profitability
2) Growth
3) Productivity
4) Customer service
5) Employee Retention
6) Core Value
" What are the" shall be formed as "What should be the" -----
Generate Employment Opportunity
To contribute CSR
ROI to expand the above activities
Any management with these three VISION in mind makes these as objectives, will certainly succeed in any competitive market.
Raise the staff at work and the level of commitment
I fully agree with Mr Vikas
I fully agree with Mr Vikas.
I´ll only want to add for this debate that nowadays we have several different types of management orientations and we need to pay attention for each one and the importance that they have and how affect/conduct the different functional areas of an organization.
We have since people management, strategic management, marketing and sales management and so on.
For me, the most important, it´s the Strategic management. It´s this management "tool" that will draw all general strategical processes in all other functional areas, establish goals, analyze market/competitors/suppliers/clients/etc, ...and is the one that it will make the orientation alignment with all integrated efforts from all managers of those several areas.
Strategic management has a compromise with one goal: unblock the sectional individualism of each area managers. (we need to remember that each sector managers tends to "protect" their own sector interests).
So, this type of management it´s a process that involves 3 main principle activities:
a) Strategic analyze - In this stage we develop studies such as strategical goals, and SWOT analyse. We can also use the 5 PORTER analyse forces (check here please: https://en.wikipedia.org/wiki/Porter%27s_five_forces_analysis)
b) Strategic formulation - In this stage we need to formulate the strategy into 4 levels: 1) Functional 2) Business 3) Empresarial 4) Internacional
c) Strategic implementation - In this stage, has we understandd, it´s the strategy implementation that is made in 3 steps: 1) Integration (all functional areas) 2) Organizational structure (create teams, delegate responsibilities, communication channels, etc) 3) Control/leadership/measures (control all activities that area being focusing to the same goals ad make the needed adjustments - Balanced Scorecard tool is my favourite one!).
Concluding, at the present times the "management" can´t be seen as a single model to drive any company in their strategy. We have different management models and decision making that react with different ways through their roles, internal and external influence´s and market transformations; leading to several different objectives/goals.
Literature suggestion:
http://www.emeraldinsight.com/doi/abs/10.1108/17554251111152261
https://www.startupgrind.com/blog/15-strategic-management-books/
http://bookboon.com/en/strategicmanagement-ebook
https://www.goodreads.com/shelf/show/strategic-management
Balanced Scorecard:
http://www.amazon.com/The-Balanced-Scorecard-Translating-Strategy/dp/0875846513
Business Objectives are broadly classified into 3 categories :
1) For Profits & Growth. - Profit is the sole objective.
2) For specific need arising out of compulsion. - Meeting the requirement is sole objective. Profit may be minimum.
3) For service to humanity or charity. It may be non-profitable. Funding may be through donations.
I fully agree with the answers been added by EXPERTS....THanks
It aims administration in any action to achieve three main goals:1. Effectiveness: which is to achieve the highest goals or achievements2 - Efficiency: means not to waste any resources economy resources to reduce costs and lack of resources in different kinds of loss because it is rare3 Success: The means to achieve higher goals and achievements with minimal costs
Effectiveness+Efficency =Success
The objectives is to motivate the employees,satisfied the customer and increase profit.
Full Agree With Answer Given By: Vikas Bachhuka
THANKS
I AGREE WITH PREVIOUS ANSWERS
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