3.1.1 Corporate objectives
0.0(0)
Studied by 1 person
View linked note
Learn
Practice Test
Spaced Repetition
Match
FlashcardsCard Sorting
1/8
There's no tags or description
Looks like no tags are added yet.
Study Analytics
Name | Mastery | Learn | Test | Matching | Spaced |
|---|
No study sessions yet.
9 Terms
1
New cards
Business Objective
A goal set by a business, usually in the medium to long term.
2
New cards
Corporate Objectives
Measurable, clearly defined targets for how to achieve business aims.
3
New cards
SMART Objectives
Effective objectives that are Specific, Measurable, Achievable, Realistic, and Time specific.
4
New cards
Mission Statement
A short term statement of the company's vision and values which helps to set aims and objectives.
5
New cards
Aim
A generalised statement of what the business plans to achieve in the longer term.
6
New cards
Internal Influences on Corporate Objectives
Factors within the control of management that influence corporate objectives.
7
New cards
External Influences on Corporate Objectives
Factors outside the control of management that influence corporate objectives.
8
New cards
Strategy
How the business intends to achieve its objectives, usually long-term and made by senior management.
9
New cards
Tactics
Support achievement of specific targets, usually routine and short-term and often delegated by junior management.
Flashcards (78)