Economic Objectives Business is basically an economic activity‚ its primary objectives are economic. The economic objectives of a business are to earn sufficient profit to give reasonable reward to the investors of capital and to provide funds for expansion and diversification. The main economic objective of business may be described as under: (a) Earning Profit: Business activity is undertaken for earning profit. Profit is the basic incentive to business pursuits. It is the most important objective
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Assignment: Audience Analysis Paper May 10‚ 2010 Audience Analysis Paper In any business people will work with others that have different lifestyles and backgrounds. Many have different attitudes‚ beliefs‚ and values that come with diversity in an organization. This essay will address a situation where a person has to present quarterly sales information at a meeting. The group of people includes: managers‚ customers‚ salespeople‚ and skateholders. The essay will focus on communications with this
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plan that contains objectives. There are two types of objectives‚ strategic and tactical objectives. Strategic objectives are objectives set for the long run; tactical objectives are short day-to-day objectives that the business needs to operate. Setting objectives provides a greater sense of direction for the business. So once an objective is set‚ the employees‚ owner and directors even‚ have a clear pathway and guide of what they want the business to achieve and the objective gives everyone motivation
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Audience Analysis According to Engleberg and Daly (2005)‚ [a]udience analysis [is] the ability to understand and adapt to listeners‚ separates good speakers from great ones and is critical to improving your presentation. A thoughtful‚ deliberate analysis of the audience and their likely responses to your presentation can help you plan what to say and how to say it (p. 101).” Audience analysis is imperative to be able to relate to and understand your audience and their motives. Knowing your audience
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Knowing Your Audience Your Name BCOM/275 Knowing Your Audience On August 5‚ 2010‚ in Chile there was a cave-in in a little copper mine that trapped thirty-three miners three hundred meters underground with limited food‚ water‚ and oxygen. No one knew for certain whether or not the miners had survived the cave-in and if they had if they would survive long enough to be rescued. Four days after the cave-in‚ with rescue crews working around the clock‚ it was still unknown whether or
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between the capacity of an organization and the demands of its customers results in inefficiency‚ either in under-utilized resources or unfulfilled customers. The goal of capacity planning is to minimize this discrepancy. Demand for an organization ’s capacity varies based on changes in production output‚ such as increasing or decreasing the production quantity of an existing product‚ or producing new products. Better utilization of existing capacity can be accomplished through improvements in overall
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What are the objectives of business? Every business enterprise has certain objectives which regulate and generate its activities. Objectives are needed in every area where performance and results directly affect survival and prosperity of a business. Various objectives of business may be classified into four broad categories as follows: 1. Economic Objectives: Business is basically an economic activity. Therefore‚ its primary objectives are economic in nature. The main economic objectives of business
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SMART Objectives: This page has been written to provide not only an overview of the SMART objective format‚ but to help you to write your own. Specific | Is the objective clear?Is it precise and well defined?Can everyone understand it? | Measureable | Have you stated how you will assess whether it has been completed or not?What evidence is needed to confirm it?How will the individual learner know when the task has been completed? | Achievable | Are there sufficient resources in place and
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People have been arguing whether our own culture and experience are barriers that keep us from not seeing the objective truth. To clearly discuss this argument‚ a few definitions and views need to be considered. First of all‚ the objective truth comes from an understanding. To understand something‚ we need to have knowledge on it. Knowledge is defined as true justified belief. Therefore‚ to obtain knowledge for a better understanding‚ we need to rely on our own experiences and cultures. As people
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MANAGEMENT BY OBJECTIVES Management By Objectives (MBO)‚ was first introduced by Peter Drucker in 1954 in his book‚ The Practice of Management. By 1960s and 1970s‚ MBO became the no 1 buzzword of management practices and some form of a panacea for management ills. Most importantly‚ MBO has‚ for the first time‚ introduced significant changes to the command-control top down management system practiced at that time. Not that the Command & Control company system did not have any goals and objectives. It
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