Task 2 - Business Objectives
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The document summarizes three levels of objective setting for organizations: Strategic objectives are long-term goals set by management to achieve the organization's mission over 5-10 years. Intermediate objectives are short-term plans within the current financial year set by middle management to support strategic objectives. Operational objectives are daily/weekly/monthly targets derived from intermediate objectives and set by individuals/groups to help achieve those objectives.
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Business Objectives
The document discusses different types of business objectives:
- Survival is a short-term objective for new businesses.
- Profit maximization is the aim of owners and shareholders.
- Profit satisficing is the aim of smaller businesses that don't want excessive growth.
- Sales growth is important for businesses that believe size ensures survival.
Objectives should be SMART: specific, measurable, agreed, realistic, and time-bound. Objectives may change over time as businesses achieve goals or adapt to new competitive environments.
Robert l. walker usc - objectives of business goals
Business objectives are something which a business organization wants to achieve or accomplish over a specified period of time.
Business objectives
The document discusses the various types of business objectives including organic objectives, economic objectives, social objectives, human objectives, national objectives, and global objectives. Organic objectives include survival, growth, and goodwill/image. Economic objectives focus on profit earning, customer creation, innovation, and resource use. Social objectives involve quality product/service provision, fair trade practices, and societal contribution. Human objectives pertain to employee well-being, satisfaction, development and support for disadvantaged groups. National objectives center around employment, justice, production priorities, and country revenue/self-sufficiency. Global objectives relate to living standards, disparity reduction, and competitive international goods/services.
3 business goals
This document discusses business goals and objectives, including how to structure them and why they are important. It outlines that goals should include a vision, mission, strategic goals, tactical goals, and operational objectives. The vision is the long-term ambition, while the mission defines the company's purpose. Objectives should be specific, measurable, accepted by stakeholders and guide the organization. Implementing objectives through management by objectives (MBO) engages all levels and helps achieve goals.
Objectives of business
The document discusses the various objectives of business. It states that while profit is important, it is not the sole objective of business. Businesses also aim to meet social, human, national, and global objectives. These include creating value for customers, innovating, using resources efficiently, contributing to society's welfare, providing good working conditions for employees, generating jobs and revenue for the country, and raising living standards globally through international trade.
objectives of business
This document discusses the relationship between business and society. It states that business activities are influenced by social structures and values, and businesses also influence society through their actions. While businesses aim to adapt to their external environment in the short run, they also have a role in shaping social attitudes over time. The objectives of modern businesses have expanded beyond just profit maximization to include social objectives like protecting consumers, workers, communities, and the environment.
Business goals
The document outlines four key business goals: profitability, social responsibility, efficiency, and effectiveness. Profitability refers to the amount remaining after costs are deducted from revenues and provides financial resources for future growth. Social responsibility involves goals like community service, employment, and sustainability. Efficiency means achieving objectives at the lowest cost using minimum resources, while effectiveness is the ability to set and achieve the right outcomes.
Objectives of business
The document outlines various objectives of business, including economic, human, social, and national objectives. The key economic objectives are earning profits, creating customers, and innovations. Important human objectives are labor welfare, developing human resources, and participative management. Social objectives involve supplying goods at reasonable prices, employment generation, and social welfare activities. National objectives center around optimal resource utilization, national self-reliance, developing small industries, and developing backward areas.
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Business Objectives
The document discusses different types of business objectives:
- Survival is a short-term objective for new businesses.
- Profit maximization is the aim of owners and shareholders.
- Profit satisficing is the aim of smaller businesses that don't want excessive growth.
- Sales growth is important for businesses that believe size ensures survival.
Objectives should be SMART: specific, measurable, agreed, realistic, and time-bound. Objectives may change over time as businesses achieve goals or adapt to new competitive environments.
Robert l. walker usc - objectives of business goals
Business objectives are something which a business organization wants to achieve or accomplish over a specified period of time.
Business objectives
The document discusses the various types of business objectives including organic objectives, economic objectives, social objectives, human objectives, national objectives, and global objectives. Organic objectives include survival, growth, and goodwill/image. Economic objectives focus on profit earning, customer creation, innovation, and resource use. Social objectives involve quality product/service provision, fair trade practices, and societal contribution. Human objectives pertain to employee well-being, satisfaction, development and support for disadvantaged groups. National objectives center around employment, justice, production priorities, and country revenue/self-sufficiency. Global objectives relate to living standards, disparity reduction, and competitive international goods/services.
3 business goals
This document discusses business goals and objectives, including how to structure them and why they are important. It outlines that goals should include a vision, mission, strategic goals, tactical goals, and operational objectives. The vision is the long-term ambition, while the mission defines the company's purpose. Objectives should be specific, measurable, accepted by stakeholders and guide the organization. Implementing objectives through management by objectives (MBO) engages all levels and helps achieve goals.
Objectives of business
The document discusses the various objectives of business. It states that while profit is important, it is not the sole objective of business. Businesses also aim to meet social, human, national, and global objectives. These include creating value for customers, innovating, using resources efficiently, contributing to society's welfare, providing good working conditions for employees, generating jobs and revenue for the country, and raising living standards globally through international trade.
objectives of business
This document discusses the relationship between business and society. It states that business activities are influenced by social structures and values, and businesses also influence society through their actions. While businesses aim to adapt to their external environment in the short run, they also have a role in shaping social attitudes over time. The objectives of modern businesses have expanded beyond just profit maximization to include social objectives like protecting consumers, workers, communities, and the environment.
Business goals
The document outlines four key business goals: profitability, social responsibility, efficiency, and effectiveness. Profitability refers to the amount remaining after costs are deducted from revenues and provides financial resources for future growth. Social responsibility involves goals like community service, employment, and sustainability. Efficiency means achieving objectives at the lowest cost using minimum resources, while effectiveness is the ability to set and achieve the right outcomes.
Objectives of business
The document outlines various objectives of business, including economic, human, social, and national objectives. The key economic objectives are earning profits, creating customers, and innovations. Important human objectives are labor welfare, developing human resources, and participative management. Social objectives involve supplying goods at reasonable prices, employment generation, and social welfare activities. National objectives center around optimal resource utilization, national self-reliance, developing small industries, and developing backward areas.
Various Objectives of the Business
Multiple Business Objectives of Business, Profit earning, Human resource development, Market Standing, Brand value, Goodwill, Employee satisfaction, Leadership qualities of the enterprise.
Business objectives
The document outlines the objectives and goals for a business studies group project. It defines what SMART objectives are and lists the group members. The economic objectives of a business include profit earning, creating new markets, and innovation through technological improvements and best use of resources. Social objectives are focused on quality of goods, limiting anti-social practices, providing more employment, cooperating with the government, reducing slums and pollution, and ensuring employee welfare. Human objectives center around fair compensation for employees, a healthy work climate, training opportunities, communication, and job satisfaction.
1 business definition
The document discusses key business concepts like vision, mission, objectives, strategies and critical success factors. It provides definitions and examples of a vision as describing where a company wants to be in the future. The mission defines the overall purpose and goals of a business. Objectives should be specific, measurable, attainable, relevant and timely. Setting critical success factors helps identify the most important areas for a business to focus on in order to be successful against its competitors.
BUSINESS PROPONENTS
The document discusses the importance of identifying key stakeholders and target customers in a business plan. It outlines four types of stakeholders that will want to know different information from the plan: 1) financial backers, 2) technology providers, 3) governance and management, and 4) operating teams. The business must also precisely identify its target customers, including ensuring they are of sufficient size, have sufficient funds, and interest to purchase products. The business plan should detail customers' buying behaviors and justify marketing channels based on customers' locations and purchasing preferences.
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Business plan
This document outlines what should be included in a comprehensive business plan. A business plan should include: an executive summary; description of the business concept and model; analysis of the target customer and market; overview of competition, suppliers, and distribution channels; details of the products/services; business strategy; and financial projections including expected returns. The business plan provides an overview and guide for starting and operating a new business venture.
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Buisness objectives
Business objectives provide clear direction and goals for an organization. They indicate where the business wants to move in the future. Objectives are broad statements of values that a company aims to achieve over time. Objectives must be specific, measurable, challenging and relate to a specific timeframe. They are important for justifying a business's existence, facilitating planning, defining relationships, motivating achievement, and ensuring uniform operations and appropriate decision making. Objectives are categorized as organic, economic, social, human, and national and consider environmental factors, enterprise resources, individual roles, values, and past objectives.
Introduction to business, BUSINESS definition
Business involves profit-seeking and non-profit activities that provide goods and services to satisfy human needs and wants. It aims to generate profit while satisfying standards of living. Non-profit organizations also operate like businesses but their primary goal is not generating returns for owners. Business has evolved from early agricultural economies to modern service and internet-based economies. Revenue is the money a business earns from sales, profit is earnings after expenses, and loss occurs when expenses are greater than revenues. The objectives of business are survival, social responsibility, and growth while its role in society is satisfying needs through efficient use of limited resources.
Functions of a business
The document provides descriptions of the roles and responsibilities of various business departments, including sales, purchasing, manufacturing, administration, customer service, logistics, finance, human resources, IT support, marketing, research and development, and legal.
The sales department is responsible for selling products and services, taking orders, negotiating prices, and keeping customers informed of new offerings. The purchasing department finds suppliers and ensures the business has what it needs to operate. The manufacturing department physically makes products. Administration keeps the business organized while customer service handles customer issues and feedback. Logistics oversees operations and ensures efficiency. Finance manages money, taxes, and financial reporting. Human resources handles personnel. IT support maintains technology. Marketing communicates with customers. Research
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Objectives of business
The document outlines several key objectives of business activities:
1. The primary objective is to earn a profit, as profit is essential for the survival and growth of a business.
2. Businesses must also consider their social responsibilities and fulfill the expectations of society to sustain themselves in the long run.
3. Additional objectives include establishing a strong market standing through innovation, improving productivity, acquiring necessary physical and financial resources, developing manager and worker performance, and fulfilling social responsibilities.
INTRODUCTION TO BUSINESS
This document provides an overview of business environment concepts including:
- The definition, nature, and scope of business as an economic activity involving the purchase, production, and sale of goods and services with the goal of earning profits.
- The different types of industries including primary, secondary, tertiary and how they relate.
- An explanation of commerce and trade, including internal and external trade, and various types of trade like wholesale, retail, import, and export.
- A brief discussion of characteristics of contemporary business like globalization, competition, and challenges.
Cambridge Topic 1 AS Level - Enterprise
1. Businesses identify customer needs and produce goods and services to satisfy those needs and make a profit. They require resources like land, labor, capital, and enterprise.
2. Entrepreneurs take on the risk of starting new businesses. They must overcome challenges like securing financing, finding customers, and facing competition. Common reasons for business failure include poor management, lack of capital, and changing business environments.
3. A successful business adds value by transforming raw materials into desirable goods and services. This benefits the overall economy by creating jobs, economic growth, innovation, and exports.
Aims and objectives of a business
Businesses set aims and objectives to guide their operations and growth. Aims are the long-term goals a business wants to achieve, while objectives are the specific, measurable targets that will help accomplish the aims. Objectives should be SMART - specific, measurable, agreed upon, realistic, and time-bound. Common business objectives include survival, profit maximization, sales growth, and profit satisficing. However, not all businesses prioritize profit - some have social, ethical, or public service objectives instead. Over time, a business may need to change its objectives as it achieves goals or adapts to new competitive or technological changes.
Developing a business plan
This document provides information on developing a business plan and conducting a feasibility study. It discusses that a business plan is a formal statement of business goals and a plan to reach those goals. It also describes the different types of business plans and what they typically focus on. The document then outlines the key components that should be included in a business plan, such as an executive summary, project background, management details, production information, financial projections, and an implementation timeline. Finally, it explains that a feasibility study is important to reduce risks and should address factors like market demand, competitors, production needs, and projected costs and profits before committing to a business plan.
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The document outlines the objectives and goals for a business studies group project. It defines what SMART objectives are and lists the group members. The economic objectives of a business include profit earning, creating new markets, and innovation through technological improvements and best use of resources. Social objectives are focused on quality of goods, limiting anti-social practices, providing more employment, cooperating with the government, reducing slums and pollution, and ensuring employee welfare. Human objectives center around fair compensation for employees, a healthy work climate, training opportunities, communication, and job satisfaction.
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The document discusses key business concepts like vision, mission, objectives, strategies and critical success factors. It provides definitions and examples of a vision as describing where a company wants to be in the future. The mission defines the overall purpose and goals of a business. Objectives should be specific, measurable, attainable, relevant and timely. Setting critical success factors helps identify the most important areas for a business to focus on in order to be successful against its competitors.
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The document discusses the importance of identifying key stakeholders and target customers in a business plan. It outlines four types of stakeholders that will want to know different information from the plan: 1) financial backers, 2) technology providers, 3) governance and management, and 4) operating teams. The business must also precisely identify its target customers, including ensuring they are of sufficient size, have sufficient funds, and interest to purchase products. The business plan should detail customers' buying behaviors and justify marketing channels based on customers' locations and purchasing preferences.
MACRO ENVIRONMENTAL SOURCES OF OPPORTUNITIES
The document discusses opportunity seeking and the entrepreneurial mindset. It explains that entrepreneurs are innovative opportunity seekers who create value through new products/services or more efficient processes. The entrepreneurial mind frame, heart flame, and gut game allow entrepreneurs to see opportunities optimistically and follow their intuition. The document also outlines macro environmental factors - socio-cultural, political, economic, ecological, and technological - that influence industries and can present opportunities for businesses.
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This document outlines what should be included in a comprehensive business plan. A business plan should include: an executive summary; description of the business concept and model; analysis of the target customer and market; overview of competition, suppliers, and distribution channels; details of the products/services; business strategy; and financial projections including expected returns. The business plan provides an overview and guide for starting and operating a new business venture.
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The document provides an overview of entrepreneurship and business planning. It defines key terms like entrepreneur and entrepreneurship. It discusses the components of an effective business plan such as the business concept, goals, market analysis, products/services, strategy, and financial forecasts. An example business plan for a food chain called Double Happiness is presented to illustrate these components. The plan sets out the vision, mission, objectives, and performance targets for Double Happiness over 3 years. It analyzes the market, competitors, and macroenvironment factors. The financial forecasts project metrics like sales, profits, and returns through 2020. The document emphasizes that an effective business plan clearly communicates the opportunity and case for investment.
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Business objectives provide clear direction and goals for an organization. They indicate where the business wants to move in the future. Objectives are broad statements of values that a company aims to achieve over time. Objectives must be specific, measurable, challenging and relate to a specific timeframe. They are important for justifying a business's existence, facilitating planning, defining relationships, motivating achievement, and ensuring uniform operations and appropriate decision making. Objectives are categorized as organic, economic, social, human, and national and consider environmental factors, enterprise resources, individual roles, values, and past objectives.
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Business involves profit-seeking and non-profit activities that provide goods and services to satisfy human needs and wants. It aims to generate profit while satisfying standards of living. Non-profit organizations also operate like businesses but their primary goal is not generating returns for owners. Business has evolved from early agricultural economies to modern service and internet-based economies. Revenue is the money a business earns from sales, profit is earnings after expenses, and loss occurs when expenses are greater than revenues. The objectives of business are survival, social responsibility, and growth while its role in society is satisfying needs through efficient use of limited resources.
Functions of a business
The document provides descriptions of the roles and responsibilities of various business departments, including sales, purchasing, manufacturing, administration, customer service, logistics, finance, human resources, IT support, marketing, research and development, and legal.
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The document outlines several key objectives of business activities:
1. The primary objective is to earn a profit, as profit is essential for the survival and growth of a business.
2. Businesses must also consider their social responsibilities and fulfill the expectations of society to sustain themselves in the long run.
3. Additional objectives include establishing a strong market standing through innovation, improving productivity, acquiring necessary physical and financial resources, developing manager and worker performance, and fulfilling social responsibilities.
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This document provides an overview of business environment concepts including:
- The definition, nature, and scope of business as an economic activity involving the purchase, production, and sale of goods and services with the goal of earning profits.
- The different types of industries including primary, secondary, tertiary and how they relate.
- An explanation of commerce and trade, including internal and external trade, and various types of trade like wholesale, retail, import, and export.
- A brief discussion of characteristics of contemporary business like globalization, competition, and challenges.
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1. Businesses identify customer needs and produce goods and services to satisfy those needs and make a profit. They require resources like land, labor, capital, and enterprise.
2. Entrepreneurs take on the risk of starting new businesses. They must overcome challenges like securing financing, finding customers, and facing competition. Common reasons for business failure include poor management, lack of capital, and changing business environments.
3. A successful business adds value by transforming raw materials into desirable goods and services. This benefits the overall economy by creating jobs, economic growth, innovation, and exports.
Aims and objectives of a business
Businesses set aims and objectives to guide their operations and growth. Aims are the long-term goals a business wants to achieve, while objectives are the specific, measurable targets that will help accomplish the aims. Objectives should be SMART - specific, measurable, agreed upon, realistic, and time-bound. Common business objectives include survival, profit maximization, sales growth, and profit satisficing. However, not all businesses prioritize profit - some have social, ethical, or public service objectives instead. Over time, a business may need to change its objectives as it achieves goals or adapts to new competitive or technological changes.
Developing a business plan
This document provides information on developing a business plan and conducting a feasibility study. It discusses that a business plan is a formal statement of business goals and a plan to reach those goals. It also describes the different types of business plans and what they typically focus on. The document then outlines the key components that should be included in a business plan, such as an executive summary, project background, management details, production information, financial projections, and an implementation timeline. Finally, it explains that a feasibility study is important to reduce risks and should address factors like market demand, competitors, production needs, and projected costs and profits before committing to a business plan.
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This document provides an introduction to entrepreneurship. It defines entrepreneurship and explains its importance, noting that it creates opportunities, ensures social justice, stimulates the economy, and more. Personal attributes of successful entrepreneurs like creativity, dedication, determination, and passion are described. The document also discusses required skills and education for entrepreneurs and lists some career opportunities in fields like business consulting, management analysis, sales, research and development, and fundraising that apply entrepreneurship knowledge.
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This document provides an overview of module 2 of a business plan development course. The module aims to teach learners how to recognize potential markets by identifying market problems or needs, proposing products or services to meet those needs, and screening proposed solutions based on viability, profitability, and customer requirements. It discusses techniques for seeking, screening, and seizing opportunities, and how to analyze market needs and select the best product or service to address the identified need.
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This power point briefly introduces Marketing strategy, environment and ethics. It will discuss important opportunities and factors in the process of many types of analysis' and planning.
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This document discusses the importance and components of conducting a feasibility study for a project. It outlines five key areas that should be assessed in a feasibility study: 1) technical feasibility, 2) economic feasibility, 3) legal feasibility, 4) scheduling feasibility, and 5) operational feasibility. For each area, it provides details on what should be evaluated. Additionally, it notes that a feasibility study identifies the reasons for doing a project, enhances its likelihood of success, and helps with decision making. Conducting a thorough feasibility study at the beginning is important for determining if a project is worthwhile and making sure it is completed on time and on budget.
Intenational Strategic Management Questions notes
1. The document defines key strategic planning terms like strategy, strategic planning, decision making, tactical planning, barriers to entry, absolute cost advantage, economies of scale, industry, superior profitability, comparative advantage, critical success factors, key success factors, external environment, and internal environment.
2. It discusses similarities and differences between business strategy and military strategy, and explains how a company's strategy is partly proactive and partly reactive.
3. It identifies factors that drive industry changes like government regulations, societal attitudes, technology trends, and their impact on industry attractiveness and the need to adjust strategies accordingly.
Khan mizanur rahman 2
- Daimler-Benz and Chrysler announced a $36 billion merger in 1998 that was intended to allow both companies to better compete in the increasingly global auto market.
- However, the cultural and strategic differences between the German and American companies proved difficult to reconcile.
- Within a few years, it became clear the merger was not achieving the synergies expected, and Daimler-Benz ended up taking full control of Chrysler in 2007.
Setting up a new enterprise
Setting up a new enterprise involves generating business ideas, conducting feasibility studies, and considering various factors. Ideas can come from customers, existing products, distribution channels, government schemes, and focus groups. Feasibility studies evaluate technical, economic, legal, and financial viability. Key factors include business size, location, ownership structure, financing, facilities, production, workforce, taxes, and relevant government policies like Special Economic Zones that provide incentives. Successfully setting up an enterprise requires thorough planning across all these elements.
project selection
The document discusses various models and methods used for project selection. It begins by describing non-numeric models such as sacred cow, operating necessity, competitive necessity, and product line extension. It then discusses numeric scoring models including unweighted 0-1 factor model, unweighted factor scoring model, and weighted factor scoring model. Finally, it discusses financial models used for project selection, focusing on models that evaluate profitability. The document provides an overview of different approaches organizations can take when selecting projects.
How to Improve the Governance model for the Public Sector (Government).pptx
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How to improve the Governance Model for the Public Sector - United States - S...
This document provides a summary of strategies to improve governance in government. It discusses factors that impact governance like transparency and accountability. It recommends using performance audits to assess key performance indicators and ensure recommendations are implemented. Other strategies include improving data ethics and literacy, mitigating geopolitical risks, adopting ESG reporting, and using technology like audit analytics and AI to enhance governance. The overall goal is for government to deliver programs and tax policies with value for money and transparency.
Business policy & strategy pp
Strategic management contribute to :
develop competitive advances and reveals implementation practices and mechanisms of control
Allow a long-term alignment and a progressive environment strategy
Lead to globalization and strategic flexibility
Topic 2 Business Entity
1. The document discusses different types of business entities including sole traders, partnerships, and companies. It compares sole traders to partnerships and describes the characteristics of limited and public companies.
2. The different types of business activities are outlined such as services, merchandising/trading, manufacturing. Cost structures for each are summarized.
3. Setting up a business involves understanding external forces in the political, economic, social, technological, and competitive environment. A SWOT analysis and establishing objectives are important initial steps. Planning, budgeting, and managing the business are also discussed.
Topic 2 Business Entity
1. The document discusses different types of business entities including sole traders, partnerships, and companies. It compares sole traders to partnerships and describes the differences between private and public limited companies.
2. The key business activities are described as services, merchandising/trading/retailing, and manufacturing. The costs associated with each are outlined.
3. Setting up a business requires understanding external forces in the political, economic, social, technological, geographical, and competitive environments. A SWOT analysis and establishing objectives are important initial steps. Planning, budgeting, and managing the business are also discussed.
The Importance Of Non Financial Information In Decision Making
This technical paper discusses the importance of considering non-financial information in addition to financial information for decision making. Two models are presented: the profit tree model identifies non-financial drivers behind financial statement items; the balanced scorecard model captures additional value factors like customer satisfaction, internal processes, and learning/growth. Using these models can help companies gain competitive advantages by understanding both financial and non-financial factors that impact performance. The paper also outlines benefits, limitations, and reporting of non-financial information to provide a more holistic view for decision makers.
Basic aspects of international marketing
There are three basic aspects of international marketing: (1) the new product development process which involves generating product ideas, screening ideas, analyzing costs and demand, developing and testing products, and commercialization; (2) the demand management process which involves strategic planning, portfolio management, decision rights, financial planning, prioritization, and ensuring business value; and (3) the sales marketing process which involves researching the marketing mix and performance, financial forecasting, setting objectives, developing marketing strategies and action plans, and controlling results.
Business plan-guidelines-for-south-african-businesses
A business plan must meet certain criteria to effectively guide a business and inform interested parties. It must be practical and doable given the business's internal and external factors. It should present solutions to key business questions like objectives, customers, competition, financing, and growth. The length and level of detail depends on factors like the investment value, intended audience, and novelty of the business idea. An effective business plan is based on thorough qualitative and quantitative research conducted at the national, industry, market, and internal company levels. It typically includes sections on the business overview, external analysis, marketing strategy, operations, and financial projections.
202 Part 3 . Formulating and Implernenting Strategy fbr Intern.docx
202 Part 3 . Formulating and Implernenting Strategy fbr International and Global Operations
Sometimes just the plospect of shifting production overseas improves competitiveness at
home. When Xerox Corporation started moving copier-rebuilding operations to Mexico, the"union
agreed to needed changes in work style and productivity to keep the jobs at home. Lower opera-
tional costs in other areas-power, transportation, and financing-frequently prove attractive.
INCENTIVES Covernments in countries such as Poland seeking new infusions of capital, technol-
ogy, and know-how willingly provide incentives-tax exemptions, tax holidays, subsidies, loans,
and the use of property. Because they both decrcase risk and increase profits, these incentives are
attractive to foreign companies. Russia, for example, has a number of special economic zones, both
for industrial production and for technical research, offering various tax concessions such as
exemption from property and land taxes for the first five years, as well as customs privileges.2a
In February 2009, for example, companies were rushing to conclude M&A deals in Brazil
while a tax break rvhich allows companies to deduct 34 percent of the premium paid in an acqui-
sition is still guaranteed, amid fears that it would be rescinded. This kind of tax incentive is rare,
so it attracts considerable interest from foreign investors. Coupled with the recent devaluation of
the Brazilian real, which made acquisitions cheaper for foreign bidders, tax deductions are cur-
rently one of the great attractions for acquisition deals in Brazil.2s
One study surveyed 103 experienced managers concerning the relative attractiveness of
various incentives for expansion into the Caribbean region (primarily Mexico, Venezuela,
Colomtria, Dominican Republic, and Guatemala). The results indicate the opinion of those man-
agers about which incentives are rrost important; however, the most desirable mix would depend
on the nature of the particular company and its operations. The first two issues reflect managers'
concerns about limiting foreign exchange risk, where restrictions often change overnight and
limit the abiiity of the firm to repatriate prolits. Other concerns are those of political instability
and the possibility of expropriation, and those of tax concessions.26 Nor att those incentives lim-
ited to emerging economies. The state of Alabama in the United States has spent hundrcds of
rnillions to attract the Honda, Hyundai, and Toyota plants.27
STRATEGIC FONMULATION PFSCESS
Typically, the strategic formulation process is necessary both at the headquarters of the corpora-
tion and at each of the subsidiaries. Most organizations operate on planning cycles of five or
more years, with intermediate reviews.
The global strategic formulation process, as part of overall corporate strategic management,
parallels the prccess followed in domestic companies. However, the variables, and therefore the
process itself, are far .
Companies for your comparative analysis Caterpillar Inc. and Deere .pdf
Companies for your comparative analysis: Caterpillar Inc. and Deere & Company
SITUATION
You are a financial analyst with HTC Corporation. HTC is an established investment banker
which services an international market. A client has determined that it wants to invest $2.3
billion in either Deere & Co. or Caterpillar stock (real publicly-traded companies). Which of
these companies\' shares is the best potential candidate for a long-term commitment? Both
targeted companies are competitively favorable. However, based on some serious general and
economic concerns about the fallout of companies in the industry in general, the CEO of the
client-company has asked your CFO to conduct a financial analysis of both CAT and DE to
determine if it is prudent to commit to either company. The cost of this investment is significant
and any interruption in cash flow from the investment during the next few years would adversely
affect the client\'s performance and profit. The CFO has given you the job of conducting this
analysis. Specifically, the question is: will a commitment to invest in either Caterpillar or John
Deere be financially viable over the next two to three years?
YOUR SPECIFIC ASSIGNMENT
Your specific assignment is to research, analyze, and prepare a report for the CFO on the actual
financial performance of both DE and CAT for the most recent three years. In addition to
reviewing the traditional financial performance indicators, you are also to review both targed
companies past and current stock performance for the last one year. Your report is to consist of
three parts:
(1) An evaluation of financial performance for the last three years, for both companies.
(2) An evaluation of stock performance for the last one year, for both companies.
(3) Finally, a specific recommendation, with supporting rationale, as to whether or not either
targeted company\'s recent trend in financial and stock performance is of sufficient financial
strength to warrant entering into a long-term commitment.
To assist you in your task, the CFO has provided the following general guidance. Since it is
recognized that the industry is undergoing a major contraction in selected markets, it is very
important to comparatively evaluate both CAT and DE relative to financial and stock
performance trends against its Industry.
IMPORTANT: You must include all necessary and relevant financial performance and stock
information, trends, and projections in supporting your recommendation. These factors must
include, financial ratio trends and industry comparatives, capital spending, stock growth, Beta
values, credit rating service valuations, bond rating valuations, and management and investment
reports - when these documents are available.
REPORT REQUIREMENTS
YOUR SPECIFIC ASSIGNMENT
Research and analyze the following information for both Caterpillar and Deere:
Annual Balance Sheets for the last three years.
The Income Statements for the last three years.
Annual reports, 10K or 10Q
Industry .
Developing A Strategic Plan
A strategic plan provides a framework for business decisions and goals. It explains the business to others and helps with performance monitoring. A strategic plan differs from an operational plan in that it is more visionary and conceptual while an operational plan is shorter term and focused on implementation. Developing a strategic plan involves several key steps: defining a vision for the future of the business, crafting a mission statement, identifying core values, setting objectives and strategies, and establishing goals and implementation programs. The process requires reviewing past performance and identifying strengths, weaknesses, opportunities, and threats to help guide strategy development.
Sustainable Clothing Market 2021.ppt
The study's accurate and thorough examination of the competitive landscape, which includes the fierce struggle among players, enables the organisations to develop their strategies appropriately and outperform their rivals
Strategy and Vision for SMEs
SMEs need strategy just as much as large organizations. Strategy provides direction and helps businesses compete and grow. While strategic planning can help plot a company's direction, the plan must have flexibility to adapt to changing market conditions. An effective strategy addresses questions about the business, its customers, and how it will excel. It also requires understanding internal strengths and weaknesses as well as external opportunities and threats through analysis.
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The Importance Of Non Financial Information In Decision Making
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Business plan-guidelines-for-south-african-businesses
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202 Part 3 . Formulating and Implernenting Strategy fbr Intern.docx
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Companies for your comparative analysis Caterpillar Inc. and Deere .pdf
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Task 2 - Business Objectives
- 1. 10022815 - Priscilla Niuia
- 2. 3 Levels of Objective Setting Strategic objectives: are long-term organisational goals that help to convert a mission statement from a broad vision into more specific plans and projects. Set by Management. https://www.google.co.nz/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF- 8#q=strategic+objectives (22 June 2015) Example: - Where they want the company to be in 5 - 10 years - Overtake key rivals on quality or customer service or product performance - Attain stronger foothold in local and national market - Increase share in market by a certain percentage e.g. 10% - For a small business (or large) it may be to own their own building
- 3. 3 Levels of Objective Setting Intermediate objectives: these are the short term plans i.e. within the Financial Year, these are the responsibility of Middle Management. When setting these objectives they will take into account the Strategic objectives of the Organisation. http://businesprinciplestraceycooper.weebly.com/3-levels-of-business- objectives.html (22 June 2015) Example: - Ties in to the Strategic objectives - To increase market share by 2% in one year
- 4. 3 Levels of Objective Setting Operational objectives: these are Daily, Weekly or Monthly targets and these are derived from the Intermediate objectives. http://businessprinciplestraceycooper.weebly.com/3-levels-of-business- objectives.html (22 June 2015) Example: - These objectives will be set by targets for individuals or groups to help achieve the intermediate and therefore strategic objectives (KPI’s) e.g. sales targets, etc
- 5. INTERNALFACTORS STRENGTHS what your business does well that gives you an advantage over your competitors and how it helps you reach your objectives WEAKNESSES what are things your business doesn’t do well, room for improvement, things that will hinder the organisation from reaching its objectives - Skilled staff - Market share/monopoly - Established brand - Differentiation - Unskilled/inexperienced staff - Reputation - High turnover of staff - New business - Poor management EXTERNALFACTORS OPPORTUNITIES a factor in the external environment that would help the business reach its goals and objectives THREATS a factor in the external environment that would hinder the business reach its goals and objectives - New technology - Government, Legislation e.g. Free Trade Agreement; Patent; - Networks - Demographics, e.g. social behaviours, trends, - New technology - Government, Legislation e.g. Free Trade Agreement; Patent; - Competitors within the same/similar market - Economic climate e.g. boom/recession - Non-economic climate e.g. weather; ebola - Social behaviours SWOT Analysis A method used as part of a Business Strategic Planning to analyse its resources and external environment; can help gauge the health of a business. From this analysis a business can then build their strategic plan.
- 6. PEST Analysis External environment factors that could impact on business operations outside the organisation P - Political These are factors that include government regulations and laws that define both formal and informal rules which a business has to undertake. For example: -Health & safety laws - Employment laws -Tax policy - Competition laws -Environmental regulations - Consumer protection -Economic Factors E - Economical These factors affect purchasing power of potential customers and the cost of a business' capital. Examples of this are: -Interest rates - Unemployment -Globalisation - Inflation -Exchange rates - Economic growth S - Social Social factors affect both the demographic and cultural aspects of the external environment. They also affect both workers and consumers as well as the customers needs and the size of potential markets. Some of these factors are: -Ethical issues - Demographics -Career attitudes - Emphasis on safety -Environmental concern T - Technological With the ever changing face of technology today it can be both room for opportunities or threats for organizations. These factors can lower barriers to entry, reduce production levels, as well as influence outsourcing decisions such as: -Marketing - Communication -Production methods - Technology incentives -Rate of technological change