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Functional Objectives and Stratagies
Descripción
(BUSS 3) Business Studies Mapa Mental sobre Functional Objectives and Stratagies, creado por skipper_jack el 07/04/2014.
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business studies
buss 3
business studies
buss 3
Mapa Mental por
skipper_jack
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skipper_jack
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Resumen del Recurso
Functional Objectives and Stratagies
Corporate objective
A long term goal that effects the business as a whole
EG - become the first choice supplier
Functional Objective
Contribute to the success of corporate objectives
These can be broken down into different functional areas
HR
Marketing
Public relations
Corporate obective
Increase Profits
Functional objective
reduce costs by 10% (all departments)
Increase sales by 20% (Marketing, Sales Research and development)
These objectives are used to form Stratagies
the strategy is the plan of action to meet Functional and Corporate objectives
Corporate strategy
Developed to achieve the corporate objectives
Functional strategy
Developed to achieve the functional objectives
These strategies need to be SMART
S - specific
M - mesurable
A - achievable
R - realistic
T - timebound
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