Business Objectives (Grade 10 NSC Matric Business Studies): Flashcards
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Practise the cards
10 cards from this deck
Business objective
Business objective
Detailed plan of steps to reach a specific goal
3 main areas business objectives focus on
3 main areas business objectives focus on
Profit, productivity, service
SMART acronym
SMART acronym
Specific, Measurable, Attainable, Relevant, Timely
Measurable in SMART objectives
Measurable in SMART objectives
Can be tracked with numbers or data
Increase market share objective
Increase market share objective
Growing company's portion of total market
Teamwork definition
Teamwork definition
2+ people working together towards a common goal
Synergy in teamwork
Synergy in teamwork
Combined team effect > sum of individual efforts
Diversity in business
Diversity in business
What makes people unique: cultures, backgrounds, beliefs
Teams vs individuals working alone
Teams vs individuals working alone
Teams achieve more than individuals working alone
Effective team environment requirement
Effective team environment requirement
Encourage trust, respect, and cooperation