Business objectives

Business objectives

Every business starts with some objectives. These objectives always define the path or way of business. It also includes future steps and decision according to the demand of the future. Mostly, we found two types of business objectives – economic and social objectives. In economic objectives, we mention economic gain or profit making, production of goods and services, making market share etc. In current environment, every business has some social responsibility/objectives also like employee relationship, customer satisfaction & mix activity for society etc.

Business objectives

Here, we mention some economical objective of a business: -

Economic gain or making profit: - this is the primary goal of every business activity. Economic gain or making profit, we show in terms of income, return on investment and growth etc. Nobody start a business without profit making. Every company or business, if trying to survive in the market or looking for a growth number & income, these activities shows a interest for economic gain or making profit.

Product – goods & services: - every company has some product in terms of goods and services. If a business looking to increase production on the same cost, they are looking for more customers or market share. Price war some time generates cost cutting also.

                                                                                                       

Making market share: - customer is the base for all the business activity. Every business tries to increase the market share by increasing the production on same cost or by cost cutting or by decrease the price of goods and services. A business only exist the market who have a adequate number of customer for their goods & services and they are increasing their customer according to the time run.