Business – 1.4 Business objectives – Business objectives in private and public sectors | e-Consult
1.4 Business objectives – Business objectives in private and public sectors (1 questions)
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Clear business objectives provide:
- Direction: They guide the organisation towards a common purpose.
- Measurability: Objectives create benchmarks that allow performance to be monitored and evaluated.
- Motivation: Specific targets inspire employees and align their efforts.
- Resource allocation: Objectives help managers prioritise spending and staffing.
- Strategic coherence: They ensure that all tactical decisions support the overall vision.