Setting business aims and objectives common mistakes

Common mistakes

• Aims and objectives common mistake 1

  Giving a vague answer instead of directly addressing: Explain the main business aims and objectives: survival, profit maximisation, domestic and international growth, market share, customer satisfaction, social and ethical objectives and shareholder value..

  Fix itAnswer by clearly explaining how to explain the main business aims and objectives: survival, profit maximisation, domestic and international growth, market share, customer satisfaction, social and ethical objectives and shareholder value..

• Aims and objectives common mistake 1

  Giving a vague answer instead of directly addressing: Explain the role of objectives in running a business..

  Fix itAnswer by clearly explaining how to explain the role of objectives in running a business..

• Changing objectives and success measures common mistake 1

  Giving a vague answer instead of directly addressing: Explain why objectives differ between businesses, including business size, competition and not-for-profit status..

  Fix itAnswer by clearly explaining how to explain why objectives differ between businesses, including business size, competition and not-for-profit status..

• Changing objectives and success measures common mistake 1

  Giving a vague answer instead of directly addressing: Explain why objectives may change as businesses evolve from start-up to larger established businesses..

  Fix itAnswer by clearly explaining how to explain why objectives may change as businesses evolve from start-up to larger established businesses..

• Changing objectives and success measures common mistake 1

  Giving a vague answer instead of directly addressing: Explain why business success can be measured by more than profit..

  Fix itAnswer by clearly explaining how to explain why business success can be measured by more than profit..