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Objectives of Business - Nature and Purpose of Business - Class 11 Business Studies

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Por Pierre Veyrat. Every business knows it must reach its quarterly or yearly goals and objectives. However, is it always clear for everyone what are goals and how to set and achieve them? Goals in general are used to provide a direction for management. This is your main objective. But how will you achieve it? Goals are used in this situation because they quantify the objective. You need to figure out how you will achieve your goal to reach the ultimate objective. Aims and objectives of businesses.

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Download This Document. Managing A Successful Business Project.

A case study on Djinn. There are a large number of factors such as economical, political, technological etc. Before entering into a new market organisation have to analyse the market trends which can be possible through conducting a proper market research. The chosen organisation for this report is djinn who manufacture, design and sell their products to small and big retailers across the UK. Organisation has decided to Introduce a new summer shoe in London fashion week which is held on 16 th to 20 th February due to which they will interacts with the major competitors of clothing sector.

Present report will discuss about the vision, aims and objectives of the organisation along with project management plan. Gantt chart, work breakdown structure, small scale of research will also covers in this report. It provides quality clothing products to small medium scale enterprises, emerging designers etc. For expanding their business operations company has decided to introduce a summer shoe in the London fashion week which will held between 16 th to 20 th February Ariely, The main objective of management behind this is that they wants to sell their products to major competitors of clothing sector.

As they are expanding their business activities, they have to make new strategies and plans due to which they will easily attract a large number Alms customers in effective manner. Before going to London fashion week, company have to analyse their newly manufactured product along if its quality, capability etc. For this, the project manager have duty to make some aims and objectives for their employees which are briefly explained as under: Aims are the intent statements which are generally written in broad terms. They sets the findings which must be achieved after execution of project. Whereas objectives are the specific statements which defines the measurable results and outcomes.

B Project management plan that covers various aspects including cost, scope, time, quality, communication and resources Project https://amazonia.fiocruz.br/scdp/essay/media-request-css/steroids-and-sports-essay.php plan consist of oc which are helpful for managing the project in order to complete it on the predetermined time.

It Aims and objectives of businesses the management to complete the project in an efficient manner. This plan states the course of action which must be taken by the researcher to utilise the resources for getting a valid and reliable output. Researchers needs to consider several factors for a successful research and to determine the course of action for executing the project. Cost: It is an essential element without which the research and expansion cannot happen. Both researcher and Djinn needs to ensure that they have sufficient funds for carrying out the research. As Djinn is launching a new product i. The expected cost of the researcher in doing the research is 50, pounds. Whereas the company Djinn has Aims and objectives of businesses 1,50, ponds for the expansion process.

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The company businesses invest this cost in the expansion process for purchasing resources and machinery. Scope: When a firm enter into a new market with a complete new product, then it can achieve strong sustainability in the new market.

Sothe scope of the project of Djinn is very wide in scale. Whereas the company needs to conduct research regarding the London market in order to take valuable and reliable judgements for launching the new product.

So, the scope of the researcher will also be very wide. Time: Djinn is launching a new product i. The time in which the new product is launching is 4 days i. On the other hand, the researcher needs 2 months for completing the research.]