Studied by 7 peopleTags & Description
Stakeholders
________ are people who have a direct interest in the performance & activities of a business.
social enterprise
A(n) ________ has social objectives as well as am aim to make a profit to reinvest back into the business.
Job security
________- workers dont want to look for new jobs frequently.
Financial objectives
________: To make a profit to invest back into the social enterprise to expand the social work that it performs.
Business objectives
________ gives workers & managers a clear target to work towards.
Social objectives
________: to provide jobs & support for disadvantaged groups in society, such as the disabled or homeless.
Business Objectives
A business objective is an aim or a target that a business collectively works towards
Increasing share price
managers can try to achieve this not just by making profits but by putting plans in place that give the business a good chance of growth & higher profits in the future
Social objectives
to provide jobs & support for disadvantaged groups in society, such as the disabled or homeless
Environmental objectives
To protect the environment
Financial objectives
To make a profit to invest back into the social enterprise to expand the social work that it performs
Financial
meet profit targets set by the govt
Service
Provide a service to the public & meet quality targets set by the govt
Social
Protect or create employment in certain areas → especially poorer regions with higher level or unemployment
Job security
workers dont want to look for new jobs frequently
Expect all firms to stay with the law
law affects business activity
Business objective
Helps to make a business successful (but doesn't guarantee success). This gives workers & managers motivation & clearer targets
Business Survival
Most important for new-start ups or when economy is moving into recession. New competitors also cause insecurity
Profit
the total income of a business (revenue) minus total costs
Market share percentage =
(Company sales / total market sakes) x 100
Social enterprises
Businesses run by private individuals, but they have social (providing jobs for the disadvantaged) & environmental goals
Stakeholders
A person or a group of people with a direct interest in the performance & activities of a business. They can be external & internal
Returns to shareholder
The managers of a company often set the objective of increasing returns to shareholders. This is done to discourage shareholders from selling their shares & helps the managers to keep their jobs
Growth can only be achieved when
the customers are satisfied the product / service provided
Social objectives
To provide jobs & support disadvantageous groups in society
Environmental Objectives
To protect the environment
Financial Objectives (for social enterprises)
To make a profit to invest back into the social enterprise to expand the social work that it performs
Note
Flashcard