aims and objectives, goals, milestones, tasks why are we here? what do we want to do? how are we...
TRANSCRIPT
Aims and Objectives, Goals, Milestones, Tasks
Why are we here?What do we want to do?
How are we going to get there?How do we break that down?
How do we know when we’ve arrived?First things first…
Types of Organisations
Small trader
Partnership Co-operatives
Local authority
direct labour organisations
Charities
Building societies
QuangosPrivate limited
company
Public limited
company
Nationalised industry
Government department
Local Authority
Franchising?
Make a ProfitCreate benefits for society Create benefits for members.
Is the profit motive sufficient? • Short term
– Quick return• Long term
– Investing for the long term• Market share
– Increase our share of the market– Move into a market not already saturated
• Market growth – (organic or through acquisition )
• Satisficing – Where I live is more important than the maximum return for
shareholders • Survival • Lifestyle• Loss maker
– Avoiding paying to much tax• Loss leader
– Killing off the new competition
Aims of a Profit Making Business
• Turnover is vanity
• Profit is sanity
• Cash is king
Some possible other objectives
• fairtrade• Buy local• Sustainable• Environmental • Peaceful• Humanitarian • Educational
Maximization of public benefits
• How - targets • Who - managers • Other manager objectives