BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1. Business objectives are needed to demonstrate to investors.
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2. Clear objectives can support the direction the entrepreneur would want his enterprise and employees to take.
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3. Objectives talk about business and are important for branding.
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4. Objectives are just a waste of time.
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Detailed explanation-1: -One of the biggest goals for entrepreneurs is to achieve greater efficiency in all aspects of their organisation. Right from speeding up processes, quicker delivery of services, weaving in improvements in offerings with changing times, be updated with the latest technology, and pursuing excellence in every way.
Detailed explanation-2: -Setting clear goals for the business can help you pinpoint not only who your customers are, but also the best way to reach them. This can help you maximize your marketing budget and increase your revenue.
Detailed explanation-3: -Why are clear objectives important? Clear objectives are important to determine whether your program is achieving what it set out to do. It is also important to write program objectives as specifically as possible to provide program clarity and strong links to evaluation.
Detailed explanation-4: -Objectives of an entrepreneur These could be: to be their own boss and have the independence and freedom to make their own decisions. to have more flexibility with their working hours.