BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The goals of an organization’s objectives include: Accomplishing the company’s mission: A company’s mission states why it exists and what it aims to do, while its organizational objectives state how it will accomplish this. Developing organizational policies: An organization’s objectives help shape its policies.

Detailed explanation-2: -Businesses set aims and objectives to help with decision making. This allows businesses to decide what their main focus should be. Aims and objectives also show key stakeholders, such as investors and employees, the direction the business is planning to take. This could make them more likely to support new projects.

Detailed explanation-3: -The main objective of any business is to earn a profit. Just as a plant cannot survive without water, similarly a business cannot sustain without profit. Profit is necessary for growing and expanding business activities.

Detailed explanation-4: -There are three types of organizational goals: individual, team, and corporate. With these goals, they all have specific time frames for achievement. In many cases, those goals have longer time frames than others.