BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Objectives provide direction and allow for organizational synergy. Strategic objectives include those associated with growth in revenues, growth in earnings, higher dividends, larger profit margins, and improved cash flow.

Detailed explanation-2: -SMART is an acronym used to identify the characteristics of good objectives. SMART objectives identify who should do what, under what conditions, according to which standards. SMART objectives are specific, measurable, achievable, relevant, and time-bound.

Detailed explanation-3: -Strategic management covers the setting objectives for the company, keeping an eye on competitors’ actions, reassessing the organization’s internal structure, evaluating present-day strategies, and affirming the implementation of those strategies throughout the company.

Detailed explanation-4: -Objectives serve as standards by which individuals, groups, departments, divisions, and entire organizations can be evaluated. Two types of objectives are especially common in organizations: financial and strategic objectives.

Detailed explanation-5: -An objective is a measurable, specific action an employee or team needs to take to meet the needs of a larger company goal. A strategy, on the other hand, defines how each employee or team will accomplish the objective.