hello everyone here is a question for you ....
what do you mean by individual objectives in business ???
Answers
Explanation:
These comprise of objectives of a particular business or a firm in a particular industry.For example : a business which has high market and great reputation for its products will try to improve and increase its market.They can easily adapt to the changes in the business environment. Whereas a small business will try to sustain the changes in the market so that it would be in the market So incase of the first company,the objectives are to improve the market for its products and to keep on increasing the reputation and capital. Incase of the second company as it comprises of weak management, it's objectives would be to sustain the changes in the market so that I can stay in the market and can try to create demand for its products as time passes. So the individual objectives of a business are nothing but the basic missions of the business which must be achieved
Objectives can be divided into long term objectives(VISION) and short term objectives(MISSION). Therefore an individual firm's missions and visions comprise a firm's objective
Personal objectives refer to the job-specific goals of each individual employee. When completed at the individual level, managers may add more objectives specifically designed to maximize team efforts. The goal is to achieve quantity and quality of effort between individuals and the team.