Objectives of Business – Profitability, Growth, Stability, Efficiency and Survival. Business is the act of engaging in activities such as sales, purchases, and manufacturing, with the goal of earning a profit and achieving growth. Business can also refer to a specific company, enterprise, or corporation. To increase market share, companies can focus on improving leadership skills, reducing employee turnover and increasing satisfaction, expanding community outreach, maintaining or increasing profits, and strengthening customer service. Business firms often invest heavily in information systems to achieve six strategic objectives: operational excellence, new products, services, and business models, customer and supplier intimacy, improved decision making, competitive advantage, and survival.

Sruthy Santhosh

61 resources

0

0

0

Like