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Showing posts with label Bab 1 (kertas 1). Show all posts
Showing posts with label Bab 1 (kertas 1). Show all posts
Wednesday, March 16, 2011
Saturday, December 26, 2009
Formation of business policy
Formation of the business policy
The mission of the business is its most obvious purpose -- which may be, for example, to make soap.
The vision of the business reflects its aspirations and specifies its intended direction or future destination.The objectives of the business refers to the ends or activity at which a certain task is aimed.
The business's policy is a guide that stipulates rules, regulations and objectives, and may be used in the managers' decision-making. It must be flexible and easily interpreted and understood by all employees.
The business's strategy refers to the coordinated plan of action that it is going to take, as well as the resources that it will use, to realize its vision and long-term objectives. It is a guideline to managers, stipulating how they ought to allocate and utilize the factors of production to the business's advantage. Initially, it could help the managers decide on what type of business they want to form.
-faizal-
The mission of the business is its most obvious purpose -- which may be, for example, to make soap.
The vision of the business reflects its aspirations and specifies its intended direction or future destination.The objectives of the business refers to the ends or activity at which a certain task is aimed.
The business's policy is a guide that stipulates rules, regulations and objectives, and may be used in the managers' decision-making. It must be flexible and easily interpreted and understood by all employees.
The business's strategy refers to the coordinated plan of action that it is going to take, as well as the resources that it will use, to realize its vision and long-term objectives. It is a guideline to managers, stipulating how they ought to allocate and utilize the factors of production to the business's advantage. Initially, it could help the managers decide on what type of business they want to form.
-faizal-
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