objectives

Question 1

what are the objectives of public sector organisations?

Answer 1

• provide a service
• work within a budget
• operate ethically
• serve the local community

Question 2

what are the objectives of private sector organisations?

Answer 2

• profit maximisation
• provide a good quality service/product
• survival
• maximise sales
• growth
• corporate social responsibility
• operate ethically

Question 3

what are the objectives of third sector organisations?

Answer 3

• support a cause
• provide a service
• raise awareness of a cause
• maximise donations
• operate ethically
• survival
• increase number of volunteers

Question 4

what is corporate social responsibility?

Answer 4

when a company aims to act ethically and responsibly to ensure the public percieve them in a positive light

Question 5

what are the benefits of corporate social responsibility?

Answer 5

• reduced carbon footprint: can improve a companys reputation as they are seen to be eco friendly
• creation of new safety measures: can lead to a business gaining quality and safety awards which can then be used as a marketing tool and give the company a competitive advantage
• improved working conditions: will motivate existing staff and attract new staff to the organisation
• recycling, reducing waste and minimising packaging can reduce costs for an organisation and improve their reputations

Question 6

what are the two managerial objectives?

Answer 6

• working within a budget
• increased salary or position

Question 7

working within a budget

Answer 7

manangers will be given a set budget to which they have to adhere, this may prevent them from meeting some of the objectives of the organisation

Question 8

increased salary or position

Answer 8

• a manager may be aiming to gain a promotion which may help them to meet the main objectives of an organisation
• managers may be aiming to maximise sales to ensure they gain an increase in salary