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The modern enterprises pursue multiple objectiv...

The modern enterprises pursue multiple objectives and not a single objective. How is this possible?

The modern enterprises pursue multiple objectives and not a single objective. How is this possible?

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Chiranjibi Chapagain Mar. 22, 2018

Strategic business objectives are goals deemed most important to the current and future health of a business. Objectives are prioritized by an organization through a thorough analysis of business practices such as a SWOT analysis. SWOT stands for strengths, weaknesses, opportunities and threats.

Objectives are organizations performance targets – the results and outcomes it wants to achieve. They function as yardstick for tracking an organization's performance and progress.

Today, organizations are capable of achieving multiple objectives and they focus on different objectives rather than a single objective.

In general, we may identify a set of business objectives being pursued by the business. These may relate to profitability, productive efficiency, growth, technological dynamism, stability, self-reliance, survival, competitive strength, customer service, financial solvency, product quality, diversification, employee satisfaction and welfare, and so on.

So, if the organizations manage to balance these objectives in an appropriate manner, they can gain a huge competitive advantage over the market.

The modern enterprises pursue multiple objectives and not a single objective. How is this possible?

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