Corporate Goals and Objectives in Business

Play an AI-generated podcast conversation about this lesson

What is the primary goal of social enterprises?

Creating positive social and environmental impacts.

What is the triple bottom line concept used to describe?

The three main objectives of social enterprises: economic (financial), social, and environmental targets.

What is the overarching aim of social enterprises?

To create positive impacts by balancing economic sustainability, social equity, and environmental responsibility.

What are the qualities of an entrepreneur?

The range and aims of social enterprises, triple bottom line- economic (financial), social and environmental targets. Signup and view all the answers

What is the concept of added value crucial for in the Nigerian business environment?

For businesses to succeed. Signup and view all the answers

What is the purpose of setting corporate goals and objectives?

To guide the organization's strategies and actions. Signup and view all the answers

How do corporate goals and objectives benefit businesses?

They help in formulating strategies, allocating resources effectively, motivating employees, and monitoring progress towards success. Signup and view all the answers

What is the concept of added value and why is it crucial for businesses?

Added value is crucial for differentiating businesses from competitors and succeeding in the market. Signup and view all the answers

What are some factors that can impact the creation of added value in the Nigerian business environment?

Both internal and external factors can impact the creation of added value. Signup and view all the answers

Why do many businesses in Nigeria fail?

One common factor is a lack of proper market research, which leads to inadequate understanding of customer needs and preferences. Signup and view all the answers