MBA NOTES:WHAT IS OBJECTIVE

WHAT IS OBJECTIVE

DEFINITION:
OBJECTIVE IS WHAT YOU NEEDS TO ACHIEVE TO COMPLETE THE MISSION

OBJECTIVES ARE RELEVANT TO MISSION STATEMENT IF YOU ACHIEVE THE OBJECTIVES THEN YOU WILL COMPLETE THE MISSION

EXPLANATION:
IN SIMPLE WORD IF YOU PLAY THE MISSION TYPE OF VIDEO GAMES. EVERY STAG OF THE GAME HAVE MISSION THAT YOU HAVE TO COMPLETE WHEN YOU WILL COMPLETE THE MISSION THAT GAME TRANSFER YOU NEXT STAGE AND EVERY MISSION HAVE OBJECTIVES THAT ALL MUST BE COMPLETED. WHEN YOU WILL COMPLETE THE ALL OBJECTIVES THEN MISSION WILL BE COMPETED AND YOU WILL GO TO NEXT STAGE.

FOR EXAMPLE GAME
HITMAN

BECAUSE WE USE MILK SUPPLIER IN PREVIOUS NOTES SO I WILL ALSO USE IT TO EXPLAIN THE OBJECTIVE

SUPPOSE

VISION
BECOME A LEADER OF MILK SUPPLIER INDUSTRY

MISSION
SUPPOSE WE WANT TO BECOME A ABC CITY SUPPLIER LEADER FIRST
WHAT ARE THE THINGS WE HAVE TO COMPLETE TO BECOME A ABC CITY TOP MILK SUPPLIER


OBJECTIVES
1. TO DECREASE OUR MILK RATE TO DECREASE THE COST
2. TO INCREASE THE PROFIT


HOW WE CAN DECREASE THE MILK COST

THE ANSWER IS WE WILL USE THE STRATEGIES TO ACHIEVE THE OBJECTIVES

WHAT IS STRATEGY
HOW WE CAN ACHIEVE THE OBJECTIVE IS CALLED STRATEGY IT IS A PLAN OF ACTION

WHAT TYPES OF STRATEGY WE WILL USE TO DECREASE THE MILK COST

STRATEGY
1. USE LATEST MACHINE TECHNOLOGY TO REDUCE THE LABOUR COST

WHEN WE WILL USE THE MACHINE TECHNOLOGY OUR COST WILL BE DECREASE AND TOTAL MILK COST WILL DECREASE AND OUR MILK COST WILL BE REDUCED OR OBJECTIVE WILL BE COMPLETED.
WHAT IS VISION STATEMENT
WHAT IS MISSION STATEMENT
WHAT IS OBJECTIVE
KEY TERM OF STRATEGIC MANAGEMENT
WHAT IS FACTOR IN STRATEGIC MANAGEMENT
PITFALL,DRAW BACK IN STRATEGIC MANAGEMENT
TYPES OF STRATEGIES


MBA NOTES