SMART OBJECTIVES & BUSINESS OWNERSHIP

​Revise the following objectives into a SMART compliant. 

By Nala R

Open Ended

1.  Increase customer satisfaction

Open Ended

2. Expand market share

Open Ended

3. Improve workers' productivity

Open Ended

4. Increase online sales

Open Ended

5. Reduce operating costs

Identify the business ownership

Open Ended

1. Dave manages a small repair shop for bicycles. He alone decides how to run the shop, sets the prices, and directly faces any financial risks if things go wrong.  

Open Ended

2.  Mina, Alfonso and Walter decided to open a small café. They agreed to divide responsibilities, share earnings, and also bear any risks that come with running the café.  

Open Ended

3.  Cavida Foods is controlled by several relatives who each hold a portion of the business. Their financial responsibility is limited only to what they put into the company.

Open Ended

4.  MultiTech Enterprises has many investors around the world. People can easily buy or sell their shares, and the business is managed by professional executives on behalf of the shareholders.

Open Ended

5.  Marco works at a transportation company that operates the city’s buses. The entire organization is owned and regulated by the government, and its main goal is to serve the community rather than maximize profit.