Business Objectives and Stakeholder Objectives

What is the primary role of business objectives according to the presentation?

• To increase profits

• To guide strategic direction and achieve success

• To reduce costs

• To expand market share.

Fill in the blank: Growth objectives focus on expanding operations, increasing market share, and achieving ______ of scale.

• A) Economies

• B) Costs

• C) Losses

• D) Expenses

What are businesses increasingly incorporating into their operations to reflect a growing awareness of their impact on stakeholders?

• Financial considerations

• Social, ethical, and environmental considerations

• Technological advancements

• Marketing strategies

Which of the following plays a crucial role in raising awareness of social and environmental concerns, prompting businesses to take action?

• Media

• Government

• Competitors

• Customers

Businesses are incorporating social, ethical, and environmental considerations into their operations to reflect a growing awareness of their impact on ________.

• profits

• stakeholders

• competitors

• technology

Which entity sets regulations and standards that businesses must adhere to in order to promote responsible behavior?

• Media

• Government

• Pressure groups

• Customers

Employees seek fair wages, safe working conditions, and opportunities for ________.

• Travel

• Growth and development

• Bonuses

• Remote work

What do employees value according to the document?

• Company culture and ethical practices

• High salaries

• Flexible hours

• Stock options.

Investors seek a return on their investment, often in the form of ________.

• Dividends and capital appreciation

• Bonuses

• Discounts

• Free shares

What does the text suggest is necessary for finding solutions that benefit everyone?

• Understanding stakeholder needs

• Increasing profits

• Reducing costs

• Expanding market share