How are these business goals determined

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How are these business goals determined and the contribution of the manager in regard to moving the business towards the goals.

How are these business goals determined?

Business goals will be determined by an existing resourceful feedback from esteemed customers and the working staff regarding the strengths and weakness of the business activity. This will inform the decision making process that leads to deriving a goal.

These goals are also determined by the potential productivity of the firm in terms of existing proficiency, self-efficacy of workers and the amount of resources at the disposal of the firm. The firm will create goals that will seek to maximize its potential in terms of utilizing the resources available in a way that will increase the brands and profits of the firm. Business goals are determined by the nature of business strategies and even from the terms and conditions of execution of the business practice.

This means that the goals will be tailor made to meet these strategies and be executed in line with the existing terms and conditions.Hill, B. E., & Power, D. (2013). How can a manager help move the business towards these goals?The manager should measure the market potential for their business practice, possible limitations that may arise in the course of running the business agenda as well determining the possible levels of market penetration that the firm is likely to enjoy.

The manager can also check previous goal implementation strategies for the firm, analyze theirfailures, come up with enhanced ways of dealing with the goal barriers through taking up initiatives such aslooking at how the business goals merge with other prevailing conditions in the market such as government policies or the issue of working in an environment with limited resources.Knight, G., O'Neil, M., & Hayden, B. (2004).

Reference no: EM13794160

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