21 Objectives of Business

People start a business to make a profit. But today, making profit is not only the main goal of people.

In fact, all businesses are starting to turn a profit. Because the company's profit is the litmus test of the company's organization .

But we must pay attention to the welfare of society. If the company stays safe, your business stays safe. We know your business is all about good relationships with your customers.

Again, business is a social process. Therefore, as a social process, entrepreneurs must think about the welfare of society. An entrepreneur must strive to achieve community satisfaction. Therefore, today the range of its activities is very wide.

Business objectives are presented and discussed below using a chart or table.

Goals of the company

A. Economic goals.
The economic goal of a company refers to the goal of making a profit. And you also have other goals that are indispensable for making a profit, including customer acquisition, regular innovation, and exploiting potential resources.

The company's economic goals or objectives are as follows:

1. Profit
One of the most important goals of a business is to make a profit. Individuals or organizations trying to do business only for profit. Profit is the lifeblood of business.

Profit is the main goal of the company. Advantage helps entrepreneurs not only earn a living but also expand their operations.

2. Production
A businessman makes a profit by selling products and purchasing materials for it. Produce products using these collected materials and make a profit selling these products. Also, an entrepreneur can provide services.

Therefore, one of the most important goals of business is the production of goods and services.

3. Use of wealth
A business requires various resources such as people, machines, materials and money. Access to these resources is limited, so every company must try to make the best use of these resources.

4. Creating buyers
An entrepreneur creates customers by modifying and developing a product or products . As a result, sales have increased with this business. This buying and selling benefits individuals, society and everyone.

5. Use of force
The company produces various types of products. They created small, large and medium production organizations. These factories require a lot of workers, so energy is used manifold.

6. National income growth
Individuals and communities benefit from companies, so that national income also increases. Therefore, one of the best goals of business is to increase people and national income.

7. Increase investment
Investment is one of the important engines of a country's economic development. Get started with actions to create or expand a business.

Therefore, it is very important for every country to increase investment in development.

B. Social goals.
Social goals are company goals to be achieved for the benefit of society.

Society always expects something in return for the welfare of its members. Business should not try to create problems for the company.

1 question
People always have many communication needs such as demand for staple goods, demand for vital goods, demand for luxury goods and so on. The company works to achieve these goals.

2. Jobs
The company solves employment problems. Small business, micro business, medium business, large industry create a lot of jobs and thus eliminate the problem of unemployment.

3. Innovation
There is a lot of competition in the company's products. As a result, new products appear on the market.

Business organizations start research to develop these products and then new products are created. This new product improves the company's quality of life.

4. Develop living standards
The development of people's living standards is another important goal or task of a business organization.

The company offers products at low prices. In this way the people of the society spend their life comfortably. People can choose their standard of living based on income and consumption.

5. Participation in good deeds
Legally, business means the manufacture or sale and purchase of goods. If he is a businessman, he cannot accept drams for dangerous work: theft, etc.

C. Human purpose.
Human goals are goals aimed at the well-being and satisfaction of the expectations of workers, social people, and ensuring proper education and training.

The goals of the company's people are as follows:

1. Payment of actual wages
Workers are paid for their work. This salary must be accurate. Employees do not perform well without receiving accurate wages.

Thus, employers help workers to work by paying them appropriate wages.

2. Development of human resources
The company's human goal is to create human resources. Production strategy, strategy discovery, acquisition of marketable skills, proper use of time, money and time, education, etc. They are accepted by employees for the company. As a result, human resources are given the opportunity to develop and grow.

3. Relationships
Within the framework of business objectives, relations between workers and owners, buyer and seller relations, employer-human relations, regional and foreign relations are created, and then human relations also develop.

4. Employee welfare
A corporate organization provides a better life for employees. The company provides employees with adequate or accurate wages. The company provides education, treatment, etc. Thus, the welfare of workers is guaranteed.

5. Guarantee of work and service
It is very important to ensure the work of the employees to achieve the goals of the business organization. A modern entrepreneur understands this well.

D. National target.
Every business must strive to achieve national goals, to become an important part of the country. The purpose of this area is to provide employment opportunities, increase in income, self-sufficiency, etc.

The company's national objectives are as follows:

1. State sovereignty
Trade and commerce ensure state sovereignty. Through companies, regions can be made self-sufficient by producing military equipment.

Therefore, by producing military equipment, the state gains state sovereignty.

2. Increased income
The state gets more revenue from business organizations. The higher the import activity, the higher the state income.

3. Increasing national wealth
Business creates wealth. Entrepreneurs help increase national wealth by increasing business opportunities and economic activity.

Other:
There are many business goals without them, and they are not core goals, but they are core values, growth, financial preservation, marketing , change management , competition analysis, etc.

From the discussion above it can be said that a company can have many goals, but one of the most important goals is the development of society and then its own development.