Organization Objectives pp 19-40

Tuesday 5 th November Task 1

Mission Statements
A mission statement defines what an organization is, why it exists, its reason for being. At a minimum, your mission statement should define who your primary customers are, identify the products and services you produce, and describe the geographical location in which you operate.

http://www.entrepreneur.com/encyclopedia/mission-statement

Vision statement
A vision statement is sometimes called a picture of your company in the future but its so much more than that. Your vision statement is your inspiration, the framework for all your strategic planning.

http://sbinfocanada.about.com/od/businessplanni ng/g/visionstatement.htm

Tactical or Operational objectives

Short-term goal whose attainment moves an organization towards achieving its strategic or long-term goals. Also called tactical objective.

http://www.businessdictionary.com/definition/operationa l-objective.html

Strategy
A business strategy is the means by which it sets out to achieve its desired ends (objectives). It can simply be described as a long-term business planning. Typically a business strategy will cover a period of about 3-5 years (sometimes even longer). http://businesscasestudies.co.uk/businesstheory/strategy/business-strategy.html#axzz2kSE9CHZY

Tactics
Tactics: How you will achieve your strategy and when.

http://management.about.com/cs/adminaccounting/a/vst.htm

Ethical Objectives

Wedsnesday 6th of november

Task 1

Ethics
Business ethics are moral principles that guide the way a business behaves. The same principles that determine an individuals actions also apply to business.

http://businesscasestudies.co.uk/anglo-american/business-ethics-and-corporate-socialresponsibility/what-are-business-ethics.html#axzz2kSE9CHZY

Moral code
1. The quality of being in accord with standards of right or good conduct. 2. A system of ideas of right and wrong conduct

http://www.thefreedictionary.com/Moral+codes

Corporate Social Responsibility

The corporate belief that a company needs to be responsible for its actions socially, ethically, and environmentally.

http://ombo.berkeley.edu/name/questions/glossary

Social Audit
Social audit: An analysis done by an external organization on the business impact on worker local communities, where they get their resources.

Environmental Audit
Environmental audit: An analysis done by an external organization on a business impact on the environment emissions of CO2, carbon footprint, resources contribution to community.