Balancing profit, survival, growth and social goals
Business Studies · Grade 10 · about 40 minutes
The four kinds of goal pull on the same limited cash; a good set names the order and the trade-off.
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- 7 sections of explanation, worked examples and diagrams
- 1 practice task with hints and worked answers
- A quiz that marks itself as you go
- Your progress kept across every subject you take
Other lessons in this sub-strand
- The importance of goal setting, and the factors to consider
- The steps in setting goals, and SMART goals
- What a business goal is
- Profit as a business goal
- Survival as a business goal
- Growth as a business goal
- Social goals of a business
- Balancing profit, survival, growth and social goals
- Resources and customers when setting goals
- Law, the economy and competition in goal setting
- Short-term goals for Kenyan MSMEs
- Long-term goals and the steps that reach them
- Formulating SMART goals for a local MSME