1. Profitability – Ability of a business entity to generate net income. Must set specific goals for how much profit we expect to make on each product, unit, etc.
2. Growth – taking measures that strengthen the company, expanding the product lines and penetrating new markets
3. Organizational efficiency – Must provide a firm basis for human resource planning, workforce statistics and analysis to support organisational efficiency and effectiveness
4. Employee welfare – Provide employee welfare benefits to stimulate workforce loyalty and foster lower absenteeism, reduced staff turnover, higher productivity, and, ultimately, improved profitability and higher market valuation.
5. Resource conservation – conserve natural resources and energy by managing materials more efficiently.
2007-08-03 02:27:50
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answer #1
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answered by Sandy 7
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