Unit 1.3 Business Objectives by Devi Natalia

Points to think about:

devi_natalia — 2021-09-10 05:27:15 UTC

What do you understand by the term ‘objective’?
Do you think it is important that Health and Beauty for You should have clear objectives? Explain your answer.
Why do you think June and Will are thinking of changing the objectives for their business over time?

Click here for a useful infographic titled “The 24 Most Inspirational Company Mission Statements”. Take a thorough look and then answer the following questions

devi_natalia — 2021-09-10 05:30:56 UTC

What similarities are there between these mission statements?
List three reasons why these mission statement may be considered to be 'inspirational'?

devi_natalia — 2021-09-10 05:33:14 UTC

Define the meaning of a mission statement.
What is your school's vision and / or your chosen business organisation mission statement?
How well do you think it aligns with the mission statement of the International Baccalaureate (only if you choose IB school)?

For any organization of your choice, investigate how the coronavirus pandemic of 2019 - 2020 caused changes to its organizational objectives and its business operations.

devi_natalia — 2021-09-10 05:38:08 UTC

Work with a group of 4 students.

Note:

Please consider possible positive changes, rather than just the negative impacts or changes on the organization.
You can also choose IB World School as an example of an organization affected by the global pandemic.

In groups of 2 - 4 students, debate whether you feel the following business practices are ethical or unethical, and provide justified reasons for your arguments.

devi_natalia — 2021-09-10 05:40:26 UTC

Charging customers premium prices at the cinema (theatre) for drinks, popcorn and other movie snacks.
Airlines charging customers higher prices for air travel during school holidays, such as Christmas or the summer break.
Using pesticides in agricultural food production (pesticides are the manufactured chemicals used to control weeds and insects that cause damage to farm crops).
Private fee-paying schools and universities choosing not to reduce tuition fees during nationwide closure of schools and universities due to the global Coronavirus pandemic in 2020.

Is 'business ethics' an oxymoron? If the primary purpose of businesses is to generate profit for its owners, does this necessarily mean that they will operate in an ethical way. For example, businesses in many parts of the world sell counterfeit products (the illegal imitation of goods sold to customers), which is regarded as deceitful, dishonest and fraudulent.

devi_natalia — 2021-09-10 05:43:17 UTC

Inquiry task!

Select one of the companies shown on the slides presentation page 34 then Find evidence of unethical business behaviour, such as:

Walmart's unequal pay for women
McDonald's sale of fast food and the association with health issues
The market power of Starbucks over coffee growers in low-income countries

Find evidence of objectives / actions to support the company's ethical business behaviour

You should report your findings to the rest of the class

Group 1: Allegra, Liam, Keiko, Hans

0210000687 — 2025-08-20 04:30:31 UTC

Q1: the results that you aim to achieve from your certain goal/company vision.

Q2: Yes, because objectives are one of the only ways to set a plan towards our goals. Without an objective, there will be no clear plans to achieve the result.

Q3: Their initial objective was for the business's survival. However, as their business continues to grow, they set their aim to maximize their profit while also opening new branches aiming for growth.

Group 2: Naima, Gioia, Luna, Kenzie

0209000666 — 2025-08-20 04:35:40 UTC

1.⁠ ⁠Ethical, because the ambience and the quality service they offer is better.

2.⁠ ⁠Ethical, because it has high demand on holiday.

3.⁠ ⁠Unethical, because it contains bad chemical substances that is dangerous for the customers.

4.⁠ ⁠Ethical, because the owner wants to get profit from it even during the pandemic where a lot of company collapse.