SATISFICING/MANAGERIAL OBJECTIVES

• What are the business objectives of organizations?

  • Satisficing: Organizations aim to satisfy their own aims.
  • Keep costs low and continue services.
  • Make enough profits to expand and grow.
  • Raise funds to support more families.
• What does satisficing mean in the context of organizations?

  Satisficing means organizations will always satisfy their own aims.
• What are managerial objectives?

  Managerial objectives are the goals that managers pursue, often for personal promotion and recognition.
• How do managers gain recognition within their organizations?

  Managers gain recognition by leading new projects.
• What is corporate social responsibility (CSR)?

  CSR is the responsibility of organizations, especially private sector businesses, towards the planet and the community.
• How can organizations demonstrate corporate social responsibility?

  • Make donations to support charities financially.
  • Allocate staff charity time to actively help local projects.
  • Add causes to their website to raise awareness.
  • Reduce carbon footprint to improve the environment.
  • Increase recycling to reduce landfill waste.
  • Use less packaging to reduce waste.