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The Nature of Conflict over Business Objectives Between Owners and Managers of an Organization
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The Nature of Conflict over Business Objectives Between Owners and Managers of an Organization This report aims to examine the sources, nature and effects of conflicting business objectives of the owners and managers of an organization. Relevant theories will be illustrated on the examples of Selfridges and New Look. These organizations have been chosen, as their recent buy-outs have been followed by the resignation of their chief executives, which points to the existence of conflict between the managers and the organizations' new owners. A business objective is a precise statement of the long-term direction of an organization. It sets out both, the desired result and the strategic measures to be used to achieve that result. To be effective, an objective should be specific, measurable, achievable, relevant and time-bound. Business objectives are set at both operational and functional level. In order to survive in the long term, any organization needs to make a profit....
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