What are Intermediate Objectives?

Machinery and equipments - The objectives concerned to these areas in that the machine and equipment should be such that they should be able to produce the products as per the specification and accuracy required. The total cost of procurement and running cost should be minimum. Once the machines are procured and put.

Materials – The materials should be made available when required as per the specification and at the most economical price. The production department should aim at maximum utilization of the material with minimum wastage and scrap.

Manpower – Manpower is an important resource or input to production and the success of production depends to a greater degree upon the type of manpower an organization possesses. Thus, there should be a perfect between the workers & jobs and the manufacturing department climate should be such that the potential skills and energies of the workers should be channalised in to constructive outputs. The objectives are set with respect to productivity per worker labour turnover rate, safety and industrial relations etc.

Supporting service – This helps indirectly to achieve the others objectives and adequate provision of the services helps to utilize other inputs effectively. The achivevement of these objectives helps the company to satisfy the customer needs and increase the market share resulting in increased profitability.

How should increase Entrepreneur their own Decision Making knowledge

He must believe in himself and should be possessing ability to take decisions effectively. Decisions taken should be based on quantitative facts. Decisions which affect organizations and are likely to be irreversible must be taken with great care.
Entrepreneur strength has to take decisions without the assistance of quantitative data or experienced support staff, and then he has to be more creative than just a conventional manager. Such problems have to be seen from different angles and answers must be required in an innovative way. Decisions taken must improve the future profitability of the enterprise Entrepreneurs past experience, initiative decisions making ability, rational approach, and problem solving ability, creativity etc.. It will help him take quick and accurate decisions.

Here are some great tips to become a good decision maker.
1.Define the problem
2.Collect information and relevant date
3.Begin with a ‘brain storming’ session and discuss the problem with each other
4.Never criticize or reject any solutions suggested during the brain storming session
5.Encourage group members to come up with potential solutions.
6.Reduce the number of alternatives to three or four after discussion
7.Consider each alteranative extensively and determine the best to meet your needs
8.Implement decisions.