How would you determine an appropriate objective for a business?

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How would you determine an appropriate objective for a business?

I’m trying to study for my Business course and I need some help to understand this question.

Respond to the following in a minimum of 175 words:

This second week we consider important aspects of a successful business model. In particular we begin consideration of the essential components of objectives and the strategies to achieve those objectives. After considering the material assigned this week,

How would you determine an appropriate objective for a business? What steps would you take to establish a business strategy to achieve that objective? What would be the elements of that strategy? How would you identify and align each element of that strategy with the associated business objective? How would you build an effective team to implement that strategy?

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