What is the difference between 'Business Objective' and 'Business Requirement'? [closed]

Objectives: What the business wants to happen. Requirements: How you plan to make the objectives happen.

1. What is the difference between an objective and a requirement?
2. What is difference between business need and business requirement?
3. What is the difference between business policy and business objective?
4. What is a business objective?

What is the difference between an objective and a requirement?

Project requirements are derived and created from product requirements. It is all required to complete the project scope. Project objectives are things you have to achieve to consider the project successful. Project objectives related to scope, time, quality and cost will address the project requirements.

What is difference between business need and business requirement?

A “requirement” is defined by the International Institute of Business Analysis (IIBA) as a condition or capability required by a stakeholder to solve a problem or achieve an objective, while a “need” is a high-level representation of the requirement needed. The need is the end result or purpose.

What is the difference between business policy and business objective?

Policies are general statements that guide thinking and channel energy toward a particular direction. Objectives are the endpoints towards which all the business activities are directed. Its main aim is to determine how the work is to be done.

What is a business objective?

Business objectives are the specific, measurable results that companies hope to maintain as their organisation grows. When you create a set of business objectives, you focus on specifics. This means analysing, assessing, and understanding where you are now and where you want to be in the future.