Undertaking New Ventures: When your company is expanding vertically or horizontally into new areas resulting in new products or services or activities, the objectives of a firm need to be changed to accommodate it.

Company Takeover: When another company takes over a company, major changes take place. The original company’s branding may remain the same, but more often than not, the direction and vision of the company are changed.

Eliminate Abandoned Activities: It might so happen that, over time, some of the company’s activities may prove unnecessary or pointless. In this case, these activities will be slowly abandoned, and the company will have to edit the company objective to reflect the same.

Banned or Prohibited Activities: Government policies keep changing. Sometimes an activity that was legal when the business started may be declared illegal, or the government may restrict permissions. In such cases, your company should avoid that activity and amend the objectives to avoid legal consequences.