Answered: How can I answer the following…

How can I answer the following questions Why is goal setting important in strategic planning? What are the consequences of poorly developed goals? How can I prioritize your organization’s goals?

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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How can I answer the following questions Why is goal setting important in strategic planning?

What are the consequences of poorly developed goals?

How can I prioritize your organization’s goals?

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SHORT ANSWER If you were a business owner, which of these goals might you be able to accomplish using the framework of Theory Z or Theories X and Y? Could you use Theory Z to work on one goal and use Theories X and Y to work on another goal, thereby accomplishing two goals with these theories by using a different approach on each of the two goals? Goal 1: Improve quality of a product or service. Goal 2: Improve employee collaboration. Goal 3: Foster decision making skills in the workforce. Goal 4: Develop and maintain a successful workforce in a global environment. Goal 5: Develop strong leadership in the work place. Goal 6: Foster adherence to organizational values, ethics, and professional responsibility.
What are the various approaches and methods used in the process of establishing organizational goals ?
What are the most important factors to consider when developing and implementing a strategic plan for an organization, and how can these factors be balanced against each other?
Use your knowledge of organizational goals to answer the following questions. As the United Way campaign manager, you decide to set several measurable goals in addition to the overall goal for dollars raised: Eight out of ten employees will donate funds to the campaign. Awareness of the company's involvement in the United Way will increase from 70% last year to 90% this year. Which fact about goals is relevant given your goal to see an improvement in awareness? O Goals promote good planning and future goal setting. Goals motivate employees. Goals provide mechanism for evaluation. O Goals provide guidance and a unified direction for people in the organization.