Understanding Management (MindTap Course List)
10th Edition
ISBN: 9781305502215
Author: Richard L. Daft, Dorothy Marcic
Publisher: Cengage Learning
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Question
Chapter 5, Problem 7DQ
Summary Introduction
To discuss:
How to decide where to draw the line between a "good" stretch goal and a "bad" one that is unrealistic.
Introduction:
Planning is a process of making the plan before executing any work. The process of planning includes identification of goals and objectives, formulation of strategies, creating the means required and implementation and monitoring.
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Chapter 5 Solutions
Understanding Management (MindTap Course List)
Ch. 5 - Prob. 1OTJVCCh. 5 - What did you learn about some of the real benefits...Ch. 5 - Prob. 1DQCh. 5 - Prob. 2DQCh. 5 - Prob. 3DQCh. 5 - Assume that Southern University decides to do two...Ch. 5 - Prob. 5DQCh. 5 - Prob. 6DQCh. 5 - Prob. 7DQCh. 5 - Prob. 8DQ
Ch. 5 - Prob. 9DQCh. 5 - Prob. 10DQCh. 5 - Prob. 1SLCh. 5 - Prob. 1GLCh. 5 - Prob. 1ALCh. 5 - Prob. 2ALCh. 5 - Prob. 3ALCh. 5 - Prob. 4ALCh. 5 - Prob. 5ALCh. 5 - When the idea first occurred to her, it seemed...Ch. 5 - Prob. 2EDCh. 5 - Prob. 3EDCh. 5 - Prob. 1CFCACh. 5 - Prob. 2CFCACh. 5 - Prob. 3CFCA
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Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.Similar questions
- Why are long-term goals much more important than short-term goals? What are its advantage and disadvantages?arrow_forwardRoy, an entrepreneur, has worked for years on developing his business idea and on ensuring a good implementation of his strategy. However, years into the business, Roy discovered that the profit he set to reach, in 5 years-time, is not attainable and is disappointed with the results. What is benchmarking? How can Roy make use of this concept when planning and setting goals?arrow_forwarddiscuss setting appropriate goals and objectives? What do you think should be considered (most importantly) when setting these goals? What about least important?arrow_forward
- Analyze the consequences of using traditional goals setting vs management by objectives with the help of an examplearrow_forwardExplain the concept of goal setting in the planning process. What are the characteristics of effective goals?arrow_forwardWhen does goal setting fail, and when does it succeed?arrow_forward
- The MBO technique has been criticized for putting too much emphasis on achieving goals (ends) and not enough on the methods people use to achieve them (means). Discuss if it is/isn't a flaw in the technique or how managers apply it. How might a balanced emphasis on ends and means be achieved?arrow_forwardWhat role does goal setting play in long-term planning and success?arrow_forwardIf I don't plan, then what's the point? Why is it beneficial to plan for IS implementation?arrow_forward
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