Studied by 1 personRewards
________ are allocated on the basis of progress towards the goals.
Formal
________: written, specific, and long term focus, involved shared goals for the organisation.
Specific performance
________ are determined by employees and managers.
external environment
The ________ can reduce the impact of planning on performance.
Goals /objectives
desired outcomes for individuals, groups, or entire organisations, provide direction and evaluation performance criteria.
Strategic Goals
related to the performance of the firm relative to factors in its external environment.
Financial Goals
are related to the expected internal financial performance of the organisation.
organisational hierarchy
Flatten the ________ to foster the development of planning skills at the organisational levels.
Dynamic environment
specific but flexible plans.
Planning
is a primary managerial activity that involves
Informal
not written down, short-term focus, specific to an organisational unit
Plans
documents that outline how goals are to be accomplished, describe how resources are to be allocated and establish activity schedules
Financial Goals
are related to the expected internal financial performance of the organisation
Strategic Goals
related to the performance of the firm relative to factors in its external environment
Stated goals Vs. Real goals
broadly-worded official statements of the organisation (intended for public consumption) that may be irrelevant to its real goals (what goes on in the organisation)
Key elements of MBO
goal specificity, participative decision making, an explicit performance/evaluation period, feedback
Stable environment
specific plans
Dynamic environment
specific but flexible plans
Commitment concept
current plans affecting future commitments must be sufficiently long-term to meet those commitments
Note
Flashcard