1.3 - Organizational objectives

Tactical objectives

________ are short- term goals that affect a section of the organization, they are specific and guide the daily functioning of the department.

New distribution channels

________ need to be established and this could be time consuming and costly.

Better decisions

What are made if more information is available, so other strategic tools are also used? Answer with a single words or term.

Quantitative objectives

________ are easier to manage and fulfill.

Weaknesses

________: Internal factors that are unfavourable when compared with rivals.

Threats

________: External factors that hinder the prospects for an organization.

Aims

________ are long- term goals of an organization; they are vague and unquantifiable.

Firms

________ might attempt to entice existing customers to buy more frequently; for example, with a customer loyalty program.

Ethics

What are moral principles that guide the decision- making and strategy? Answer with a single words or term.

External factors

________ may change them as well; State of the economy, government constraints, new technologies, presence of pressure and power.

Objectives

What are short to medium- term targets that are more specific and quantifiable? Answer with a single words or term.

Managers

________ may have the authority to devise processes to reduce waiting times, while employees may not.

Tactics

What are short- term based and used to achieve their tactical objectives? Answer with a single words or term.

Public sector organizations

________ do not strive for profit maximization.