1. What are SMART objectives?
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- What are the three levels of planning, and what kinds of plans do managers develop at each level?What is the process where managers establish goals and outline how these goals will be met called?what are the limitations and potential pitfalls of Management By Objectives when setting overly ambitious goals?
- 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?In what multifaceted ways can the implementation of Management by Objectives (MBO) serve as a robust mechanism to not only establish and monitor organizational goals but also mitigate the risk of goal displacement, ensuring alignment with the overarching strategic vision and sustained performance excellence?What are the benefits of setting SMART objectives? Can you share an example please?
- b. I n what multifaceted ways can the implementation of Management by Objectives (MBO) serve as a robust mechanism to not only establish and monitor organizational goals but also mitigate the risk of goal displacement, ensuring alignment with the overarching strategic vision and sustained performance excellence?Startegic management is not effective without formulating long term objectives, and grand strategies. Discuss at least two strategies that managers can use to add value now and overtime for an organization.Briefly discuss the importance of setting of goals and objectives. What possible benefits do we get?
- Discuss How are individual goals aligned with organizational objectives in the context of Management By Objectives (MBO)?When creating an action plan to make the shift from survival to purpose, which is not one of the common components?Explain In Management By Objectives, how are individual goals connected to organizational objectives?
