In a situation where an organization has more objectives to achieve, describe the best way to prioritize objectives
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In a situation where an organization has more objectives to achieve, describe the best way to prioritize objectives
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- Management by objectives is a joint goal setting process . In the light of this statement explain the importance of management by objectives .True or false 1. The starting point of the planning process is management’s strategic plan or vision of what they want the organization to achieve over the long term. 2. A short-term objective is a specific goal that managers want to achieve in more than a year to reach their long-term goals. True or False 3. Planning is the forward-looking phase of the planning and control process that involves setting long-term objectives and defining short-term tactics that will help to achieve them.Effective planning is a cornerstone of success in any endeavor, be it personal or professional. It involves the systematic process of setting goals, identifying resources, allocating tasks, and establishing timelines to achieve desired outcomes efficiently. One key aspect of effective planning is clarity of purpose; defining clear and specific objectives provides a roadmap for action and helps in aligning efforts towards a common goal. Additionally, thorough research and analysis play a crucial role in planning, as they enable decision-makers to anticipate challenges, identify opportunities, and make informed choices. Flexibility is another essential element of effective planning; plans should be adaptable to changing circumstances and unforeseen events to remain relevant and effective. Moreover, communication and collaboration are vital for successful planning, as they foster alignment, accountability, and synergy among team members. Regular monitoring and evaluation are also integral…
- Effective planning is not merely a static process but rather an ongoing and iterative cycle. It involves continuous monitoring and feedback loops that allow for adjustments and refinements as circumstances evolve. This iterative nature is essential for staying responsive to changes in the environment, whether those changes are internal or external to an organization or an individual's goals. Through regular reviews and assessments, planners can identify emerging trends, reassess priorities, and make necessary modifications to their plans. This iterative approach also promotes a learning culture, where insights gained from previous planning cycles inform future decisions. It allows for the incorporation of new information and experiences, enabling planners to adapt strategies in a dynamic and ever-changing landscape. In essence, the iterative nature of planning serves as a mechanism for resilience, enabling individuals and organizations to navigate uncertainties and pursue success with…Strategic management is the process of formulating and implementing strategies that enable an organization to achieve its long-term goals and objectives. It involves analyzing the external environment to identify opportunities and threats, as well as assessing internal strengths and weaknesses to determine the organization's competitive position. Once a strategic direction is established, managers must develop plans and initiatives to allocate resources effectively and align the efforts of employees towards common goals. This often involves setting clear objectives, defining key performance indicators, and establishing mechanisms for monitoring progress and making adjustments as necessary. Additionally, strategic management requires effective leadership to inspire and motivate employees, as well as the ability to navigate uncertainty and adapt to changing circumstances. By integrating strategic thinking into all levels of the organization, managers can create a sustainable competitive…Which of the following heuristics can be used for unaided people making decisions involving multiple objectives?
- 1) A mechanistic structure is highly suitable for an organization operating in an environment with very high levels of uncertainty True False 2) In scenario-based planning, managers focus on various scenarios that present alternative pictures of what the future may look like and how the firm would like to respond to each scenario True False 3) An organization's external environment is defined as everything that exists outside the boundary of the organization and has the potential to affect all or part of the organization. True FalseIn applying management science tools, a decision-maker commonly use the 7 steps. What are those? Lists and give examples to each steps. Requirement: The examples should be a scenario or a case1. Which of the following is a strength of top-down planning?Group of answer choices Identifies changes in the planing environment and can adjust to them Focuses on short-term problems Uses current technologies Produces incremental improvements
- Beth has decided to ask her sales team for ideas about how to increase sales revenue and what realistic sales targets are instead of just offering them incentives for reaching goals that she sets for them. The most likely outcome is that ______. A) Beth's team will ask for larger salaries because they feel that they are now doing her job for her B) Beth's team won't be able to come up with any ideas C) the sales team will be unmotivated to participate because they've never done this before D) Beth's team will be more motivated to reach the sales goals because they are involved in the process E) Beth's team won't sell any thing because she hasn't told them specifically what to doWhich of the following functions of management ensures that planned objectives set are achieved? a. Organizing b. Planning c. Controlling d. DirectingAn objective, logical, systematic approach for making major decisions in an organization is a way to describe the strategic-management process Select one: True False