One of the benefits of a strategy map is that goals and how they are linked can be communicated clearly to everyone in the organization. Does a minimum-wage maintenance worker in a hospital really needs to understand any goals beyond keeping the place clean?
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One of the benefits of a strategy map is that goals and how they are linked can be communicated clearly to everyone in the organization.
Does a minimum-wage maintenance worker in a hospital really needs to understand any goals beyond keeping the place clean?
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- What is the difference between official and operational goals?What are multiple goals? What is a goal hierarchy? How are these concepts related?Identify the measure of performance described. When a coach tells her players at the end of losing a game, “You really played well and stayed in the game plan,” she is using what measure of performance? When a coach tells her players at the end of losing a game, “Try to put top-spin on the ball,” she is using what measure of performance? Application of processes, methods, skills, expertise, and experience to accomplish specific goals within agreed-upon parameters using processes, methods, skills, knowledge, and experience. Method of maintaining the appropriate number of parts and goods in storage in order to prevent shortages, overstocks, and other costly issues. Process of ensuring reporting accuracy, preventing fraud, and safeguarding the organization's physical and intangible assets.
- Over a decade ago, Folkhälsan—a healthcare nonprofit based in Finland—recognized the need for an integrated strategy and improved performance management. Monica Niemi is Folkhälsan’s development manager and played an integral role in the creation of the organization’s Department of Strategy Management. Monica shared with us a little about life at Folkhälsan before the Balanced Scorecard, the difficulties and successes the nonprofit has had with strategic planning, the unique challenges a healthcare organization may face when handling performance management, and best practices you can put in place for your scorecard rollout.About FolkhälsanFolkhälsan, a nongovernmental organization in the social and healthcare sector, was founded in 1921. Today, Folkhälsan has approximately 1,500 employees and 19,000 members in its local association.The organization has five primary divisions:-Folkhälsan Foundation: This division has the responsibility of coordinating operations for the entire…The Management by Objectives technique has been criticized for putting too much emphasis on achieving goals (ends) and not enough on the methods that people use to achieve them (means). In reference to the scenario, discuss strategies you would apply to place a balanced emphasis on ends and means.Describe the career you would choose today if salary and required schooling were not contributing factors in your decision? In other words, what job would you do for free if you could start it tomorrow? Give at least two strategies (macro), including two tactics (micro) for each strategy to obtain your ideal career position. Tactics should be specific and include deadlines.
- How does a manager balance the need for flexibility in their plan with the need for clear and measurable objectives?1) S1: A Strategy Map is a useful tool that graphically illustrates the cause-and-effect relationships and connects the Balanced Scorecard strategy with an organization’s operating activities. S2: In order for the balanced scorecard to succeed, the entire organization must be behind it. Only S1 is correct Both statements are correct Both statements are incorrect Only S1 is incorrect 2) S1: To link measures to a strategy, they must be derived from management and be balanced. S2: The primary purpose of the balanced scorecard is obtaining increased operating profits for the current year. Both statements are incorrect Only S1 is correct Both statements are correct Only S1 is incorrectSHORT ANSWER If you were a business owner, which of these goals might you be able to accomplish using the framework of Theory Z or Theories X and Y? Could you use Theory Z to work on one goal and use Theories X and Y to work on another goal, thereby accomplishing two goals with these theories by using a different approach on each of the two goals? Goal 1: Improve quality of a product or service. Goal 2: Improve employee collaboration. Goal 3: Foster decision making skills in the workforce. Goal 4: Develop and maintain a successful workforce in a global environment. Goal 5: Develop strong leadership in the work place. Goal 6: Foster adherence to organizational values, ethics, and professional responsibility.
- Explain and compare strategy formulation with strategy implementation in terms of each being an art or a science ?When creating an action plan to make the shift from survival to purpose, which is not one of the common components?A plan is prepared that is long-term in nature and it was decided what activities will be done for achieving the plan. It was also decided how many employees will be needed, capital for achieving goals, and what type and how big of an office or land is needed for achieving this plan. Which hierarchy of plan is discussed? a. Strategy b. Procedures c. Policies d. Objectives