15Though goal setting is usually viewed as a positive process, there can be downsides if a) employees lack skills necessary to reach the goals. b) employees can adapt their behaviors in response to unplanned threats. c) rewards are established for coming close to, as well as achieving a goal. d) goals also account for meeting quality standards.

Goal setting is basically the process that has a lot hard work behind,for what we actually want to…

Answered: Though goal setting is usually viewed…

Management, Loose-Leaf Version

13th Edition

ISBN:9781305969308

Author:Richard L. Daft

Publisher:Richard L. Daft

Chapter7: Planning And Goal Setting

Section: Chapter Questions

Problem 8DQ

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When the idea first occurred to her, it seemed like such a win-win situation. Now she wasn't so sure. Marge Brygay was a hardworking sales rep for Inspire Learning Corporation, a company intent on becoming the top educational software provider in five years. That newly adopted strategic goal translated into an ambitious, million-dollar sales target for each of Inspire's sales reps. At the beginning of the fiscal year, her share of the sales department's operational goal seemed entirely reasonable to Marge. She believed in Inspire's products. The company had developed innovative, highly regarded math, language, science, and social studies programs for the K— 12 market. What set the software apart was a foundation in truly cutting-edge research. Marge had seen for herself how Inspire programs could engage whole classrooms Of normally unmotivated kids; the significant rise in scores on those increasingly important standardized tests bore Out her subjective impressions. Bur now, just days before the end of the year, Marge's sales were $1,000 short of her million-dollar goal. The sale that would have put her comfortably over the top fell through due to last-minute cuts in one large school system's budget. At first, she was nearly overwhelmed with frustration, but then it occurred to her that if she contributed $1,000 to Central High, the inner-city high school in her territory probably most in need of what she had for sale, they could purchase the software and put her over the top. Her scheme would certainly benefit Central High students. Achieving her sales goal would make Inspire happy, and it wouldn't do her any harm, either professionally or financially. Making the goal would earn her a $10,000 bonus check that would come in handy when the time came to write out that first tuition check for her oldest child, who had just been accepted to a well-known, private university. Initially, it seemed like the perfect solution all the way around. The more she thought about it, however, the more it didn't quite sit well with her conscience. Time was running out. She needed to decide what to do. 1. Donate the $1,000 to Central High, and consider the $10,000 bonus a good return on your investment.
What did you learn about some of the real benefits and limitations of planning by watching this video?
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 incorrect
Manny is the Marketing Director for a children’s clothing line. He recently met with his boss, the Chief Marketing Officer, who walked him through the company’s new five-year strategic plan and the specific goals for his department. To evaluate whether goals were met, Manny must develop a list of “success metrics” and measure those throughout the course of the year and develop remediation plans if goals get off track. Manny’s work is an example of which of the functions of management? a. Controllingb. Leadingc. Organizingd. Planninge. None of the above
At the beginning of a fiscal year, your organization established several goals. As part of these goals, you have been tasked with replacing the wired Ethernet network with a wireless network. It has been estimated that this process will take 18 months. Of which type of goal is this an example? (30-50-word explanation) A) Operational goal B) Strategic goal C) Mid-term goal D) Tactical goal
Creative Homework/Short Project An important part of planning is aSWOT analysi.s.. understanding an organization's strengths. weaknesses.opportunities. and threats. Prepare a SWOT analysis for Panera Bread thatincludes three or four items in each of the four SWOT categories
Explain in your own words the advantages of “Balanced scorecard” as a strategy performance management tool or a structured report that can be used by managers to keep track of the execution of strategies.
The Transitional Process can be described as: Select one: A.Conflict management, Motivation and Confidence building, Affect management B.Goal specification, Systems monitoring, Team monitoring C.Mission analysis, Goal specification, Strategy formulation D.Norming, Motivation and confidence building, Systems monitoring E.Monitoring progress toward goals, Systems monitoring, Team monitoring
Strategic Focus Discipline AnalyticalRestorative Choose an initial goal:1. Is this goal action-oriented or outcome-oriented? Identify either or both.2. Is your goal S.M.A.R.T.? Add details to help you succeed.Specific:Measurable:Achievable:Realistic:Time-bound: List the top five strengths and then describe how each one will be used to achieve a goal Choose a new goal to set
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.
(1) Each goal has at least 1 lead and 1 lag measure. List these(2) For each measure: Clearly explain, using research, why you think the measure is the most appropriate and realistic metric for the given goal. You may compare different alternative measures and point out the measure you choose is the best measure.Note that to say one measure is better than other measures, you need to have criteria to compare. So, the criteria can be, but not limited to:- Strong causal link between the movement in the measure with the movement in the phenomena you want to measure- Cost-effective: easy and cheap to implement- Accuracy: data collected are accurate(3) Check if measures for different goals are relatively linked with each other. Perspective Strategic Objective Lead Measure Lag Measure Financial Reduce Cost & Waste Achieve sustainable revenue growth Enhance Customer Value Customer Promote Ethical and Sustainable Consumption…
Discusss what are some key strategies for effective goal setting and performance tracking, and how can managers ensure they are meeting their goals?

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