Tom has recently opened a new vehicle service centre with eight employees. As part of his managerial function, he needs to set business goals, but is unsure of the value in setting goals for the business. Create a mind map explaining the importance of setting goals to Tom.
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Tom has recently opened a new vehicle service centre with eight employees. As part of his managerial function, he needs to set business goals, but is unsure of the value in setting goals for the business.
Create a mind map explaining the importance of setting goals to Tom.
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Solved in 3 steps
- 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?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.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…
- PLEASE answer these question: 1. Discuss why two people with similar abilities may have very different expectancies for performing at a high level. 2. Describe why some people have low instrumentalities even when their managers distribute outcomes based on performance. 3. Describe three techniques or procedures that managers can use to determine whether a goal is difficult.10- Which is the option that means effectiveness as proposed by Peter F. Drucker? a. Ability to set the right goals b. Ability to choose the goals c. Ability to do the things right d. Ability to do the right thingsToo aggressive targets may depress workers and decrease morale, while the concept of stretch goals is suggested as a means to inspire and encourage staff. As a boss, how do you choose where to draw the line from a "healthy" stretch to a "poor" stretch?
- can you develop the plan in Excel and then copy and paste it into Word with some explanation of what you did and what you determined with the plan?Management involves the four basic functions. These management activities are interrelated with each other. However, management functions do not usually occur in a tidy, step-by-step fashion. Therefore, among four management functions, discuss with the help of an example that which activity maintain managerial effectiveness by serving as guides for future activities and how? Moreover, do you think this activity help managers know how to allocate their time and resources? If yes, justify your answer with the help of an example.When creating an action plan to make the shift from survival to purpose, which is not one of the common components?
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