Understanding Management (MindTap Course List)
10th Edition
ISBN: 9781305502215
Author: Richard L. Daft, Dorothy Marcic
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 5, Problem 7DQ
Summary Introduction
To discuss:
How to decide where to draw the line between a "good" stretch goal and a "bad" one that is unrealistic.
Introduction:
Planning is a process of making the plan before executing any work. The process of planning includes identification of goals and objectives, formulation of strategies, creating the means required and implementation and monitoring.
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
Goals that are overly ambitious can discourage employees and decrease motivation, yet the idea of stretch goals is proposed as a way to get people fired up and motivated. As a manager, how might you decide where to draw the line between a “good” stretch goal and a “bad” one that is unrealistic?
To compare and contrast goal setting and objective setting and the importance of these two processes for a manager Explain the difference between setting goals and setting objectives. What are the potential negative ramifications that can be created if they are not met, with regard to a major project and the organization as a whole?
Roy, an entrepreneur, has worked for years on developing his business idea and on ensuring a good implementation of his strategy. However, years into the business, Roy discovered that the profit he set to reach, in 5 years-time, is not attainable and is disappointed with the results.
What is benchmarking? How can Roy make use of this concept when planning and setting goals?
Chapter 5 Solutions
Understanding Management (MindTap Course List)
Ch. 5 - Prob. 1OTJVCCh. 5 - What did you learn about some of the real benefits...Ch. 5 - Prob. 1DQCh. 5 - Prob. 2DQCh. 5 - Prob. 3DQCh. 5 - Assume that Southern University decides to do two...Ch. 5 - Prob. 5DQCh. 5 - Prob. 6DQCh. 5 - Prob. 7DQCh. 5 - Prob. 8DQ
Ch. 5 - Prob. 9DQCh. 5 - Prob. 10DQCh. 5 - Prob. 1SLCh. 5 - Prob. 1GLCh. 5 - Prob. 1ALCh. 5 - Prob. 2ALCh. 5 - Prob. 3ALCh. 5 - Prob. 4ALCh. 5 - Prob. 5ALCh. 5 - When the idea first occurred to her, it seemed...Ch. 5 - Prob. 2EDCh. 5 - Prob. 3EDCh. 5 - Prob. 1CFCACh. 5 - Prob. 2CFCACh. 5 - Prob. 3CFCA
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.Similar questions
- What do you think are some of the difficulties of adding 25 percent more employees for the holiday season? what kind of planning do you think would be needed?arrow_forwardWhat are multiple goals? What is a goal hierarchy? How are these concepts related?arrow_forwardHow do multiple goals fit into a goal hierarchy?arrow_forward
- Mangement Planning is the art of shaping the future by making thoughtful decisions in the present. It is the process of charting a course, setting milestones, and aligning actions with objectives. A well- crafted plan not only provides a roadmap but also empowers individuals and organizations to make informed choices. It involves a delicate balance between vision and pragmatism, considering both the broader perspective and the minutiae of execution, From project management to personal development, the act of planning helps create a sense of purpose and direction. As we delve into the intricacies of planning, it prompts us to ponder: How can we strike the right balance between flexibility and structure in our plans, ensuring adaptability while maintaining a clear trajectory towards our goals?arrow_forwardHow does a manager balance the need for flexibility in their plan with the need for clear and measurable objectives?arrow_forwardDwight D. Eisenhower once said,” I have always found that plans are useless, but planning is indispensable.” Do you agree or disagree with this quote?arrow_forward
- How would you define a “goal”?arrow_forwardWhat role do you think goals would play in planning for this training event? List some goals you think might be important. (Make sure these goals have the characteristics of well-written goals)arrow_forwardAt 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 goalarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Management, Loose-Leaf VersionManagementISBN:9781305969308Author:Richard L. DaftPublisher:South-Western College Pub
Management, Loose-Leaf Version
Management
ISBN:9781305969308
Author:Richard L. Daft
Publisher:South-Western College Pub