How Do Managers Set Goals and Develop Plans?
5-3 Compare and contrast approaches to goal setting and planning.
Planning involves two important aspects: goals and plans. Goals (objectives) are desired outcomes or targets. They guide managers’ decisions and form the criteria against which work results are measured. Plans are documents that outline how goals are going to be met. They usually include resource allocations, budgets, schedules, and other necessary actions to accomplish the goals. As managers plan, they develop both goals and plans.
What Types of Goals Do Organizations Have and How Do They Set Those Goals?
Although it might seem that organizations have a single goal—for businesses, to make a profit, and ...
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