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1. Do you believe it is important for a business to establish and clearly communicate longterm and annual objectives? Why or why not?

1. Do you believe it is important for a business to establish and clearly communicate longterm and annual objectives? Why or why not?

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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1. Do you believe it is important for a business to establish and clearly communicate longterm

and annual objectives? Why or why not?

2. Does your organization establish objectives? If yes, what type and how many? How are

the objectives communicated to individuals? Are your firm’s objectives in written form

or simply communicated orally?

3. To what extent are managers and employees involved in the process of establishing

objectives?

4. How often are your business objectives revised and by what process?

please answer the above questions. 

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