Managers are frequently criticized for focusing too much attention on the achievement of short-term goals. In your opinion, how much attention should be given to long-term versus short-term goals? In the event of a conflict, which should be given priority? Explain your answers.
Managers are frequently criticized for focusing too much attention on the achievement of short-term goals. In your opinion, how much attention should be given to long-term versus short-term goals? In the event of a conflict, which should be given priority? Explain your answers.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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In general terms, goals refer to the desired position that the organization intends to achieve in the near future. Long term goals are those ones that usually takes a lot of time to accomplish. On the other hand, short term goals can be achieved within a short span of time.
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