Bundle: Management, Loose-Leaf Version, 13th + MindTap Management, 1 term (6 months) Printed Access Card
13th Edition
ISBN: 9781337502160
Author: Richard L. Daft
Publisher: Cengage Learning
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In Chapter 1 of the text, goal setting is discussed. Select a business-related or professional goal (e.g. lose weight, complete a course of study, find a new job, etc.) you want to achieve in the next 12 months. Address each part of the SMART technique -- Specific, Measurable, Achievable, Realistic, and Time-bound– providing relevant details about the goal for each component of the goal-setting process.
Define the components of the acronym SMART in goal setting.Provide an example of a SMART goal and demonstrate that it meets all criteria?
Career planning and development goals Use of the SMART goal setting method and explanation of goal importance.
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- (1) Each goal has at least 1 lead and 1 lag measure. List these(2) For each measure: Clearly explain, using research, why you think the measure is the most appropriate and realistic metric for the given goal. You may compare different alternative measures and point out the measure you choose is the best measure.Note that to say one measure is better than other measures, you need to have criteria to compare. So, the criteria can be, but not limited to:- Strong causal link between the movement in the measure with the movement in the phenomena you want to measure- Cost-effective: easy and cheap to implement- Accuracy: data collected are accurate(3) Check if measures for different goals are relatively linked with each other. Perspective Strategic Objective Lead Measure Lag Measure Financial Reduce Cost & Waste Achieve sustainable revenue growth Enhance Customer Value Customer Promote Ethical and Sustainable Consumption…arrow_forwardAs a manager, create a list of 5 measurable goals for your team leaders that each should achieve within the next three months. Then create 3 measurable goals for your team leaders that should be achieved in 6 months. Finally, create 2 measurable goals for your team leaders that should be achieved in 12 months. Ther should be a total of 10 SMART Goals all together.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_forward
- In which step.of the planning procesS would one know where one is placed in reaching the goals, and what strengths work in one's favor and what weaknesses may hold one back? * Implementing the plan and evaluating results. Defining the objectives. Developing premises regarding future conditions. Determining where one stands vis-à-vis objectives.arrow_forwardsuggest TWO strategies to help us in setting an effective goal with examplesarrow_forwardPlanning plays a pivotal role in personal and professional development by offering a systematic approach to goal attainment. The process of planning requires individuals to assess their current situation, envision future objectives, and determine the steps necessary to bridge the gap between the two. This proactive approach not only helps in avoiding potential pitfalls but also allows for the optimization of resources and time. Additionally. effective planning encourages individuals to break down larger goals into manageable tasks. fostering a sense of accomplishment as each milestone is reached. It serves as a tool for self-motivation, providing a clear direction and purpose for one's efforts. Question: How does the act of breaking down larger goals into smaller tasks contribute to the overall success of a well-structured plan?arrow_forward
- Select three important features of an effective goal. having the energy to reach the goal provides instant gratification is written down is realistic works for anyone and everyone is time-boundarrow_forwardDiscuss House’s Path-Goal Model and its steps.arrow_forward15 Though goal setting is usually viewed as a positive process, there can be downsides if a) employees lack skills necessary to reach the goals. b) employees can adapt their behaviors in response to unplanned threats. c) rewards are established for coming close to, as well as achieving a goal. d) goals also account for meeting quality standards.arrow_forward
- What are multiple goals? What is a goal hierarchy? How are these concepts related?arrow_forwardMany issues need to be dealt with when designing a goal-sharing plan. Defining the group to which goal sharing applies. Deciding on the nature of the goals to be sought. Determining levels and time frames for goal achievement. Establishing bonus amounts. Deciding on the split of the bonus among employees.arrow_forward1. The Importance of Planning: 000 Planning is a fundamental aspect of achieving goals and objectives. Whether in personal endeavors or professional projects, a well-thought-out plan provides a roadmap for success. It helps in organizing tasks, allocating resources efficiently, and anticipating potential challenges. Without a solid plan, individuals and organizations may find themselves navigating through uncertainty and facing unnecessary hurdles 2. Strategic Planning in Business: In the business world, strategic planning plays a pivotal role in shaping the future of an organization. It involves setting clear goals, identifying key performance indicators, and formulating strategies to achieve them. A well-crafted business plan not only guides day- to-day operations but also facilitates adaptability in a dynamic market. How do successful businesses strike a balance between detailed planning and the need for flexibility in today's fast-paced environment? 3. Personal Planning…arrow_forward
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