Concept explainers
To determine:
If the minimum-wage maintenance worker in the hospital really needs to understand any goal.
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.
The First step of planning is to establish a strategic goal. The strategic goal is a statement defining where the company wants to be in the future. The strategic goal represents the whole organization's goal rather than to the goal of a division or department. After setting the strategic goal, the organization prepares its strategic plans. Strategic plans define the action steps by which the company intends to attain strategic goals. Strategic plans are actually the blueprint that defines the organizational activities and allocations required for meeting long terms targets. The communication of organization's goal is as important as setting these goals.
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Chapter 7 Solutions
Management, Loose-Leaf Version
- Identify the measure of performance described. When a coach tells her players at the end of losing a game, “You really played well and stayed in the game plan,” she is using what measure of performance? When a coach tells her players at the end of losing a game, “Try to put top-spin on the ball,” she is using what measure of performance? Application of processes, methods, skills, expertise, and experience to accomplish specific goals within agreed-upon parameters using processes, methods, skills, knowledge, and experience. Method of maintaining the appropriate number of parts and goods in storage in order to prevent shortages, overstocks, and other costly issues. Process of ensuring reporting accuracy, preventing fraud, and safeguarding the organization's physical and intangible assets.arrow_forwardenumerate the importance of setting SMART goals in the Management by Objectives (MBO) process.arrow_forwardManagement by objectives is a joint goal setting process . In the light of this statement explain the importance of management by objectives .arrow_forward
- The MBO technique has been criticized for putting too much emphasis on achieving goals (ends) and not enough on the methods people use to achieve them (means). Discuss if it is/isn't a flaw in the technique or how managers apply it. How might a balanced emphasis on ends and means be achieved?arrow_forwardDiscuss the importance of setting SMART goals in the Management by Objectives (MBO) process...arrow_forwardWhy is scenario planning important in business or in the workplace? How is scenario planning different from strategic planning? Explain it clearly so that I can easily understand. And also give example.arrow_forward
- What are the advantages and limitations of different types of planning methods, such as scenario planning or contingency planning?arrow_forwardEffective planning is not only about setting objectives and timelines but also about understanding the resources and constraints involved. It's a process that can make a significant difference in the outcome of any endeavor. How can individuals or organizations prioritize their tasks when there are multiple objectives to achieve, each with its own level of importance?arrow_forwardThe MBO technique has been criticized for putting too much emphasis on achieving goals (ends) and not enough on the methods that people use to achieve them (means). Do you think this is a flaw in the technique, or in the way managers apply it? How would you place a balanced emphasis on ends and means?arrow_forward
- Management, Loose-Leaf VersionManagementISBN:9781305969308Author:Richard L. DaftPublisher:South-Western College PubUnderstanding Management (MindTap Course List)ManagementISBN:9781305502215Author:Richard L. Daft, Dorothy MarcicPublisher:Cengage Learning