Management, Loose-Leaf Version
13th Edition
ISBN: 9781305969308
Author: Richard L. Daft
Publisher: South-Western College Pub
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Chapter 7, Problem 8DQ
Summary Introduction
To discuss:
Why and how might a company such as LivingSocial want to use flexible goal setting.
Introduction:
Living Social started with one "daily deal," a $25 voucher for $50 worth of food at a Washington, D.C., area restaurant. Since then, the company has grown at break-neck speed, has 46 million members in 25 countries, and has acquired a dozen companies that offer related deals and services.
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Management, Loose-Leaf Version
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- SHORT ANSWER If you were a business owner, which of these goals might you be able to accomplish using the framework of Theory Z or Theories X and Y? Could you use Theory Z to work on one goal and use Theories X and Y to work on another goal, thereby accomplishing two goals with these theories by using a different approach on each of the two goals? Goal 1: Improve quality of a product or service. Goal 2: Improve employee collaboration. Goal 3: Foster decision making skills in the workforce. Goal 4: Develop and maintain a successful workforce in a global environment. Goal 5: Develop strong leadership in the work place. Goal 6: Foster adherence to organizational values, ethics, and professional responsibility.arrow_forwardWhat are your ideas on this technique for setting your goals?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
- "Planning is doing the work to attain goals," as the saying goes. Do you fully agree? Give justifications for your response.arrow_forwardHow to prepare a goal setting and objective in the front office?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
- What role does goal setting play in long-term planning and success?arrow_forwardcould you answer the following question: the answer should be more than 250 words and with reference please, thanks - Discuss what we mean by (SMART) goals? Would it be better to have no goals at all than to have goals that do not meet (SMART) goals criteria?arrow_forwardThe XYZ's board initiated the strategic plan in 1998 in response to the challenges that were anticipated over the next 10 years. What ensued was a collaborative effort involving the board, management, staff, outside consultants, and external stakeholders. A core team of representatives from all levels of the agency was used to oversee the process. In addition to the core team, a number of other teams were formed to assist with the effort.Conversations between team leaders and team members to achieve goal alignment is sometimes called: * O Stretch goals SMART Smart conversation O Management by Objectivesarrow_forward
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- Management, Loose-Leaf VersionManagementISBN:9781305969308Author:Richard L. DaftPublisher:South-Western College Pub
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Management
ISBN:9781305969308
Author:Richard L. Daft
Publisher:South-Western College Pub