Setting Goals
Managers must ____ __ what their company is doing and where is it going to cement a goals success.
believe in
A strategic target that aims to achieve the goals set out in a company’s strategic plan within 1 to 5 years; also known as a strategic goal.
Long Term Goal
Setting goals is a relatively ____ concept
New
Goal setting theory subscribes to what approach
SMART approach
allows managers to easily track progress toward metrics and goals in real time
performance dashboards
what is a current goal you have in your life and how will you achieve it
Open ended
Primary or long-term goals.
Distal goals
Which theory suggests that human performance is directed by conscious goals and intentions
Goal setting theory - Locke and Latham
SMART goals are
(what does SMART stand for)
Specific, measurable, achievable, relevant, and time bound
measurements that managers identify as vital to the company’s performance with regard to financials, internal processes, customers, and learning/growth
Key Performance Indicators
what type of mindset is best to achieve goals
a positive mindset
A plan that covers an intermediate time scale and enacts divisional strategies by allocating people and resources.
Tactical plan
What are the 5 main principles of setting goals
clarity, challenge, commitment, feedback, task complexity
Do SMART goals apply to all organizations
No
has given managers and information system designers a balanced approach to developing performance dashboards.
Balanced Scorecard (BSC)
Goals help us build ___
self esteem
A plan designed for repeated use in response to commonly occurring events
Standing Plan
What are employees motivated by
Clear goals accompanied by appropriate feeback
a method of management in which management and employees agree to specific goals that are then used to evaluate individual performance.
Management by objectives (MBO)
What are the 4 perspectives of BSC
financial, customer, internal process, organizational capacity
why might managers set goals for their employees
to identify progress and growth opportunities, to motivate them, etc
Which popular companies cofounder is known for his one page business plan for global domination?
AirBnb, Brian Chesky
What type of goals are people most motivated by?
Challenging goals
motivate, control
what are all of our names
Julia, stella, grace, devin, brian, terence