Week 4 MMGT 101

SMART Goals

100

Pick one letter from the “SMART” goal setting concept, and name what that letter stands for.

Specific

Measurable

Attainable

Realistic

Timely

200

Pick one letter from the "SMART" goal setting concept, and name what that letter stand for.

Specific

Measurable

Attainable

Realistic

Timely

Decision Making

100

What does a "problem" mean in the context of decision making?

What is:

A gap between a desired state and an existing state.

200

List one of the six steps of rational decision-making

What is:

1.Define the problem

2.Identify decision criteria

3.Weight the criteria

4.Generate alternative courses of action

5.Evaluate each alternative

6.Compute the optimal decision

Planning

100

What is definition of planning in this management context?

Determining organizational goals and a means for achieving them.

200

How does planning benefit an organization, according to the textbook and lecture?

What is:

•Planning improves individual and group performance

•Planning results in larger profits and faster growth

•Planning can create more innovation at the business

Developing Goal Commitment

100

What does "participatory goal setting" mean the management context.

What is:

The process of setting goals that involves management and their direct reports.

200

Name one of the three ways that “Goal Commitment” can be achieved by managers?

What is:

•Use Participatory goal setting when possible.

•Get management’s support.

•Make the goal public.