Saturday, March 8, 2014

Unit 2 (P 21) Planning and Decision Making: Goals

Goals?

  • Organizational goals are the ultimate end point towards which all the activities are focused. It is the reason for the existence of the organization. Achievements of goals are critical to organizational success and effectiveness.

Purpose of organizational goals:

  • Provides guidance and unified direction:
  • supports other aspects of planning:
  • Serve as source of motivation to employees:
  • Provide effective mechanism for evaluation and control:

Function of goals:

  • Gives direction to managers:
  • Gives support in perfect organizing:
  • Serve as a standards:
  • To motivate staff:
  • Assisting to acquire right type of human resources:
  • Provide job direction and security to employee:

Types of organizational Goals:

  • Organization establish many different type of goals by level (top, middle, and lower), area (marketing, finance, operation etc.), and time (short, middle, long term) frame. They are:
  • Mission: a statement of organization fundamental purpose.
  • Strategic goals: A goal set by and for top management of the organization, focuses of board and general issues. (Like profit making, product development, resource allocation, etc.)(5- 10 years)
  • Tactical goals: a goal set by and for middle level managers of the organization. Focus to operationalize actions necessary to achieve the strategic goals.(1-3 years)
  • Operational goals: a goal set by and for lower level managers of the organization. To focus to meet the tactical goals.


17 comments:

  1. Objective or target, usually driven by specific future financial needs. Some common financial goals for an individual are: saving for a comfortable retirement, saving to send children to college, managing finances to enable a home purchase, minimizing taxes, maximizing return on investments given a certain risk tolerance, and estate or trust planning. Given a person's goals, he/she decides on a pattern of expenses and suitable investments that will enable those goals to be achieved. Institutions also have financial goals, for example making certain pension contributions at specific times, or retiring a certain amount of debt by a certain date. Often, both people and institutions find it useful to employ a professional to help them in setting up a financial plan that will enable their goals to be met.

    ReplyDelete
  2. Organizational goals are the broad aims which serve as guides for action and as the starting point for more specific and detailed operating objectives at lower levels in the organization.

    Purposes of organizational goals::

    -goals provide guidance and unified direction
    -goal setting practices strongly affect other aspects of planning
    -goals can serve as a source of motivation to employees
    -goals provide an effective mechanism for evaluation and control


    Functions of organizational goals
    -focus attention or give direction to managers
    -reason for organizing
    -goals can serve as a standard
    -goals are of central importance in motivating staff
    -assist the organization in acquiring the right type of human resources

    Types of organizational goals:

    LEVEL WISE GOALS
    Organizations are generally divided into three levels-top,middle and bottom.Generally,organization goals are formulated at the top of the pyramid and filter down.In some cases,the reverse is also true.Based on this classification of organizational levels,four types of goals can identified.a.mission,b,strategic goals,c.tactical goals and operational goals.

    MISSION-The organization;s mission describes the vision of its top leadership has of the organization;s purposed and philosophy.The organizations must fir ts visualizes what they aim to become.They develop and formulate inspiring statements of the core purposes of their work.These mission statements, thus,reflect the focus,image,philosophy, and aspirations of the organization.The mission projects the image of the organization.Organizational members identify themselves with the mission and share of pride and commitment.

    STRATEGIC GOALS-Strategic goals are stated in general terms.They are developed in view of the mission of the organization.They outline overall organizations goals relating to different dimensions of their business like profit making,product development,resources allocation,human resource development,research priorities, and so on.These are therefore,organization set strategic goal.The board of directors and the top management of the organization set strategic goals.While setting such goals,they seek inputs from staff specialist and middle managers.Strategic goals,they seek inputs from staff specialists and middle managers.Strategic goals,thus,indicate the real in tensions of an organization.The executive management of an organization of an organization usually determines the strategic goals.These top leaders scan the external environment for opportunities or threats to the organization aim is to match internal strengths and weakness to changes in the external environment in order to create new opportunities.

    TACTICAL OR INTERMEDIATE GOALS-Tactical or intermediate goals are set to translate the strategic goals into action.These goals involve the middle level managers.Compared with strategic goals,these goals have a some what shorter time span, and more specific and concrete focus .The focus of tactical goals is on how to ope rationalize actions necessary to achieve the strategic goals.

    OPERATIONAL GOALS-Operational goals are set for lower-level management.The main concern here is with shorter term issues associated with intermediate or tactical goals.The supervisory level staff members are responsible for develop in and implementing operational goals that will meet the tactical goals.Activities and resources are assigned to individuals and groups to carry out some portion of the operational goals.The operational goals affect employees day to-day-activities.

    TIME SPAN
    Organizational goals are also set across different time span.It is a common practice divide goals into three time frames-long term,medium and short -term.Missions have infinite time horizon.Strategic goals are long term and cover many years,perhaps even decade.Intermediate or tactical goals are medium term and usually cover periods from one to five years.Operational goals are short term and have a time frame of one year or less.

    ReplyDelete
  3. Goals: Organizational goal is a desored state of affairs that indicates where the organization is going; a framework of reference for understanding and evaluating what an organization does.

    Purpose of organizational goals is that goal provides guidence and unified direction. Goals-setting practices strongly affect other aspects of planning. It can serve as a source of motivation to employees and provide effective mechanism for evaluation and control.

    Function of goals:
    -Goals often focus attention or give direction to managers
    -Goals are reasons for organizing
    -Goals can serve as a standard
    -Goals are of central importance
    -Goals can assists the organization in acquiring the right type of human resources.

    Types of Organizational Goals:
    -mission: It reflects the focus,image, philosophy, and aspiration of the organization.
    -strategic goals: it is a goal set by anf for the top level management which focuses on matching internal strength and weaknesses to change in externals.
    -tactical or intermediate goals: This goals are set by and for the middle level management and are set to translate the strategic goals into action.
    -operational goals: This goals are set by and for the lower level management and its main concern is with short term issues associted with intermediate or tactical goals.

    ReplyDelete
  4. .Organization goals: Those ends that an organization seeks to achieve by its existence and operation.

    Goals are predetermined and describe future results toward which present efforts are directed.

    Types of Goals

    Official goals are the general aims of an organization as expressed in the corporate charter, annual reports, public statements and mission statements. Their purpose is to give the organization a favourable public image, provide legitimacy, and justify its activities.

    Operative goals reflect the actual intention of an organization. They describe the concrete steps to be taken to achieve the organization's purpose. They often don't correspond with official goals.

    For example: Many organizations mention environmentally friendly behaviour as a goal of the organization. However in a study of organizations actually including environmental friendly behaviour as an organizational goal, very few had corresponding operative goals, i.e. very few delineated how such behaviour would be implemented in the different departments of the organization.

    Additional examples: Most prisons have rehabilitation of prisoners, preparing them for re-integrations into society as their official goal, however in practice, most of their operative procedures involve aspects of custodial care. For many voluntary organizations, especially in these days of funding cutbacks, the community service which is their official mandate or goal takes secondary precedence to the fundraising activities which will ensure their survival.

    Benefits of organizational goals

    Goals serve as guidelines for action, directing and channelling employee efforts. They provide parameters for strategic planning, allocating resources and identifying development opportunities.
    Goals provide constraints in the organization. Choosing certain goals reduces discretion in pursuing other goals. Eg. The goal of maximising stockholder dividends immediately reduces financial resources available for expense accounts.
    Goals act as a source of legitimacy by justifying an organization's activities and existence. For new organizations the struggle for legitimacy is great. Maintaining legitimacy is easier but still, some organizations do lose legitimacy. For example imagine a hospital whose goal was to increase occupancy by performing as much surgery as possible. Such a goal would surely reduce its legitimacy.
    Goals define standards of performance. To the extent that goals are clearly stated, they set standards for evaluation.
    Goals provide a source of motivation . By presenting a challenge and how to achieve it, organizational goals act as behavioural incentives. For example: the path-goal theory of leadership.

    ReplyDelete
  5. Organization goals: Those ends that an organization seeks to achieve by its existence and operation.
    Benefits of organizational goals

    Goals serve as guidelines for action, directing and channelling employee efforts. They provide parameters for strategic planning, allocating resources and identifying development opportunities.
    Goals provide constraints in the organization. Choosing certain goals reduces discretion in pursuing other goals. Eg. The goal of maximising stockholder dividends immediately reduces financial resources available for expense accounts.
    Goals act as a source of legitimacy by justifying an organization's activities and existence. For new organizations the struggle for legitimacy is great. Maintaining legitimacy is easier but still, some organizations do lose legitimacy. For example imagine a hospital whose goal was to increase occupancy by performing as much surgery as possible. Such a goal would surely reduce its legitimacy.
    Goals define standards of performance. To the extent that goals are clearly stated, they set standards for evaluation.
    Goals provide a source of motivation . By presenting a challenge and how to achieve it, organizational goals act as behavioural incentives. For example: the path-goal theory of leadership.

    ReplyDelete
  6. Organizational goals are the ultimate end point towards which all the activities are focused. It is the reason for the existence of the organization. Achievements of goals are critical to organizational success and effectiveness.
    Purpose of organizational goals:
    Employee Motivation
    Customer Satisfaction
    Increased Profit

    ReplyDelete
  7. A goal is a desired result a person or a system envisions, plans and commits to achieve a personal or organizational desired end-point in some sort of assumed development. Many people endeavor to reach goals within a finite time by setting deadlines.A goal is a desired result a person or a system envisions, plans and commits to achieve a personal or organizational desired end-point in some sort of assumed development.

    ReplyDelete
  8. Goals
    organizational goals are the ultimate end point towards which all the activities are focused.

    Purpose of goals
    -providing guidance
    -promoting good planning
    -sources of motivation
    -effective machanism of control and evaluation
    -create public reputation

    functions of goals
    -give direction to manager
    -helps in organizing
    -serves as standard of performance]
    -motivates employees
    -helps in taking right type of employees
    -helps in personal goals achievement
    -helps individual learn responsibility
    -provides status and identification to individual

    Types of goals
    -mission and strategic goal-top management
    -tactical goals-middle management
    -operational goals-lower management

    ReplyDelete
  9. Organizational goals:They are the end point toward which organizational activities are aimed.

    Purposes:
    -goals provide guidance and unified direction
    -goal setting practices strongly affect other aspects of planning
    -goals can serve as a source of motivation to employees
    -goals provide an effective mechanism for evaluation and control

    Functions:
    -focus attention or give direction to managers
    -reason for organizing
    -goals can serve as a standard
    -goals are of central importance in motivating staff
    -assist the organization in acquiring the right type of human resources

    ReplyDelete
  10. Organization goals: Those ends that an organization seeks to achieve by its existence and operation.

    Goals are predetermined and describe future results toward which present efforts are directed.

    Types of Goals

    Official goals are the general aims of an organization as expressed in the corporate charter, annual reports, public statements and mission statements. Their purpose is to give the organization a favourable public image, provide legitimacy, and justify its activities.

    Operative goals reflect the actual intention of an organization. They describe the concrete steps to be taken to achieve the organization's purpose. They often don't correspond with official goals.

    For example: Many organizations mention environmentally friendly behaviour as a goal of the organization. However in a study of organizations actually including environmental friendly behaviour as an organizational goal, very few had corresponding operative goals, i.e. very few delineated how such behaviour would be implemented in the different departments of the organization.

    Additional examples: Most prisons have rehabilitation of prisoners, preparing them for re-integrations into society as their official goal, however in practice, most of their operative procedures involve aspects of custodial care. For many voluntary organizations, especially in these days of funding cutbacks, the community service which is their official mandate or goal takes secondary precedence to the fundraising activities which will ensure their survival.

    ReplyDelete
  11. A goal is a desired result a person or a system envisions, plans and commits to achieve a Goals:personal or organizational desired end-point in some sort of assumed development. Many people endeavor to reach goals within a finite time by setting deadlines.

    It is roughly similar to purpose or aim, the anticipated result which guides reaction, or an end, which is an object, either a physical object or an abstract object, that has intrinsic value.

    ReplyDelete
  12. functions of goals
    -give direction to manager
    -helps in organizing
    -serves as standard of performance]
    -motivates employees
    -helps in taking right type of employees
    -helps in personal goals achievement
    -helps individual learn responsibility
    -provides status and identification to individual

    ReplyDelete
  13. Goal is the overall objectives, purpose and mission of a business that have been established by its management and communicated to its employees. The organizational goals of a company typically focus on its long range intentions for operating and its overall business philosophy that can provide useful guidance for employees seeking to please their managers.


    -The purpose of organizational goals are as follows:

    -goals provide guidance and unified direction
    -goal setting practices strongly affect other aspects of planning
    -goals can serve as a source of motivation to employees
    -goals provide an effective mechanism for evaluation and control


    -The functions of organizational goals are as follows:

    -focus attention or give direction to managers
    -reason for organizing
    -goals can serve as a standard
    -goals are of central importance in motivating staff
    -assist the organization in acquiring the right type of human resources

    Types of organizational goals:
    1.Mission- The organization’s mission describes the vision of its top leadership has of the organization’s purposed and philosophy. The organizations must fir ts visualizes what they aim to become. They develop and formulate inspiring statements of the core purposes of their work. These mission statements, thus, reflect the focus, image, philosophy, and aspirations of the organization. The mission projects the image of the organization. Organizational members identify themselves with the mission and share of pride and commitment.

    2. Strategic - Strategic goals are stated in general terms. They are developed in view of the mission of the organization. They outline overall organizations goals relating to different dimensions of their business like profit making, product development, resources allocation, human resource development, research priorities, and so on. These are therefore, organization set strategic goal. The board of directors and the top management of the organization set strategic goals. While setting such goals, they seek inputs from staff specialist and middle managers. Strategic goals, they seek inputs from staff specialists and middle managers. Strategic goals, thus, indicate the real in tensions of an organization. The executive management of an organization of an organization usually determines the strategic goals. These top leaders scan the external environment for opportunities or threats to the organization aim is to match internal strengths and weakness to changes in the external environment in order to create new opportunities.

    3. Tactical or intermediate-Tactical or intermediate goals are set to translate the strategic goals into action. These goals involve the middle level managers. Compared with strategic goals, these goals have a somewhat shorter time span, and more specific and concrete focus .The focus of tactical goals is on how to operationalize actions necessary to achieve the strategic goals.

    4. Operational-Operational goals are set for lower-level management. The main concern here is with shorter term issues associated with intermediate or tactical goals. The supervisory level staff members are responsible for develop in and implementing operational goals that will meet the tactical goals. Activities and resources are assigned to individuals and groups to carry out some portion of the operational goals. The operational goals affect employees day to-day-activities.

    ReplyDelete
  14. Organizational goals:They are the end point toward which organizational activities are aimed.

    Purposes:
    -goals provide guidance and unified direction
    -goal setting practices strongly affect other aspects of planning
    -goals can serve as a source of motivation to employees
    -goals provide an effective mechanism for evaluation and control

    Functions:
    -focus attention or give direction to managers
    -reason for organizing
    -goals can serve as a standard
    -goals are of central importance in motivating staff
    -assist the organization in acquiring the right type of human resources

    ReplyDelete
  15. A goal is a desired result a person or a system envisions, plans and commits to achieve a personal or organizational desired end-point in some sort of assumed development. Many people endeavor to reach goals within a finite time by setting deadlines.

    Purpose of goals
    -providing guidance
    -promoting good planning
    -sources of motivation
    -effective mechanism of control and evaluation
    -create public reputation

    functions of goals
    -give direction to manager
    -helps in organizing
    -serves as standard of performance]
    -motivates employees
    -helps in taking right type of employees
    -helps in personal goals achievement
    -helps individual learn responsibility
    -provides status and identification to individual

    Types of goals
    -mission and strategic goal-top management
    -tactical goals-middle management
    -operational goals-lower management

    ReplyDelete
  16. Objective or target, usually driven by specific future financial needs. Some common financial goals for an individual are: saving for a comfortable retirement, saving to send children to college, managing finances to enable a home purchase, minimizing taxes, maximizing return on investments given a certain risk tolerance, and estate or trust planning. Given a person's goals, he/she decides on a pattern of expenses and suitable investments that will enable those goals to be achieved. Institutions also have financial goals, for example making certain pension contributions at specific times, or retiring a certain amount of debt by a certain date. Often, both people and institutions find it useful to employ a professional to help them in setting up a financial plan that will enable their goals to be met.

    ReplyDelete