1. Goal Setting in Organisations
... specification of a future target or end result that the organisation is seeking to achieve (Mgmt 101 Lecture notes, 09/04/03) The purpose of goal setting in organisations is to plan by "stating in advance where your organisation intends to be at a specific point in the future" (Inkson & Kolb, 2002). By having goals organisations hope to increase motivation, efficiency and ... performance and therefore productivity. Businesses can create goals in eight main areas, which are market standing, innovation, human resources, financial resources, physical resources, productivity, social respons...
- Word Count: 1611
- Approx Pages: 6
- Grade Level: Undergraduate