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Why it is necessary for organisation to establish and periodically review their objectives?
Wiki User
∙ 15y ago
Without objectives, companies don't have a direction and probably will fail. Unless they periodically review them they cannot know if their direction is still relevant.
Wiki User
∙ 15y ago
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Why is is necessary for organisation to establish and periodically review their objective?
It is necessary for organizations to establish and periodically review their objectives because things change. Organizations that do not acknowledge or monitor the changes that are happening in their field are likely to become irrelevant. For example, if a commercial fishing company wasn't aware that the fish population they usually fish was dwindling in the places where they usually fish, they would miss the opportunity to change to a new place or a new fish and would eventually go bankrupt. Their competitors who were monitoring the change and adjusting their business accordingly would continue to survive.
Why should organization have objectives?
Organisation should have objectives because any business unit or enterprise are based on some guidelines. Objectives is necessary inorder to know what any business is upto. How they are regulated. Are they to satisfy want or just maximise profit.
Why is it necessary to link training and development activities to the achievements of the organizations strategic business objectives?
It improves perfomance,sklils and khowledge of employees
Why is it necessary to monitor and control strategic plans?
Executive managers must monitor and control strategic plans because if they don't, then their goals may not align with the business objectives. By monitoring, they can eliminate projects and objectives that don't fit with their business.
Define management by objective mbo and also explain its functions?
An effective planning tool to help the supervisor set objectives is Management by Objectives (MBO). MBO gained recognition in 1954 with the publication of Peter Drucker's book The Practice of Management. MBO is a collaborative process whereby the manager and each subordinate jointly determine objectives for that subordinate. To be successful MBO programs should include commitment and participation in the MBO process at all levels, from top management to the lowest position in the organization. MBO begins when the supervisor explains the goals for the department in a meeting. The subordinate takes the goals and proposes objectives for his or her particular job. The supervisor meets with the subordinate to approve and, if necessary, modify the individual objectives. Modification of the individual's objectives is accomplished through negotiation since the supervisor has resources to help the subordinate commit to the achievement of the objective. Thus, a set of verifiable objectives for each individual are jointly determined, prioritized, and formalized. The supervisor and the subordinate meet periodically to review the latter's progress. Communication is the key factor in determining MBO's success or failure. The supervisor gives feedback and may authorize modifications to the objectives or their timetables as circumstances dictate. Finally, the employee's performance is measured against his or her objectives, and he or she is rewarded accordingly. Hence, some of the key features of MBO are : Ø Emphasis on results rather than activities Ø Objectives for specific managerial positions. Ø Participatory or joint objective setting. Ø Identification of key result areas. Ø Establishment of Periodic Review System.
Why is is necessary for organisation to establish and periodically review their objective?
It is necessary for organizations to establish and periodically review their objectives because things change. Organizations that do not acknowledge or monitor the changes that are happening in their field are likely to become irrelevant. For example, if a commercial fishing company wasn't aware that the fish population they usually fish was dwindling in the places where they usually fish, they would miss the opportunity to change to a new place or a new fish and would eventually go bankrupt. Their competitors who were monitoring the change and adjusting their business accordingly would continue to survive.
Why is it necessary to periodically assess and evaluate policies?
is it necessary to have periodically assess and evaluate policies because it determines whether the policies are still current & relevant to your organisation & to its clients. Whether the policies suits their intended purpose or whether they need to be changed, eliminated, replaced or even updated.
Why should organization have objectives?
Organisation should have objectives because any business unit or enterprise are based on some guidelines. Objectives is necessary inorder to know what any business is upto. How they are regulated. Are they to satisfy want or just maximise profit.
Why is it necessary to link training and development activities to the achievement of the organisation's strategic objectives?
This sounds like an exam question. lol. But if the two are not aligned then the workforce may be developing new or enhancing existing skills that are aligned with the companies direction. i
Why is it necessary to link training and development activities to the achievement of the organisation strategic business objectives?
This sounds like an exam question. lol. But if the two are not aligned then the workforce may be developing new or enhancing existing skills that are aligned with the companies direction. i
Why is it necessary to link training and development activities to the achievement of the organisation's strategic business objectives?
This sounds like an exam question. lol. But if the two are not aligned then the workforce may be developing new or enhancing existing skills that are aligned with the companies direction. i
What are contingency plans and why are they necessary?
It is an activity taken to ensure that proper follow up steps will be taken by a management and employees in an emergency. Objectives are to ensure that damage, injury or loss is contained and that the key operations of the organisation continue. These rules will apply to a Company as well as the management of a Country
How often should communication channels be reviewed and why is a review process necessary?
to improve a good communication and attempt the objective of the organisation and keep the credibility of the organisation
Why do think it is necessary for the utility to be updated often?
This program is updated periodically in order to support the newest components.
Why do you think it is necessary for the utility to be updated often?
This program is updated periodically in order to support the newest components.
How do you stop a car turbo running dry?
Check the oil level periodically and top up as necessary.
What is the name of the minimum number of microorganisms necessary to enter the body and establish infection?
The minimum number of microorganisms necessary to enter through the portal of entry and establish infection is the infectious dose.
