BUAD 200 Lecture 6: Chapter 6 Notes

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Learning objectives: demonstrate an understanding of the nature of goals and objectives and their importance to effective management, explain what characterizes effective goals and objectives, understand the roles of goals and objectives in employee performance reviews. See relationships among economic, social, and enviromental goals and objectives. Learn how to set and manage your own goals and objectives. Learning objectives: knowing the difference between goals and objectives, know the relationship between goals and objectives. See how goals and objectives fir in the polc framework. Objectives: related directly to the goal, clear and concise. Stated in terms of results: begins with an action verb, measureable. Measurement challenges: organizations emphasize historical financial goals and objectives that may no longer be relevant. Improve performance: guage and report performance, align efforts, manage accountability. Learning objectives: describe the concept of management by objectives (mbo, be able to apply the balanced scorecard framework, understand the evolution of performance measurement systems.

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