ADM 1100 Study Guide - Final Guide: Common Stock, Fixed Cost, Dhow
Document Summary
Chapter 9 - manager as a planner and strategist. Organizational levels: objectives the end states or targets that company managers aim for. Plans the means by which managers hope to hit the desired targets. Functional level managers focus on how they can facilitate the achievement of the competitive plan determined at business level. Monitor outcomes feedback and the entire process cycles. Is a specific planning process for managing performance; practical acronym smart. Smart specific, measurable, agreed upon, realistic, time. A realistic goal forces the firm to work cohesively to secure the achievement of the goal, which is not too difficult or too easy, and places adequate pressure on the firm to achieve its goals. Time goals need a specific time span within which they are to be achieved; if a goal is set for a long period certain criteria must be met at shorter time intervals.
