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MGTA01H3 Chapter 6: Chapter 6.doc

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burgundycod96
21 Feb 2012
School
UTSC
Department
Management (MGT)
Course
MGTA01H3
Professor
H Laurence

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MGTA01H3 Full Course Notes
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MGTA01H3 Full Course Notes
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Document Summary

Starting point of an effective manager is setting goals. Will be rewarded if they reach the goal, Allocates more resources to new projects with large sales potential. Kinds of goals and get rid of ppl the fail. Each enterprise has a purpose a reason for being: mission statement: a statement of how it will achieve its purpose, mission statement should also include some statement about company"s core value and its commitment to ethical behavior. Planning is setting goals, choosing tactics and establishing schedules. Strategy have wider scope, broad program that describes organizations intentions: business strategy outlines how it intends to meet goal, organizations responsiveness to new. Formulating strategy: strategy formation: set strategic goals, analyze the organization and the environment, and match challenges and new needs the organization and environment. Swot analysis: strategic goals: long term goals derived directly from the firms mission statements.

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Related Questions

When using goal-setting theory to motivate employees, managers shouldĀ 
Ā 
A. set targets that are just out of employees' reach.
B.help workers understand and accept their goals.
C. set general goals that are emotionally appealing.
D. hold employees responsible for getting their own feedback.
E. set goals that are easily achievable
The purpose of management by objectives is to:Ā 
A. enable top management to set goals for the entire organization.
B. simplify the jobs of middle management by providing them with predetermined goals and objectives.Ā 
C.help employees motivate themselves with a goal-setting model that involves, discussion, review, and evaluation by management and employees.Ā 
D. allows employees to set their own goals without consulting with management.

17) Gilbert is considering setting up a business. He likes some of the advantages of sole proprietorships, but is concerned about some of the disadvantages. He should consider all of the following except: a) c) difficulty in getting bank loans unlimited liability difficulty of liquidation limited managerial and financial resources difficulty of passing the business on to his heirs e)