MGC1010 Chapter Notes -Scenario Planning, Strategic Management, Continual Improvement Process
26 Nov 2013
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Read all case studies again and the study questions from all the lesson. The smart model is an approach to determining effective organisational objectives that requires that they be specific, measurable, actionable, reasonable and timetabled. S specific objectives need to be clearly defined so that it is easy to understand what is to be achieved and what is considered successful. Daniel is to grow his company, his objectives might be that he will acquire 5 new clients in his consultation business. M measurable the exact measure must be stated and the objective must be able to be measured through some means. Mr daniel can measure his progress by measuring the number of new clients he brings on while maintaining his current client base. A actionable an organisation needs to make sure that its business-unit managers have enough authority to take action to make sure the goals are achieved.
