Goal-setting is an integral part of planning function of management. Arrange the following steps involved in the goal-setting process in the correct order.
(A). Evaluate available resources.
(B). Review the organization's mission.
(C). Review results.
(D). Determine specific & measurable goals and communicate them.
Choose the correct sequence from the options given below:
Goal-Setting Steps in Management Planning
Goal-setting is a fundamental component of the planning function within management. It provides direction and a framework for organizational activities. The process involves several key steps that need to be followed in a logical sequence to ensure effectiveness.
Understanding the Goal-Setting Sequence
Let's break down the steps involved in the goal-setting process and arrange them in the correct order:
- (B) Review the organization's mission.: This is the foundational step. Before setting specific goals, it's crucial to understand the overall purpose and long-term vision of the organization, as defined by its mission statement. This ensures that all goals align with the broader organizational objectives.
- (A) Evaluate available resources.: Once the mission is clear, the next logical step is to assess the resources available. This includes human resources, financial capital, technology, and time. Understanding resource constraints and capabilities helps in setting realistic and achievable goals.
- (D) Determine specific & measurable goals and communicate them.: With the mission clarified and resources evaluated, the organization can now define precise, measurable, achievable, relevant, and time-bound (SMART) goals. These goals must be clearly communicated to all relevant stakeholders to ensure everyone understands their role and objectives.
- (C) Review results.: After the goals have been set and pursued, it's essential to review the outcomes. This step involves measuring performance against the set goals, identifying successes, and pinpointing areas for improvement. The insights gained from reviewing results feed back into the planning process for future goal-setting.
Correct Sequence Explained
Based on the logical flow described above, the correct order for the goal-setting process is:
- Review the organization's mission (B)
- Evaluate available resources (A)
- Determine specific & measurable goals and communicate them (D)
- Review results (C)
Therefore, the correct sequence is (B), (A), (D), (C).
Important Questions from Mixed Topic (CUET PG)
- Who was the founder of Bolshevik Communist party?
- What is the key guide to statecraft in the realist tradition?
- Chronologically arrange the events in the Cold War period.
A. Berlin Wall is constructed
B. Communist China joins the UN
C. Soviet invasion of Czechoslovakia
D. Berlin Blockade
Choose the correct answer from the options given below: Morgenthau's principles of political realism are:
A. Politics is rooted in permanent and unchanging human nature which is basically self centred, self-regarding and self-interested
B. Politics is an autonomous sphere of action and cannot therefore be reduced to morals
C. International Politics is an arena of conflicting self-interests
D. The ethics of international relations is situational ethics which is very different from private morality
Choose the correct answer from the options given below:Who among the following political thinkers consider the anarchical self help system to be a compelling factor for States to maximise their relative power positions?
