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Strategy Formulation Goals PowerPoint Presentation

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safaamou By : safaamou

On : Mar 19, 2016

In : Business & Management

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Strategy Formulation Goals
Presentation Transcript

  • Slide 1 - Goals Strategic Management
  • Slide 2 - 2.Goals « Goals are the end-result that an organization wishes to achieve by giving reason to its activities and indicating the purpose the system performs for society »
  • Slide 3 - 2.Goals They describe the nature of organization’s operations They cover multiple evaluation periods
  • Slide 4 - The benefits of goal setting
  • Slide 5 - The drawbacks of goal setting
  • Slide 6 - Goals formulation Goals make explicit the organization’s relationship to its internal and external environments Goals state what an organization hopes to become and give it direction, cohesiveness and personnality
  • Slide 7 - External influences on goal formulation The goal-formulation process is essentially determining the relationship of the organization to the larger society Therefore, it must take into consideration the claims of the various group
  • Slide 8 - External influences on goal formulation Goals might be suggested by the organization’s: Owners Customers Suppliers Employees Creditors Community Government
  • Slide 9 - Internal function of goals Goals serve a direct internal function of setting bounds on strategy generation
  • Slide 10 - Internal influences on goal formulation The motivations of managers are more complex than the pursuit of goals imposed by society It may represent a conflict of personal goals with organizational goals
  • Slide 11 - Goal modification The organization’s goals may be modified by values, ideas,and philosophies reflected in the personal goals of management
  • Slide 12 - Business goals and targets Goals describe what a business must achieve in terms of specific performance indicators such as return on investment,return on assets,and return on sales
  • Slide 13 - Levels of goals Organizations have three levels of goals:
  • Slide 14 - Types of goals
  • Slide 15 - Goal content Effective goals must be: Challenging Attainable Specific and measurable Time limited Relevant
  • Slide 16 - Goal commitment Goal commitment is one’s attachment to reach a goal . Six factors influence positively goal commitment: Supervisory authority Peer and group pressure Public display of commitment Expectations of sucess Incentives and rewards Participation
  • Slide 17 - Potential problems with goals Excessive risk- taking Increased stress Undermined self-confidence Dishonesty and cheating
  • Slide 18 - Thank You

Description : Strategic Management : Strategy Formulation Goals

Tags : strategy formulation goals | strategic management