X

Download Strategy formulation Objectives PowerPoint Presentation


Login   OR  Register
X

Share page



  Preview

               
Home / Business & Management / Business & Management Presentations / Strategy formulation Objectives PowerPoint Presentation

Strategy formulation Objectives PowerPoint Presentation

Note : Strategy formulation Objectives PPT Presentation is available for free download. Click on Download Free PowerPoint Presentation top red button for free download Strategy formulation Objectives presentation in .ppt/pptx format.
safaamou By : safaamou

On : Mar 19, 2016

In : Business & Management

Embed :
563
views

0
downloads
Login / Signup - with account for


  • → Make favorite
  • → Flag as inappropriate
  • → Download Presentation
  • → Share Presentation

Strategy formulation Objectives
Presentation Transcript
Collapse/Expand

  • Slide 1 - Objectives (Strategic Management)
  • Slide 2 - Objective Objectives are short-term, specific, measurable targets that must be achieved to accomplish organizational goals. They must be relevant, challenging and focused. Objectives are the desired end results of any activity. They should be set at each managerial level in the organization
  • Slide 3 - Types of objectives
  • Slide 4 - Types of objectives
  • Slide 5 - Setting objectives in Strategic Business Units and functional areas Each strategic business unit or functional area must establish its own objectives. The steps in this process are as follows: The objective setting process begins at the top of the organization with a statement of mission. Long range objectives are established to achieve the mission. Long range objectives lead to the setting of performance targets (short range objectives) for the overall organization Long and short range objectives are established for each SBU, major division, or operating unit in the organization* Long and short range objectives are established for the functional areas (marketing, finance, production) in each SBU, major division, or operating unit
  • Slide 6 - A- Long range objectives Specify the results that are desired in pursuing the organization’s purpose. They are specific, concrete and measurable. They can be categorized as follows: profitability; service to customers, clients, or other recipients; employee needs and well-being; and social responsibility. All organizations do not have objectives in all these areas. They must support and not be in conflict with the organization’s mission; be clear, concise, quantified, span all significant units, and dynamic.
  • Slide 7 - B- Short-range objectives They are performance targets, normally of less than one year’s duration, that are used by management toi achieve the organization’s long-range objectives. They should be derived from an in-depth evaluation of the organization’s long range objectives. Such a system ensures that all objectives are consistent with each other
  • Slide 8 - C- MIX of organizational objectives No one mix or combination of organizational objectives is applicable to all organizations. The nature and the type of objectives are dependent on the nature and type of organization. Ideally, objectives should: Match strengths to opportunities Minimize threats to the organization Eliminate weaknesses in the organization
  • Slide 9 - How managers establish good objectives? Organizations have multiple objectives that must be orchestrated to avoid conflicts. Setting company objectives is more complicated than making isolated choices in each category of objectives.
  • Slide 10 - Well-defined objectives have several characteristics: Expressed in writing Measurable Specific as to time Challenging but attainable
  • Slide 11 - Priority of objectives: It’s entirely possible for an organization to have multiple goals and objectives contributing to its mission. Managers must establish priorities if they want to allocate resources in a rational way
  • Slide 12 - Conflicts among objectives: The process of establishing objectives and setting priorities must not overlook the stakeholders interest. The form and weight to be given to conflicting objectives is a matter of managerial judgment. Management must consider the expectations of the diverse groups on whom the firm’s ultimate success depends.
  • Slide 13 - Measuring objectives: Objectives must be clear, achievable, and measurable to be effective. Effective managerial performance requires establishing objectives in every area that contributes to overall organizational performance.
  • Slide 14 - Profitability objectives: Includes the ratios of profits to sales, profits to total assets and profits to capital. Marketing objectives: Measures performance relative to products, markets, distribution, and customer service.
  • Slide 15 - Productivity objectives: Measured with ratios of output to input. Other factors being equal, the higher the ration, the more efficient is the use of inputs. Physical and financial objectives Reflect the firm’s capacity to acquire resources sufficient to achieve its objectives.
  • Slide 16 - Quality objectives: Quality derives from meeting or exceeding customer expectations on each dimension.
  • Slide 17 - Strategic management and organizational objectives Organizational objectives are the specific ends that an organization seeks to achieve. They symbolize the reasons for an organization’s existence. Any strategy should have a clear means-end relationship with organizational objectives.
  • Slide 18 - Organizational objectives will accomplish the following: Will be capable of being converted into specific actions Will provide directions Will establish long-run priorities for the organization Will facilitate management control
  • Slide 19 - They are necessary in any and all areas that may influence the performance long-run survival of the organization The important point si that management must translate the organizational mission into specific objectives that will support the realization of the mission Official objectives state the organization’s basic purpose in society as a supplier of goods and/or services. Operating objectives are specific ends toward which organizational resources are actually allocated
  • Slide 20 - The organization’s goals and objectives The mission is the reason for the existence of the firm. The organization’s goals are the desired general ends toward which efforts are directed. Objectives are specific, and often quantified, versions of goals.
  • Slide 21 - The role of the organization’s mission Without verifiability and specificity , objectives will not provide a clear direction for managerial decision making, nor permit an assessment of organizational performance
  • Slide 22 - THANK YOU
Blood Cells Free PowerPoint Template

Blood Cells

Views : 870

Domino Free PowerPoint Template

Domino

Views : 544

Virtual Identity Free PowerPoint Template

Virtual Identity

Views : 409

Biology Free PowerPoint Template

Biology

Views : 453

Wedding Cake Free PowerPoint Template

Wedding Cake

Views : 759

Time Management Free PowerPoint Template

Time Management

Views : 492

Herbal Pills Free PowerPoint Template

Herbal Pills

Views : 556

Puzzle Free PowerPoint Template

Puzzle

Views : 255

Credit Debit Card Free PowerPoint Template

Credit Debit Card

Views : 398

Blue Abstract Free PowerPoint Template

Blue Abstract

Views : 712

Rainbow Lorikeet Free PowerPoint Template

Rainbow Lorikeet

Views : 723

Leaf Abstract Free PowerPoint Template

Leaf Abstract

Views : 497

AI Free PowerPoint Template

AI

Views : 632

Aids Free PowerPoint Template

Aids

Views : 534

Synapse Free PowerPoint Template

Synapse

Views : 1028

Cloud Computing Free PowerPoint Template

Cloud Computing

Views : 433

Birthday Cake Free PowerPoint Template

Birthday Cake

Views : 494

DNA Free PowerPoint Template

DNA

Views : 444

Email Free PowerPoint Template

Email

Views : 448

Unity Free PowerPoint Template

Unity

Views : 486

Description : Strategic Management : Strategy formulation Objectives

Tags : strategy formulation objectives | strategic management

Shortcode : Get Shareable link