Chapter 6 - Chapter 6 Know the definition of the following:...

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Chapter 6 Know the definition of the following: 1) Goal- a desired future state that the organization attempts to realize. 2) Plan- a blueprint specifying the resource allocations, schedules, and other actions necessary for attaining goals. 3) Planning- the act of determining the organization’s goals and the means to achieving them. Be able to identify the importance of goals and plans : 1) Legitimacy- symbolized by an organization’s mission. It allows those outside the organization to view the company in a favorable light and accept its existence. It also allows the employees to identify with the overall purpose and reason for existance. 2) Source of motivation and commitment- goals and plans facilitate employee’s identification with the organization and help motivate them by reducing uncertainty and clarifying what they should accomplish. 3) Guides to action- Goals and plans provide a sense of direction. They focus attention on specific targets and direct employee efforts toward important outcomes. 4) Rationale for decision- Through goal setting and planning, managers learn what the organization is trying to accomplish. They are then able to make decisions towards a desired outcome. 5) Standard of performance- goals define desired outcomes, so they serve as performance criteria. Know what the mission statement is and why it is important: Mission Statement- a broadly stated definition of the organization’s basic business scope and operations
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Chapter 6 - Chapter 6 Know the definition of the following:...

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