Goal Setting and Planning process

Question 1

-It is a commonly shared picture of what the organization wants and is committed to be sometime in the future
-It is guiding and motivating compass of the organization

Answer 1

VISION

Question 2

It is an enduring statement of purpose of an organization’s existence that distinguishes itself from others

Answer 2

MISSION

Question 3

Are fundamental and shared beliefs that will provide the organization’s behavior in meeting its objectives and in dealing with others.

Answer 3

VALUES

Question 4

Four Steps in Goal-Setting

Answer 4

• Data gathering and Synthesizing
  -Formulating Alternatives
  -Deciding on the Courses of Action
  -Establishing Smart Goals

Question 5

Is a visual tool used to measure the effectiveness of an activity against the strategic plans of a company

Answer 5

BSC - Balanced Scorecard