BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Locke and Latham (1990) suggested that these types of goal strategies work more effectively for the following reasons: Specific and challenging goals are associated with higher self-efficacy (the belief in our own skills and abilities).

Detailed explanation-2: -Motivation, vision, accountability, and fulfillment (or success) are the four most important outcomes of goal setting. These outcomes help employees realize their contribution to the larger picture, strive towards achieving it, and celebrate with team members when the goal is achieved.

Detailed explanation-3: -There are three types of organizational goals: individual, team, and corporate. With these goals, they all have specific time frames for achievement. In many cases, those goals have longer time frames than others.

Detailed explanation-4: -Why is having organizational goals important? Goals can help a business grow and achieve compliance, and establish its big picture financial objectives. Organizations set specific goals to help measure their progress and determine the tasks that must be improved.

Detailed explanation-5: -It helps in Achieving Group Goals-It arranges the factors of production, assembles and organizes the resources, integrates the resources in effective manner to achieve goals. It directs group efforts towards achievement of pre-determined goals.