BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Are not critical to success
|
|
|
Serve as guidelines for action, directing and channeling efforts and activities of organization members
|
|
|
Are not important for employee motivation and identification
|
|
|
Do not provide a basis for organizational design
|
Detailed explanation-1: -Annual objectives serve as guidelines for action, Directing and channeling efforts and activities of organization members. They provide a source of legitimacy in an enterprise by justifying activities to stakeholders. They serve as standards of performance.
Detailed explanation-2: -Annual objectives are specific, measurable statements of what a business is expected to achieve within an annual period. These are usually one part or phase of the organization’s longer-term goals, for example, the first year objectives of a three-year growth strategy.
Detailed explanation-3: -Annual objectives refer to the goals and achievements that an organization wishes to achieve at the end of a particular financial year. On the other side, annual policies are regulations or procedures used to guide an organization’s operations throughout the year.
Detailed explanation-4: -Solution(By Examveda Team) The means by which long term objectives will be achieved are strategies.
Detailed explanation-5: -Annual objectives can include evaluating the employee’s attendance record for the year, such as whether he exceeded a predetermined allowable number of sick days or limiting the number of reprimands for abusing time taken for breaks.