ENTREPRENEURSHIP

ENTREPRENEURIAL OPERATIONS

HUMAN RESOURCE MANAGEMENT

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

To increase the profit of all divisions by 15% per year, would be an ‘MBO’ objective of which level of the hierarchy?

A	Aim
B	Corporate objective
C	Divisional objective
D	Departmental objective
E	Individual target

Explanation:

Detailed explanation-1: -As shown, the hierarchy has four types of objectives: policy, strategic, project, and input and they are grouped into three levels: policy, strategic, and operational.

Detailed explanation-2: -Define organizational objectives. Translate objectives into goals. Monitor performance. Evaluate progress. Reward accomplishments. 12-Oct-2022

Detailed explanation-3: -Define high-level ambitions. Identify change objectives. Discuss experience objectives. Clarify practical constraints. 09-May-2017

Detailed explanation-4: -Strategic: These are the broad, general objectives determined by company management in step one. Tactical or Team: More specific objectives are set for teams or departments. Operational or Individual: Specific objectives belonging to an individual.

There is 1 question to complete.