...The Importance of Goal Setting in Management The Importance of Goal Setting in Management It is a commonly known fact that goals are an important part of a productive and healthy life. We make personal goals: to do well in school, to make the varsity baseball team, to lose ten pounds, or to get a promotion at work—and we aim to accomplish them. These goals act as a means to an end. Goals are the pieces to our vision for our life. Just as goals are important for individuals, it is also a vital aspect of a successful business. Goals are the stepping-stones toward the vision of a business. Managers use goals as a way to accomplish what the vision is for their business or organization; they use goals as a tool for the growth and profitability of their company, to motivate employees toward higher performance, and as a way to measure productivity. Goals for Business Growth Having a vision and the right goals to get to there is an important part of an organization. The vision a leader wants should be a picture of where they want the business to be in the future (Clark, 2014). A good leader is concerned about the future of his company, and goals are a way in which he may keep his employees on track toward accomplishing company growth. The leader will set goals for his employees that will create a way for the business to accomplish this growth. Company growth may be an increase in size, profitability, or even the impact that the company has on others. Goals are an intrinsic...
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...300 MODULE 4 SETTING AND ACHIEVING GOALS To Purchase this tutorial visit following link http://wiseamerican.us/product/org-300-module-4-setting-achieving-goals/ Contact us at: SUPPORT@WISEAMERICAN.US ORG 300 MODULE 4 SETTING AND ACHIEVING GOALS Option 1: Setting and Achieving Goals The setting and achieving of goals is a critical part of leadership. A carefully designed plan is the key to the successful completion of organizational goals. Whether you are a leader or a follower, you will be responsible for helping an organization to achieve its goals. Write a 2-3 page essay on the importance of developing plans to achieve organizational goals. In your paper, address the following: • Discuss two types of planning that organizations use to assist in the achievement of goals. • Determine when it is most appropriate to use each type of planning. Your paper must follow the CSU-Global Guide to Writing and APA Requirements. Incorporate references from at least two peer-reviewed articles from the CSU Global Library. ORG 300 MODULE 4 SETTING AND ACHIEVING GOALS Option 1: Setting and Achieving Goals The setting and achieving of goals is a critical part of leadership. A carefully designed plan is the key to the successful completion of organizational goals. Whether you are a leader or a follower, you will be responsible for helping an organization to achieve its goals. Write a 2-3 page essay on the importance of developing plans to achieve organizational goals. In your paper...
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...Abstract This essay summarizes the importance of leading with vision and goal setting. An effective leader understands and recognizes the importance of creating and communicating a clear vision as well as setting the goals to achieve said vision. Important aspects of setting goals, goal characteristics and the six steps of goal setting are detailed. LEADING WITH VISION Leading with Vision Leading with a clear and concise vision or purpose is the primary step to developing and leading a team. According to Friedman (2013), “True leaders lead with vision. The best and most effective leaders are able to paint a compelling and inspiring picture of what the future will look like”. People want to be involved in a successful and winning vision and want to follow someone that communicates clearly and effectively as to where the future will lead. No one wants to be involved in a dead-end project, it simply isn’t engaging. In order to lead a team to the end purpose or vision, a leader must understand that goals must be set. Setting Goals There are several things to keep in mind when setting goals including reality, attainability, organizational improvement, team involvement and processes. First and foremost goals need to be tough to reach yet still attainable. Setting goals that are impossible to reach will either discourage employees and make them quit trying altogether or will simply lead to failure for the team. Second, goals must be set in a manner that will improve...
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...and answers to employee questions during live events. In total, 10,000 employees attended the communication sessions. Webcast replays, transcripts and written summaries of all major employee events are posted on HP’s Intranet for employees to access. Each meeting in 2007 reached an average of 4,500 managers and 15,000 employees. Senior managers also hold similar events across regions. Currently, every quarter, HP CEO holds an all-manager and all-employee meeting where she provides an update on company performance, recognize outstanding contributions and answer employee questions. ii) Setting Goals HP uses the Management By Objectives (MBO) methodology. HP uses a standard performance tool to manage goals within the organization across the globe, and track progress. 1. How to set effective goals The tool governs the way goals are set. HP stresses on the importance of the goals to be SMART...
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...their area of employment. We will address the importance of setting achievable goals, the importance of learning styles in academic success and the validity of ethics and academic integrity in helping to achieve continuing academic and professional success. Setting Goals Distinct, clearly defined goals that can be measured will allow a person to take pride in accomplishing the goals they have set. They are able to see clear forward progress in what otherwise might seem a long drawn out process. Setting goals allows one to choose where they want to go in school or in a career and what they want to achieve. Knowing what they want to achieve, helps them know what they have to concentrate on and improve. Goal setting gives one long-term vision and short-term motivation. By setting goals students and employees can: improve their academic and career performance, increase their motivation to achieve, increase pride and satisfaction in performance and improve their self- confidence. Setting goals and measuring their achievements allow the goal setters to see what they have done and what they are capable of doing. Seeing their results gives them confidence and assurance and motivation they need to believe they can achieve higher goals. Effective goal setting requires one to express goals positively, be accurate, set priorities, keep goals small, set goals one can control and set specific measurable goals. Writing down your goals symbolizes a real commitment to strive to...
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...Growing up, my goals have been very precise and clear. Three ongoing goals that would benefit in future endeavors, professionally and educationally would be: opening my own business, obtaining a bachelor’s degree, and becoming financially stable. Setting goals can be psychologically healthy. Using the S.M.A.R.T. goals process, the importance of goal setting can be determined (Cohen, Scott 2013). The first step to accomplishing goals is to set goals. While setting goals, I tend to have a bit of a challenge. I always want to set goals that are reasonable and can be obtained. The thought of opening my own business would be considered as a mastery goal. This goal is something that I would definitely have to work on. It takes hard work and determination to complete. My all time goal due to education would be obtaining a bachelor’s degree, which is categorized as a performance- achievement goal. Seeking a bachelor’s would be rewarding to me. This is something that I have wanted for a long time and is well overdue. I see this goal as being a great accomplishment that involves setting even higher goals to push myself even further in obtaining a higher education. My last goal of importance would be becoming financially stable. This goal is seen as a performance-avoidance goal. During my adulthood, I have encountered hardships as to being laid off and becoming unemployed for a large period of time. It is a goal that takes over importance of all other goals. I would finally...
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...higher education will be beneficial for the time and effort spent. Each class in the short term will eventually incorporate the smaller details and disciplines to aid in the long term goal of a higher degree. I will have doors open which previously were not available because of the lack of a higher education. Opportunities not enjoyed prior will be multiple and open to be scrutinized by me and my achievement of a higher education. Salary, positions, and of course the ability to advance in the business arena are there for the taking. The tools and assessments which I have acquired in the course will benefit me greatly as I will now be able to use the knowledge in practical application. The tools which I feel will be especially helpful is fundamental writing techniques and methods. Prior to this class my knowledge of how to properly structure sentences using proper grammar and structure of sentences and paragraphs were limited and antiquated. The practice in the My Foundations Lab especially helped me realize the importance of the fundamentals in writing. The online learning experience has and is a benefit for me growing as a student and learning to study with others. This collaborative environment is interesting and helps me with the continued interaction with others sharing the same goal. This incorporates many new aspects and details in my pursuit of a higher education. Writing and communicating with my fellow classmates online has taught me to write briefly and ...
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...out of themselves. Motivation is a key area which is of utmost attention to most manager and human resource department of organisations. Retention of prime talent is a major challenge organisations are facing in current scenario. Therefore it’s imperative for manager’s to be well aware of all the motivation theories and their applications in real life scenarios. Motivation is generally considered a basic principal in running a successful business. To deliver this concept it delves into different motivational theories and shows the importance of these theories from managerial aspect. The paper begins with the history of motivation and its importance from organisational point of view, and then it explains various types of motivational theories which include Maslow’s Theory, Herzberg’s Dual Structure Theory etc. Finally it concludes by highlighting the importance of these theories in strengthening management skills. Importance of Motivational Theories Psychologists writing in 19th and early 20th centuries explained that human beings are basically automated to behave in certain ways, which depends upon behavioural cues to which they were exposed. As per motivation and leadership at Work (Steers, Porte, and Bigley, 1996), in earlier 20th century researchers started to look for other possibilities to account for difference in individual motivation. Some other researchers were trying to explain motivated behaviour by focussing on internal drivers. Over time,...
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...Suggested Answers to Review Questions 1. Why is training expensive? What are the costs involved? Total dollars budgeted annually for formal training of organizations with 100 or more employees exceeds $56 billion. Most of the training money, 66 percent, pays the salaries of training specialists. The second largest expenditure is for seminars and conferences, followed closely by custom materials. Additional costs include such things as hardware, off-the-shelf materials, facilities, travel costs, and refreshments. Many of the skills being taught today (e.g. leadership, teamwork, conflict resolution) are more expensive to learn than skills (e.g. computer programs, typing, assembly work) because they require more training time and more time to change behavioral habits. 2. Do you believe that acceptance of training programs would be higher in organizations classified as learning organizations? Why? Yes. This belief is based on the definition of a learning organization by Peter Senge. He described them as places “where people continually expand their capacity to create the results they truly desire, where new and expansive patterns of thinking are nurtured, where collective aspiration is set free, and where people are continually learning how to learn together.” 3. What are the main purposes of orientation programs? What aspects of orientation seem to be the most neglected? An orientation program is an attempt to send clear messages and to (a) provide accurate information about...
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...management. However, this essay will not discuss about the mentioned methods but to focus on the goal setting method. The main purpose of this essay is to analyze the impact of goal setting in improving employee performance as well as to make some recommendations to enhance the implication and effectiveness of goal setting strategy. Goal setting analysis The manager of the Human Resource department of the company has listed the four key points of goal setting strategy which are: * Goal setting process * Types of goals * Levels of goals * Interim review and feedback This part of the essay will analyze these four key aspects of the goal setting strategy by indicating evidences from previous research and journal articles. Following is the analysis of four key points of the goal-setting strategy. Goal setting process The explanation of the goal setting process from the point of view of the manager is that employees will “be assigned” “specific goals” from managers based on the company’s business performance and annual plan. So in this part of the essay, there will be two important questions that need to be addressed: * Will the specific goals improve employee performance more than non-specific goals? * Will the assigned goals improve employee performance more than participatory goals? The analysis of goal specificity According to Locke et.al (1989) goals that are specific usually motivate employee’s...
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...theories, discussed in the lectures, were applicable. Being divided into teams to complete the task helped align this simulation’s findings with a real life business setting. Contrasting roles and goals of each individual team member further enhanced the similarity to an everyday business. To conquer Everest, whether it is in reality or as part of this ‘simulation’, requires significant amounts of planning and well thought out management decisions which allow for continued success for the team as a whole. Upon review of the simulation two management concepts were more prevalent than others; ethical and social responsibility with specific focus on the utilitarianism approach and the concept of strategic planning and goal setting, within that scenario planning and crises management. The concepts applicability to both the individual and group components of the simulation will be the main focus of this report. Clarity gained from scholarly articles will also be discussed in detail. Concept 1 – Strategic Planning/Goal Setting and Scenario Planning and Crises Management Good planning is the foundation of any successful individual, team or company venture, conquering Everest is no different. The planning process is often divided into three levels. The first, strategic, focuses on long range goals and focuses on the goals of the organisation as a whole. (Steiner, 2010) Second is tactical planning. Tactical planning focuses on the departmental side of an organisation, tactical planning...
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...For whole lot of people we find that they don’t seem to succeed or attain desired results even after working very hard on regular basis. With the support of research by scholars across the globe we have found out which has been also proved through their theories that specifically in the professional arena, one of the major reason for the same is due to not being sure what they want to achieve in life and not setting formal goals for themselves. Goal setting is an important aspect in the process of thinking about the ideal future and helps business-people and professionals with long term vision and motivation. When it comes to leadership as Drucker said the leader is an ideal person who must set goal for the members of his team and himself to define what they are working on and what they are working for. We will further discuss through multiple theories including the importance of goals in motivation and leadership and relating the research to bring the outcome. Motivational Theories 1) Maslow’s Hierarchy of Needs Maslow wanted to understand as to what is it that motivates people and his belief included the fact that people possess a set of motivation system which is not something which is related to rewards and desires. Maslow(1943) specifically stated that everyone is motivated to achieve certain needs and when the first one is fulfilled the human mind seeks to fulfill the second need and the circle keeps going on like this. The earliest and most widespread version...
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...------------------------------------------------- University of Phoenix Material Goal Setting Worksheet Review this week’s resources (for example SMART criteria, and the Career Plan Building Activities). Respond to the following in 50 to 100 words each: Describe one academic goal that you have created using the SMART criteria. How do SMART criteria contribute to your academic goals? The goals that I have created using SMART criteria is completing my assignments, making sure that all of my posts, and DQs are done by Sundays of each week. SMART contributes to my academic goals by helping me not to stress from college and personal life settings. It helps to keep my assignments in an organized manner. * * * * Describe one professional/career goal you have created using the SMART criteria and Career Plan Building Activities results. How did the results of the Career Interest Profiler and Career Plan Building Activity on Competencies contribute to your professional goal development? * One professional goal that I have created using SMART criteria is not letting the job stress me as much. It contributes to my professional goals because I can make sure everything is done instead of letting the other staffs completing it. I’m willing to learn how to complete all the paper work that is need on my job. I like to make sure that my surrounding are organized and everything is completed by the end of my shift. * * * * * Describe...
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...Individual: Optimism and Health Dana Grant PSY/220 June 29, 2014 Dr. Shanda Smith There have been many studies carried out about the effectiveness of optimism as a psychological occurrence but the one I choose to review is based on a study done in my own hometown of Pittsburgh, PA in addition to the University of Miami. Many tests and research have been done on people to see if optimism does in fact have an effect on psychological and physical health. The article is called “Self‐Regulation Processes and Health: The Importance of Optimism and Goal Adjustment”. The purpose of their study was to explore the implications of self-regulatory models of human action for understanding how people deal with threats to their health and well-being, as well as how goal setting has an impact on their optimism. The authors, Rasmussen, Wrosch, Scheier, and Carver, theorized the disposition towards optimism in their studies, called “dispositional optimism”, considering it a trait of equilibrated personality, in time and in various situations, that influences the way in which individuals come to terms with present, past, and future events in life. Since optimistic individuals are generally positive about everyday events in daily life, they found a connection between optimism and physical and mental well-being. Optimistic individuals were more inclined to use appropriate coping strategies and have a more resilient attitude to stress. When dealing with health issues, those of an optimistic...
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...Problem Solving For X-Pose Boutique Problem Solving For X-Pose Boutique Identifying the Problem When Team B got together, the team begins to have conversation with one of the managers of ALX Couture, Jacqueline Paz. She mentions that her company has been spending too much revenue on training new hire employees. The team after decided to look into the turnover problem ALX Couture is experiencing; moreover, turnover is one of the highest reasons a company can lose too much revenue since training new hires causes the company many invested production hours away from sales. Jacqueline also mentions that pay by the hour is minimum wage and cannot be negotiated; therefore, team B will look for other solutions that will involve outside of pay. On identifying the problem, I decided to use a method that can get information on employee(s) which is used in today’s business market, so I believe it can work on ALX Couture. Secret shoppers have been use in many companies today, these shoppers walk-in to a store a rate the store on many different values such as: customer service, employee(s) knowledge, and cleanliness of the store. As a result, the secret shopper visit at ALX Couture (as an experiment) on a random weekend and reports back the following: Chart 1.1 The secret shopper who I send is my sister, which she enjoys shopping in boutique stores, and I asked her to look for the following information. | 1 (very bad) | 2 (bad) | 3 (okay) | 4 (good) | 5 (great) | | Employee...
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