Exam 6: Goals and Objectives

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Differentiate Management by Objectives and the Balanced Scorecard.

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______________ is a fundamental requirement and an integral part of strategic planning, and of principles of management more generally.

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Management By Objectives (MBO) is a systematic and organized approach that aims to increase organizational performance by aligning the subordinate objectives throughout the organization with the overall goals set by management.

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The way that the firm is organized can affect goals and objectives in a number of ways.

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It is usually top managers who set goals and objectives for the entire organization.

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How does the Dow Jones Sustainability Index define CSR

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An agreed-upon set of goals and objectives as part of a formal discussion with each staff member to review individual activities to date is sometimes called a(n) ________________.

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Success and progress in achieving goals and objectives will be indicated by how well the vision and mission are achieved.

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What are the characteristics of good objectives?

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What should you do if you get a poor review

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A __________ is a constructive process to acknowledge an employee's performance.

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The most common appraisal error is __________, and managers often realize they are committing this error.

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Examples of measures used in objectives include which of the following?

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When a scorecard is disseminated to others in the organization, strategy becomes a tool specifically for top management.

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___________ reflects measures of an organization's commitment to individuals, communities, and the natural environment..

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MBO was first outlined by ________________.

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KPMG's 2011 International Survey of Corporate Responsibility Reporting reflects the growing importance of corporate responsibility as a key indicator of non-financial performance.

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List the questions addressed in setting a specific objective.

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Research suggests that individual and organizational performance increase _______ when an evaluation system based on specific goals and objectives is implemented.

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Most organizations conduct employee performance evaluations at least once a year.

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