Goal - types , goal setting method and process
Goal Goal is the target that we want to achieve. They act as the standard or criteria against which the results will be measured. Plans are documents which provide the outline about how the goals would be achieved. Simply, goal is the set target and plans include resource allocations, schedules, and other necessary actions to accomplish the goal. Organisations never has a single goal for example earning profit cannot be the sole goal of the organisation. There are always multiple goals that an organisation pursue in order to achieve the comprehensive mission and vision statements of the organisation. These goals are of different types- different time periods, qualitative and quantitative, financial or people related etc. . Strategic vs financial goals A Financial goal is one which is related to the monetary aspect or the financial performance of an organisation. These are stated in numerical terms. Example :- company A’s goal is to increas
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