Explain planning and evaluation components in goal-setting programs.
What will be an ideal response?
Answers will vary. The two central ingredients in goal-setting programs are planning and evaluation. The planning component consists of organizational and individual goal setting, two essential and interdependent processes. In planning, individuals and departments usually develop operational and tactical plans to support the corporate objectives. The idea is to formulate a clear, consistent, measurable, and ordered set of goals to articulate what to do.The evaluation component of goal setting consists of interim reviews conducted by managers and employees and formal performance evaluation. The interim reviews are designed to help employees take self-corrective action. The formal performance evaluation occurs at the close of a reporting period, usually once a year. Please see the section "Goal Setting at Work" for more information.
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Bobbi and Stuart are partners. The partnership capital of Bobbi is $40,000 and Stuart is $70,000 . Bobbi sells his interest in the partnership to John for $50,000 . The journal entry to record the admission of John as a new partner would include
a. a credit to John's capital account for $40,000 b. a credit to Stuart's capital account for $10,000 c. a credit to John's capital account for $50,000 d. a credit to John's capital account for $40,000 and a credit to Stuart's capital account for $10,000
Which of the following financial intermediaries is also known as a savings and loan association?
A. Commercial bank B. Credit union C. Mutual fund D. Thrift institution E. Pension fund
Which of the following is the MOST liquid of all investments?
A) bonds B) certificates of deposit C) real estate D) cash
Under Incoterms, a sale on terms "DDP" represents the minimum responsibility of the seller and the maximum responsibility of the buyer
Indicate whether the statement is true or false