Strategic Planning and Goal Setting: MBO and Effective Goal Criteria
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Strategic Planning Fundamentals: Goals and Plan Types
Plan Types Based on Frequency of Use
Single-Use Plans
A one-time plan specifically designed to meet the needs of a unique situation.
- Example: A floor plan designed for a company’s annual dinner.
Standing Plans
Ongoing plans that provide guidance for activities performed repeatedly.
- Example: A working schedule or standard operating procedures.
Traditional Goal Setting vs. Management by Objectives (MBO)
Understanding the differences between these two approaches is crucial for organizational effectiveness.
Traditional Goal Setting
Top managers set goals that then flow down through the organization and become subgoals for each organizational area.
The downside of traditional goal setting is the potential... Continue reading "Strategic Planning and Goal Setting: MBO and Effective Goal Criteria" »