Goal Setting and Planning General Framework

This presentation discusses the importance and characteristics of goal setting in organizations. It explores the role of management by objectives and the contingency factors that influence planning. The presentation also covers different types of plans for achieving organizational objectives.

GOAL SETTING AND PLANNING GENERAL FRAME
WORK
• Goal setting is an important parameter in many
organizations
• It has been used to attain various objectives
• It requires an adequate utilization of various ethical
considerations
• Leaders should also take part in goal setting within their
organizations

Importance of goal setting
Utilization of various types of resources
Effective time use (Cvijanović, Dasgupta and Zachariadis 2016).
Appropriate and reliable communication across different
individuals
Development of adequate decision making strategies
It also guides and organization towards the right path that should
be taken

Characteristics of well defined goals
A well defined goal need to be specific
Needs to be measurable in nature
Achievable
 timed for various aspects of success

Mile’s and Vergen’s Landmark study
Desired future state that various organizations are trying
to attain (Gurteen 2016).
They were able to provide adequate analysis
 Enables an organizations to attain its aims

Management by objectives
Acts as an essential form of management
Involves carrying out of various aspects of
management through the use of objectives
It is capable of improving motivation across
employees (González-Cruz and Cruz-Ros 2016).

It also improves employee commitment
It is capable of scaling up the level of communication
Enables and organization to work hard
Brings on board quite a number of ethical considerations

Contingency factors influencing manager’s
approach to planning
Environment(Bendtsen et al. 2016)
Size of the organization
Technology in the current society
The factors determine the nature of
planning that are likely to be done by a
manager within an organization

Different types of plans
The implementation of plans is quite
essential in various operations
 Requires ethical considerations
 Provide a reliable guidance

Some of the different types of plans include;
Operational plan
Single use plan
On going plan
They have the capability of making an organization to
attain various objectives (Kirkwood 2016)

Conclusion
Goal setting is essential and need to be given
the first priority towards implementation
(Ho, Ahmad and Ramayah 2016).
It needs to be realistic at all time
There is the need to involve various people in
goal setting process

References
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 Cvijanović, D., Dasgupta, A. and Zachariadis, K. (2016). Ties that bind: How business connections affect mutual fund
activism. The Journal of Finance, 71(6), pp.2933-2966.
 González-Cruz, T. and Cruz-Ros, S. (2016). When does family involvement produce superior performance in SME family
business?. Journal of Business Research, 69(4), pp.1452-1457.
 Gurteen, D. (2016). Knowledge, creativity and innovation. Journal of knowledge Management, 2(1), pp.5-13.
 Ho, T., Ahmad, N. and Ramayah, T. (2016). Competitive capabilities and business performance among manufacturing SMEs:
Evidence from an emerging economy, Malaysia. Journal of Asia-Pacific Business, 17(1), pp.37-58.
 Kirkwood, J. (2016). How women and men business owners perceive success. International Journal of Entrepreneurial
Behavior & Research, 22(5), pp.594-615.