If an organization has well-developed goals for profitability, that is all it needs to determine its effectiveness.

Question

Quizplus · Accepted Answer

While profitability is an important goal for an organization, it is not the only factor that determines effectiveness. Other important factors include customer satisfaction, employee satisfaction, social responsibility, and innovation. An organization may be profitable but still have poor performance in these other areas.

If an Organization Has Well-Developed Goals for Profitability, That Is