What should be kept in mind when setting company goals?
A) A company can have only one goal that combines all elements of its mission statement.
B) A goal is defined as a declaration of a company's fundamental purpose and basic philosophy.
C) Once a goal is set, companies typically do not need to review the goal or monitor progress against the goal set.
D) A goal merely states what a company seeks to achieve without stipulating any standards of quality or amount of time needed to reach the goal.
E) A goal has three key components: an attribute sought, a target to be achieved, and a time frame in which the goal is to be achieved.

Question

Quizplus · Accepted Answer

A goal has three key components: an attribute sought, such as profits, customer satisfaction, or product quality; a target to be achieved, such as the volume of sales or extent of management training to be achieved; and a time frame, which is the time period in which the goal is to be achieved.

What Should Be Kept in Mind When Setting Company Goals