What is the primary purpose of setting a goal for an organization?
A) Determining if the firm is highly leveraged
B) Making workers think in quantitative terms
C) Identifying threats and opportunities
D) Assuring successes for the firm
E) Providing guidance and direction for all managers

Question

Quizplus · Accepted Answer

The primary purpose of setting a goal for an organization is to provide guidance and direction for all managers. It helps the organization to focus its efforts and resources towards achieving a common objective, which ultimately leads to the success of the firm. Additionally, setting goals can motivate employees, encourage teamwork and collaboration, and help monitor progress and performance. Other options such as determining leverage, thinking in quantitative terms, and identifying threats and opportunities may be important, but they are not the primary purpose of setting a goal.

What Is the Primary Purpose of Setting a Goal for an Organization