The managerial purpose of setting objectives includes:
A) converting the strategic vision into specific performance targets-results and outcomes the organization wants to achieve.
B) using the objectives as yardsticks for tracking the company's progress and performance.
C) challenging and helping stretch the organization to perform at its full potential and deliver the best possible results.
D) pushing company personnel to be more inventive and to exhibit more urgency in improving the company's financial performance and business position.
E) All of these.

Question

Quizplus · Accepted Answer

Setting objectives serves multiple managerial purposes, including converting strategic vision into specific performance targets, using the objectives as yardsticks for tracking progress, challenging and stretching the organization to perform at its full potential, and pushing company personnel to improve financial performance and business position. Therefore, all of the choices are correct.

The Managerial Purpose of Setting Objectives Includes