Adopting a set of "stretch" financial and "stretch" strategic objectives:
A) pushes the company to strive for lesser but adequate profitability levels,because the stretch objectives are considered unattainable.
B) is a widely held method for creating a "scorecard" for moderating company performance.
C) helps convert the mission statement into meaningful company values.
D) challenges company personnel to execute the strategy with greater enthusiasm,proficiency,and understanding.
E) is an effective tool for pushing the company to perform at its full potential and deliver the best possible results.

Question

Quizplus · Accepted Answer

Adopting stretch financial and strategic objectives helps to push the company to perform at its full potential and deliver the best possible results. This is achieved by challenging personnel to execute the strategy with greater enthusiasm, proficiency, and understanding, and providing a framework for the company to aim for more ambitious goals.

Adopting a Set of "Stretch" Financial and "Stretch" Strategic Objectives