The primary managerial purpose of setting objectives is to
A)ensure that deliberately vague language such as "reducing costs" and "becoming more efficient" is used to provide managers with more latitude in setting stretch objectives for the company.
B)designate strategic outcomes as lagging indicators.
C)balance the scorecard of financial and strategic objectives.
D)designate financial outcomes as leading indicators.
E)convert the strategic vision into specific performance targets.

Question

Quizplus · Accepted Answer

The primary managerial purpose of setting objectives is to convert the strategic vision, which may be vague, into specific performance targets. This allows managers to have a clear understanding of what they are working towards and what actions they need to take to achieve the company's goals. Objectives also serve as a means of measuring progress towards achieving the strategic vision.

The Primary Managerial Purpose of Setting Objectives Is to