Goals and Organizational Effectiveness
Do missions often change over time? Should missions remain constant? Why or why not?
An organization is required to pronounce itself clearly on its missions, goals to be achieved and objectives to be met. Organizations should set time-bound goals and missions. These objectives can be met by carrying out an analysis aimed at measuring the level of achievement and any progress made by the organization. A firm's mission should answer any question raised on a firm’sexistence, that is, reasons of the organization for being in operations. The mission is long-term and futuristic. An organization should have goals which represent the outcome the organization anticipates after implementing certain growth plans …show more content…
The main aim of any organization is profit maximization, and this can only be achieved by ensuring that the organization is effective and efficient in all its day to day operations. The profit that a firm realizes is a function of total revenue less total cost. Therefore, for a firm to maximize profits, it must reduce costs incurred, in generating the revenues, to the bare minimum.
Other areas to consider while assessing the effectiveness of an organization in executing its mission and vision statements are growth data and customer satisfaction. Growth data will show how the work processes in an organization have evolved and how the systems the organization uses are effective in delivering the desired results. Surveys can be conducted to assess customer satisfaction with the organization's products and services, and the survey results can be used as an indicator of how the organizations are performing and how well it delivers on its mandate. Employee retention rates are also an indicator of organizational effectiveness as an efficient organization is well placed to attract talented employees and also retain productive workers (Pedraza, …show more content…
Would it not be best if they shared the same goals? Explain.
An organization is comprised of shareholders and stakeholders who are individuals or groups that possess vested interests in the performance of the organization. Stakeholders in an organization assess how well the organization is placed to achieve its mission and vision statements. Stakeholders also examine the economic viability and potential of the organizations' goals and objectives. Stakeholders in an organization will include owners of the firm, the management team, employees of the organization, suppliers of the organization and the customer and consumer base that the organization seeks to serve and satisfy.
The stakeholders can make it easier or harder for an organization to implement growth strategies and to achieve its goals and objectives. Stakeholders have different goals in an organization because of several reasons which may include the stakeholders' interests and preferences, their influence in the organization and also their general importance in the organization. The influence of the stakeholder measures how much power the stakeholder has in the decision-making process of the organization. A stakeholder is considered important to an organization if his needs and expectations have to be met for the organization to be viewed as successful. The relative influence and importance of different shareholders explain why stakeholders
Do missions often change over time? Should missions remain constant? Why or why not?
An organization is required to pronounce itself clearly on its missions, goals to be achieved and objectives to be met. Organizations should set time-bound goals and missions. These objectives can be met by carrying out an analysis aimed at measuring the level of achievement and any progress made by the organization. A firm's mission should answer any question raised on a firm’sexistence, that is, reasons of the organization for being in operations. The mission is long-term and futuristic. An organization should have goals which represent the outcome the organization anticipates after implementing certain growth plans …show more content…
The main aim of any organization is profit maximization, and this can only be achieved by ensuring that the organization is effective and efficient in all its day to day operations. The profit that a firm realizes is a function of total revenue less total cost. Therefore, for a firm to maximize profits, it must reduce costs incurred, in generating the revenues, to the bare minimum.
Other areas to consider while assessing the effectiveness of an organization in executing its mission and vision statements are growth data and customer satisfaction. Growth data will show how the work processes in an organization have evolved and how the systems the organization uses are effective in delivering the desired results. Surveys can be conducted to assess customer satisfaction with the organization's products and services, and the survey results can be used as an indicator of how the organizations are performing and how well it delivers on its mandate. Employee retention rates are also an indicator of organizational effectiveness as an efficient organization is well placed to attract talented employees and also retain productive workers (Pedraza, …show more content…
Would it not be best if they shared the same goals? Explain.
An organization is comprised of shareholders and stakeholders who are individuals or groups that possess vested interests in the performance of the organization. Stakeholders in an organization assess how well the organization is placed to achieve its mission and vision statements. Stakeholders also examine the economic viability and potential of the organizations' goals and objectives. Stakeholders in an organization will include owners of the firm, the management team, employees of the organization, suppliers of the organization and the customer and consumer base that the organization seeks to serve and satisfy.
The stakeholders can make it easier or harder for an organization to implement growth strategies and to achieve its goals and objectives. Stakeholders have different goals in an organization because of several reasons which may include the stakeholders' interests and preferences, their influence in the organization and also their general importance in the organization. The influence of the stakeholder measures how much power the stakeholder has in the decision-making process of the organization. A stakeholder is considered important to an organization if his needs and expectations have to be met for the organization to be viewed as successful. The relative influence and importance of different shareholders explain why stakeholders