After reading this article you will learn about the problems of objective setting and ways to overcome it. Problems of Objective Setting: Setting organisational objectives has the following problems: 1. Risk: Though challenging objectives increase desire to perform better, they also increase the risk of their non-achievement. 2. Stress: As a result of risk, the challenging goals may increase mental [...]
This article throws light upon the four main forces that affect organisational goals. The forces are: 1. Competition 2. Cooptation 3. Coalition 4. Bargaining. Force # 1. Competition: Organisations get resources (technological, financial, material, human) from the environment. As resources are limited, they compete for the scarce resources. Maximum share of resources is gained by organisations whose goals are acceptable [...]
After reading this article you will learn about:- 1. Meaning of Mission Statement of An Organization 2. Features of Mission Statement 3. Components. Meaning of Mission Statement: "A mission statement is a statement of the purpose of an organisation. The mission statement should guide the actions of the organisation, spell out its overall goal, provide a path and guide decision-making. [...]