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 [...]
After reading this article you will learn about:- 1. Meaning of Strategic Planning 2. Features of Strategic Planning 3. Importance 4. Limitations. Meaning of Strategic Planning: Strategic planning means planning for making and implementing strategies to achieve organisational goals. It starts by asking oneself simple questions like : What are we doing, should we continue to do it or change [...]
After reading this article you will learn about the classification of plans. Class # 1. Classification on the Basis of Levels in the Organisation: Similar to objectives, plans are made for different organisational levels. Plans classified on this basis are discussed below: 1. Strategic Plans: Strategic plans are made to achieve the overall organisational goals. They achieve strategic goals through [...]