AREC323 Study Guide - Final Guide: Hierarchical Organization

• School: University of Alberta
• Department: Agricultural and Resource Economics
• Course: AREC323
• Professor: Jay Anderson

Document Summary

We need to improve the company " s performance. goal setting:! I want to see a significant improvement in this division " s profits. Don " t worry about quality; just work fast. Means-ends chain:! the integrated network of goals that result from establishing a clearly de ned hierarchy of organizational goals ! achievement of lower-level goals is the means by which to reach higher-level goals, the ends! Reason of mbo success:! top management commitment and involvement ! Well-designed goals are:! written in terms of outcomes rather than actions ! measurable and quanti able ! clear time frame! challenging yet attainable ! written down ! communicated to all necessary organizational members ! Time frame! long-term plans - time frames extending beyond three years! short-term plans - time frames of one year or less ! Speci city ! speci c plans - clearly de ned and leaves no room for interpretation!