GMS 200 Lecture 6: GMS200 Chapter 6 Week 7 in class notes

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Ahmed Mawashi

Document Summary

Gms200 chapter 6 week 7 in class notes. Objectives/goals: specific results that a company wants to achieve within in a time frame with available resources. Identify the specific results or desired outcomes that one intends to achieve. If you have an objective, you can evaluate your performance. Objectives are basic tools that underline all planning and strategic activities. A goal: specific results that a company wants to achieve within in a time frame with available resources but must have multiple objectives and is broader. An observable and measurable end result having one or more objectives to be achieved within a more or less fixed timeframe. Examples: goal: i want to retire by age 50 . Objective: in order to reach my goal of retiring at age 50, i need to save ,000 by the of this year . Great goals are smart: set specific goals, make sure goals are measurable, ensure goals are attainable, referred to, goals must be timely.