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The Primary Elements of Group Structure Include Goals, Operating Guidelines

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The primary elements of group structure include goals, operating guidelines, performance measures, and specification of roles.


Definitions:

Leading Indicators

Economic factors that change before the economy starts to follow a particular trend, used to predict the future movements of an economy.

Strategic Initiatives

Action plans that management implements to achieve strategic objectives.

Strategic Objectives

The specific, measurable goals that a company aims to achieve in order to execute its strategy and achieve its long-term vision.

Balanced Scorecard

A strategic planning and management system used to align business activities to the vision and strategy of the organization.

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