A-Z Goal Setting and Planning (Scenario)

question 66

Multiple Choice

A-Z Goal Setting and Planning (Scenario)
Organizations ABC and XYZ are both in the same industry and vie for the same set of customers in the marketplace. At ABC, goals are set at the top level of management each year and then broken into subgoals for each organizational level. Similarly, plans are developed at the top level and then reformulated and delegated to managers at the middle and lower levels. At XYZ, goals are developed at the top level, and then those managers meet with their subordinates at the next lower level to establish mutually agreeable goals. The middle managers then meet with the first-level managers to establish mutually agreeable goals. Finally, the first-level managers meet with each of their employees and establish mutually agreeable goals. Annual plans are then developed by organization members at all levels to meet their specific needs.
-Assuming that XYZ's hierarchy of goals is clearly defined,the resulting integrated network of goals could also be called a ________ chain.

• A)hierarchical-link
• B)means-end
• C)management by objectives
• D)management hierarchy

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Definitions:

Shareholders

Individuals or entities that own shares in a corporation, giving them partial ownership and certain rights.

Minority Shareholder

A shareholder owning less than half of the total shares, and consequently having less influence over corporate decisions.

Decision-making

The cognitive process of choosing a particular course of action among several alternatives to produce a desired result.

Minority Shareholder

An investor who owns less than half of the total shares of a corporation, and therefore does not have control over the company's decisions.