Managers Sometimes State a Target Growth Rate for Sales or Earnings

question 82

Essay

Managers sometimes state a target growth rate for sales or earnings per share. Do you think that either makes sense as a corporate goal? If not, why do you think that managers focus on them?

---

Definitions:

Autocratic

A leadership or management style characterized by individual control over all decisions with little input from group members, often leading to a top-down approach in decision making.

Democratic

Pertaining to a system of government by the whole population or all the eligible members of a state, typically through elected representatives.

Buying Centers

Groups within an organization that make purchasing decisions, comprising individuals with different roles such as users, influencers, deciders, approvers, and gatekeepers.

Repossession Services

Businesses that specialize in reclaiming property on behalf of creditors when borrowers default on their loans.