Define Goal Setting

question 72

Essay

Define goal setting.How does it improve employee performance in an organisation?

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Definitions:

Return on Investment (ROI)

A performance measure used to evaluate the efficiency or profitability of an investment relative to its cost.

Division's

Pertaining to a section or subdivision of a company that operates under its own management and is responsible for a certain segment of the company's activities.

Delivery Cycle Time

Delivery cycle time is the total time taken from when a customer order is placed until the product is delivered to the customer, encompassing order processing, manufacturing, and shipping phases.

Last Year's Margin

The difference between sales revenue and cost of goods sold from the previous financial year, typically expressed as a percentage of sales.