Company Objectives

question 46

Multiple Choice

Company objectives

• A) are needed only on a companywide basis related to a company's short-term and long-term profitability.
• B) need to be broken down into performance targets for each of its separate businesses,product lines,functional departments,and individual work units.
• C) play the important role of establishing the direction in which it needs to be headed.
• D) are important because they help guide managers in deciding what the company's strategy map should look like.
• E) should be set in a manner that does not conflict with the performance targets of lower-level organizational units.

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Definitions:

Transformational Leadership

Occurs when leaders broaden and elevate followers’ interests and stir followers to look beyond their own interests to the good of others.

Valued Goods

Items or services that hold significant worth or importance to individuals or groups, often because of their utility, rarity, or cultural significance.

Bass's Transactional

A theory of leadership focusing on the exchanges between leaders and followers, where leaders provide rewards or punishments based on the performance of the followers.

Transformational Leadership Theory

A leadership approach that causes change in individuals and social systems, aiming to create a vision for followers and guiding changes through inspiration.