After reading this article you will learn about the problems of objective setting and ways to overcome it. Problems of Objective Setting: Setting organisational objectives has the following problems: 1. Risk: Though challenging objectives increase desire to perform better, they also increase the risk of their non-achievement. 2. Stress: As a result of risk, the challenging goals may increase mental [...]
After reading this article you will learn about the setting up of objectives of an organisation. Generally, top management determines the overall objectives of the organisation. In practice, however, the objectives are framed by interaction of various groups within and outside the organisation. The objectives must not only provide profits to the firm but also cater to interests of the [...]
This article throws light upon the four main forces that affect organisational goals. The forces are: 1. Competition 2. Cooptation 3. Coalition 4. Bargaining. Force # 1. Competition: Organisations get resources (technological, financial, material, human) from the environment. As resources are limited, they compete for the scarce resources. Maximum share of resources is gained by organisations whose goals are acceptable [...]