answersLogoWhite

0

Establishing and periodically reviewing objectives is essential for organizations to ensure alignment with their mission, vision, and changing market conditions. This process allows organizations to assess their progress, adapt strategies, and allocate resources effectively. Regular reviews also foster accountability, motivate employees, and enhance overall performance by ensuring that goals remain relevant and achievable. By staying responsive to internal and external factors, organizations can maintain competitiveness and drive continuous improvement.

User Avatar

AnswerBot

1w ago

What else can I help you with?

Continue Learning about Management

Why it is necessary for organisation to establish and periodically review their objectives?

Without objectives, companies don't have a direction and probably will fail. Unless they periodically review them they cannot know if their direction is still relevant.


Why should organization have objectives?

Organisation should have objectives because any business unit or enterprise are based on some guidelines. Objectives is necessary inorder to know what any business is upto. How they are regulated. Are they to satisfy want or just maximise profit.


Why is is necessary for organisation to establish and periodically review their objective?

It is necessary for organizations to establish and periodically review their objectives because things change. Organizations that do not acknowledge or monitor the changes that are happening in their field are likely to become irrelevant. For example, if a commercial fishing company wasn't aware that the fish population they usually fish was dwindling in the places where they usually fish, they would miss the opportunity to change to a new place or a new fish and would eventually go bankrupt. Their competitors who were monitoring the change and adjusting their business accordingly would continue to survive.


Why is it necessary to link training and development activities to the achievements of the organizations strategic business objectives?

It improves perfomance,sklils and khowledge of employees


Why is it necessary to monitor and control strategic plans?

Executive managers must monitor and control strategic plans because if they don't, then their goals may not align with the business objectives. By monitoring, they can eliminate projects and objectives that don't fit with their business.

Related Questions

Why it is necessary for organisation to establish and periodically review their objectives?

Without objectives, companies don't have a direction and probably will fail. Unless they periodically review them they cannot know if their direction is still relevant.


Why should organization have objectives?

Organisation should have objectives because any business unit or enterprise are based on some guidelines. Objectives is necessary inorder to know what any business is upto. How they are regulated. Are they to satisfy want or just maximise profit.


Why is is necessary for organisation to establish and periodically review their objective?

It is necessary for organizations to establish and periodically review their objectives because things change. Organizations that do not acknowledge or monitor the changes that are happening in their field are likely to become irrelevant. For example, if a commercial fishing company wasn't aware that the fish population they usually fish was dwindling in the places where they usually fish, they would miss the opportunity to change to a new place or a new fish and would eventually go bankrupt. Their competitors who were monitoring the change and adjusting their business accordingly would continue to survive.


Why is it necessary to link training and development activities to the achievement of the organisation's strategic objectives?

This sounds like an exam question. lol. But if the two are not aligned then the workforce may be developing new or enhancing existing skills that are aligned with the companies direction. i


Why is it necessary to link training and development activities to the achievement of the organisation strategic business objectives?

This sounds like an exam question. lol. But if the two are not aligned then the workforce may be developing new or enhancing existing skills that are aligned with the companies direction. i


Why is it necessary to link training and development activities to the achievement of the organisation's strategic business objectives?

This sounds like an exam question. lol. But if the two are not aligned then the workforce may be developing new or enhancing existing skills that are aligned with the companies direction. i


What is establish system?

Establish system refers to the process of setting up or creating a system within an organization, company, or project. This involves defining the structure, rules, processes, and procedures necessary to achieve specific goals or objectives effectively. It is essential for ensuring efficiency, consistency, and success in operations.


What are contingency plans and why are they necessary?

It is an activity taken to ensure that proper follow up steps will be taken by a management and employees in an emergency. Objectives are to ensure that damage, injury or loss is contained and that the key operations of the organisation continue. These rules will apply to a Company as well as the management of a Country


How often should communication channels be reviewed and why is a review process necessary?

to improve a good communication and attempt the objective of the organisation and keep the credibility of the organisation


What are the important principles of sound organization?

The important of organisation is accepts by all, without organisation, human actions cannot be planned, systematic and purpose achievement oriented, for every human activity organisation is necessary pre condition (without organisation planned human actions are impossible).


What are the objectives in short circuit study?

To provide the data necessary to design protection systems.


Why was it necessary for Jesus to come before the invention of the polygraph?

It was necessary for the religious leaders to establish dominance and fanatical control.