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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.

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

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.


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 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 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 periodically assess and evaluate policies?

is it necessary to have periodically assess and evaluate policies because it determines whether the policies are still current & relevant to your organisation & to its clients. Whether the policies suits their intended purpose or whether they need to be changed, eliminated, replaced or even updated.


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.


Do I have to transition my Vanguard account?

Transitioning your Vanguard account is not mandatory, but it may be necessary depending on your financial goals and circumstances. It is recommended to review your account periodically and consider transitioning if it aligns with your investment objectives.


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'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


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


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


Why do think it is necessary for the utility to be updated often?

This program is updated periodically in order to support the newest components.


Why do you think it is necessary for the utility to be updated often?

This program is updated periodically in order to support the newest components.

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