What is the essence of formal goal setting?
A) A dynamic mission statement
B) A stable internal environment
C) Collaborative planning
D) A tall organization structure
E) A wide span of management

Question

Quizplus · Accepted Answer

The essence of formal goal setting is collaborative planning, where individuals and teams work together to set specific, measurable, achievable, relevant, and time-bound (SMART) goals that are aligned with the organization's overall mission and vision. This process involves a clear understanding of what needs to be achieved, why it is important, how it will be done, who is responsible for it, and when it will be accomplished. Formal goal setting helps to improve performance, enhance motivation and engagement, increase accountability and transparency, and foster continuous learning and improvement. It is an essential tool for strategic management and organizational effectiveness.

What Is the Essence of Formal Goal Setting