Adopting a set of "stretch" financial and stretch strategic objectives
A)pushes the company to strive for lesser but adequate profitability levels, because the stretch objectives are considered unattainable.
B)is a widely held method for creating a "scorecard" for monitoring company performance.
C)helps convert the mission statement into meaningful company values.
D)challenges company personnel to execute the strategy with greater enthusiasm, proficiency, and understanding.
E)is an effective tool for pushing the company to perform at its full potential and deliver the best possible results.

Question

Quizplus · Accepted Answer

Adopting a set of "stretch" financial and stretch strategic objectives is an effective tool for pushing the company to perform at its full potential and deliver the best possible results. This is because the stretch objectives are designed to challenge the company to achieve more than what is considered "good enough" and push for higher levels of performance, innovation, and growth. This can lead to higher levels of engagement, motivation, and creativity among employees, as they are encouraged to think outside the box and come up with new and better ways to achieve the company's goals. Additionally, stretch objectives can help align the company's mission, vision, and values with its strategic objectives, creating a more coherent and effective corporate culture.

Adopting a Set of "Stretch" Financial and Stretch Strategic Objectives