A company needs performance targets or objectives
A)to help guide managers in deciding what strategic path to take in the event that a strategic inflection point is encountered.
B)because they give the company clear-cut strategic intent.
C)in order to unify the company's strategic vision and business model.
D)for its operations as a whole and also for each of its separate businesses, product lines, functional departments, and individual work units.
E)in order to prevent lower-level organizational units from establishing their own objectives.

Question

Quizplus · Accepted Answer

Performance targets or objectives are important for guiding the overall operations of a company, as well as individual business units and departments. They help establish clear goals and metrics for success, allowing for better decision-making and alignment within the organization. Setting targets for each separate business, product line, functional area, and work unit helps ensure that everyone is working towards the same objectives and contributes to the overall success of the company.

A Company Needs Performance Targets or Objectives