Questions and Answers
What should the time frame for both objectives and strategies be?
Two to five years
What are some common terms in which objectives are commonly stated?
Growth in sales
What benefits do clearly established objectives provide?
Reduce conflicts
At what levels of an organization are long-term objectives needed?
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What should each objective be associated with?
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What is the nature of long-term objectives according to the text?
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What does Arthur D. Little suggest should be the basis for managers' bonuses or merit pay?
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What are examples of financial objectives in organizations?
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What is the downside of managing by crisis according to the text?
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What is the main idea behind the saying 'If it ain't broke, don't fix it' in the text?
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What is the primary focus of strategic objectives in organizations according to the text?
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What is one of the consequences of managing by subjectives as described in the text?
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