Reference no: EM131499245

Assignment: Principles of Management

You will select an organization that you are (or were) actively involved in and address the following:

Length and format: 800 words.

Topic

In this materials we look at the foundations of planning and decision making.

Write your paper to answer the following questions, and cite at least 2 outside sources. You're going to have to do a little research.

1. Management by objectives (MBO) is not new. The concept goes back almost fifty years. Its appeal is its emphasis on converting overall objectives into specific objectives MBO makes objectives operational by cascading them down through the organization and works from the bottom up as well as from the top down. The result is a hierarchy that links objectives at one level to those at the next level. For the individual employee, MBO provides specific personal performance objectives. Top management must be committed to the process for MBO to work. What are the challenges and obstacles to this process?

2. What are SMART Goals?

3. Create three SMART Goals for yourself in relation to either this course, or your degree program.

4. Name at least four factors you've found through your search that prevent effective decision making. How does each hinder the "decision making process"? Did any of these, or can any of these, affect your SMART Goals from above? Have they ever in your actual work environment?