Process of Achieving Organisational Objectives

Organisational objectives are set targets that an organisation aims to achieve. The management of an organisation does not achieve its objectives by chance but by following a process called strategic management. Strategic management is the process of formulating, implementing and evaluating cross-functional decisions that enable an organisation to achieve its objectives.

Formulating Strategy

Formulating strategy involves setting objectives, analysing the internal and external environment of the organisation, and selecting the most appropriate course of action. This is done through the following steps:

1. Setting Objectives: The first step in formulating strategy is setting objectives that are specific, measurable, achievable, relevant, and time-bound.

2. Analysing the Internal Environment: The management analyses the internal environment of the organisation to identify strengths, weaknesses, opportunities, and threats (SWOT analysis).

3. Analysing the External Environment: The management analyses the external environment of the organisation to identify opportunities and threats.

4. Selecting the Most Appropriate Course of Action: The management selects the most appropriate course of action that aligns with the objectives of the organisation.

Implementing Strategy

Implementing strategy involves putting the selected course of action into effect. This is done through the following steps:

1. Allocating Resources: The management allocates resources such as finance, human resources, and technology to the various departments and units of the organisation.

2. Designing the Organisation Structure: The management designs an organisation structure that supports the implementation of the selected course of action.

3. Developing Policies and Procedures: The management develops policies and procedures that guide the behaviour of employees in the organisation.

4. Motivating Employees: The management motivates employees to achieve the objectives of the organisation.

Evaluating Strategy

Evaluating strategy involves assessing the effectiveness of the selected course of action in achieving the objectives of the organisation. This is done through the following steps:

1. Measuring Performance: The management measures the performance of the organisation against the set objectives.

2. Comparing Performance: The management compares the performance of the organisation with that of its competitors.

3. Identifying Deviations: The management identifies deviations from the set objectives and takes corrective action.

4. Reviewing Strategy: The management reviews the selected course of action and makes changes where necessary.

Conclusion

In conclusion, the management of an organisation achieves its objectives by following a process called strategic management. Strategic management involves formulating, implementing, and evaluating cross-functional decisions that enable an organisation to achieve its objectives. This process includes formulating strategy, implementing strategy, and evaluating strategy. By following this process, the management can ensure that the organisation achieves its objectives.

Every organisation does not achieve its objectives by chance but a deliberate process called MANAGEMENT.

Management helps with making sure that all the resources of the organization are properly used and that there is no wastage.

Management also enables the organization to achieve its set objectives

Management also enables achievement of personnel objectives

With proper, good and professional management the end result will be development and prosperity of the society.

hope it will help you..!!