UPSC Exam > UPSC Videos > Commerce & Accountancy Optional Notes for UPSC > Organisational Goals - 1
Organisational Goals - 1 Video Lecture | Commerce & Accountancy Optional Notes for UPSC
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FAQs on Organisational Goals - 1 Video Lecture - Commerce & Accountancy Optional Notes for UPSC
| 1. What are organisational goals and why are they important in a business context? |  |
Ans. Organisational goals refer to the specific objectives that a company aims to achieve within a certain time frame. These goals provide direction and purpose to the organization, guiding decision-making, resource allocation, and performance evaluation. They are crucial in helping the company stay focused, motivated, and aligned towards a common vision.
| 2. How can organisational goals be effectively set and communicated to employees? | |
Ans. Organisational goals can be effectively set by ensuring they are specific, measurable, achievable, relevant, and time-bound (SMART). Once set, these goals should be clearly communicated to employees through regular meetings, emails, performance reviews, and visual aids to ensure everyone understands their role in achieving them.
| 3. What are some common challenges faced by organizations in achieving their goals? | |
Ans. Some common challenges faced by organizations in achieving their goals include lack of alignment between individual and organizational goals, insufficient resources, poor communication, resistance to change, and external factors such as economic conditions or market competition.
| 4. How can organizations measure the success of their goals and make necessary adjustments? | |
Ans. Organizations can measure the success of their goals by tracking key performance indicators (KPIs), conducting regular performance reviews, collecting feedback from stakeholders, and comparing actual results to the set targets. If goals are not being met, adjustments can be made by revising strategies, reallocating resources, or redefining the goals themselves.
| 5. How do organisational goals contribute to the overall success and sustainability of a business? | |
Ans. Organisational goals contribute to the overall success and sustainability of a business by providing a clear roadmap for growth, improving employee engagement and motivation, enhancing decision-making processes, fostering innovation, and ensuring adaptability in a constantly changing business environment.
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Nov 24, 2024 Last updated |
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