a.Costs: requires time to be set aside, have to make decisions without a lot of time to plan.b.Benefits: helps you check on your progress, helps to coordinate activities, helps you think ahead, helps you cope with uncertainty.
What is the relationship between an organization’s mission, vision, and three levels of goals?
a.All of these put together are used to make goals and then action plans.
1.What is the planning execution gap as described by Steven Covey?
a.Unable to identify top goals and priority, no ownership
1.What is MBO and what is the four-step process?
a.Management by objectives: suggested by Peter Druckeri.Jointly set objectivesii.Develop action plansiii.Periodically review performanceiv.Give performance appraisal and rewards