1. 3.05 Days 4 & 5
Understand concepts, tools, and strategies used to explore, obtain, and develop in a business career

2. Functions of Organizational Goals
Set a standard of performance
Act as a basis for planning
Influence organizational structure
Develop employee commitment to the organization

3. Types of Organizational Goals
Official/strategic goals
Tactical/operative goals
Operational goals
Economic goals
Cultural goals
Product goals
Consumer goals
Secondary goals
Order goals

4. Business Mission
is a brief description of a company's fundamental purpose.
Answers the question, "Why do we exist?“
articulates the company's purpose both for those in the organization and for the public

5. Organizational Goals
desired states of affairs or preferred results that organizations attempt to realize and achieve

6. Objectives
Business objectives are the stated, measurable targets of how to achieve business goals
The most effective business objectives meet the following criteria:
S – Specific – objectives are aimed at what the business does, e.g. a hotel might have an objective of filling 60% of its beds a night during October, an objective specific to that business.
M - Measurable – the business can put a value to the objective, e.g. €10,000 in sales in the next half year of trading.
A - Agreed by all those concerned in trying to achieve the objective.
R - Realistic – the objective should be challenging, but it should also be able to be achieved by the resources available.
T- Time specific – they have a time limit of when the objective should be achieved, e.g. by the end of the year.

7. Student Activity(11.1.11) Create 3 personal SMART goals.
Explain the relationship between business mission, organization goals, and objectives. (3-5 sentences)
Explain the importance of reviewing and revising organizational goals on a regular basis (3-5 sentences)

8. Student Activity ( )
Using the 3.05 Articles, complete the Reading Guide.
Complete a Vocabulary Sheet
Test Wed., March 1, 2017