List the steps in the formal goal-setting process. What are some of the advantages for companies that use this approach? What are some of the problems that may arise from use of this approach?
Answer to relevant QuestionsWhat types of plans and decisions most likely require board of director involvement, and why? What types of decisions and plans are not appropriate for board involvement, and why? How might a company use the process of goal setting to help it implement its succession plan? Which strategy should a firm develop first—its business- level or its corporate-level strategy? Describe the relationship between a firm’s business- and corporate level strategies. Interview a department head at your college or university to determine whether group or team decision making is used. If it is, how does the head attempt to overcome the disadvantages of group decision making? Are the ...In your experience, have you found that decision-making groups tend toward groupthink? If so, what factors contributed to this tendency? If not, what factors helped to prevent it?
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