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Organization and Management Study: Formulation of Goals

The document discusses how to properly formulate goals and objectives for an organization. Goals should provide direction and be measurable, with quantifiable targets to determine if they were achieved. Objectives are most effective when expressed with clear timeframes and written down. An implementation plan is then prepared, outlining the organizational structure, ownership form, management chart, key personnel roles and qualifications, and project schedule. The schedule often uses techniques like Gantt charts and PERT networks to establish activity sequences and durations, allowing management to simulate scenarios and track progress. Overall, the document emphasizes that well-defined goals and objectives along with a thorough implementation plan are

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Maricar Gadoy
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59 views

Organization and Management Study: Formulation of Goals

The document discusses how to properly formulate goals and objectives for an organization. Goals should provide direction and be measurable, with quantifiable targets to determine if they were achieved. Objectives are most effective when expressed with clear timeframes and written down. An implementation plan is then prepared, outlining the organizational structure, ownership form, management chart, key personnel roles and qualifications, and project schedule. The schedule often uses techniques like Gantt charts and PERT networks to establish activity sequences and durations, allowing management to simulate scenarios and track progress. Overall, the document emphasizes that well-defined goals and objectives along with a thorough implementation plan are

Uploaded by

Maricar Gadoy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Organization and Management Study

FORMULATION OF GOALS

Goals or objective are the desired results of a particular undertaking. They provided direction for all
decisions and form the criterion against which actual work accomplishments can be measured. Goals
can be formulated for the marketing, technical, and financial aspects of the feasibility study.

In most cases, goals and objectives are written with quantifiable targets. This makes it easy to determine
if the goal set has been achieved or not. An example of a marketing objective is: “To acquire at least 10%
market share.” For the technical aspect of a study, an objective is to increase production capacity by
20% in the next two years.

CHARACTERISTICS OF WELL-DESIGNED GOALS AND OBJECTIVES

 Expressed in terms of results rather than actions


 Measurable and quantifiable
 Clear time frame
 Challenging and yet attainable
 Written down on paper
 Communicated to all members of the organization

Once the objectives and the ways and means of attaining them have been established, the step is to
prepare an overall implementation plan. This is discussed in the organization and management study, as
follows:

1. Basic considerations in forming the organization


2. Form of ownership
3. Organizational chart/Management of the Project
4. Officers and Key Personnel/Labor Requirement
5. Project schedule

A. BASIC CONSIDERATIONS

First, the purpose of the project must be restated. Then, by consolidating the inputs from the
marketing, technical, and financial studies that are relevant to organization and management, the
project’s organizational chart may now be designed. For example, the marketing organization proposed
in the marketing study will now be included in the master plan, along with the production staff
described in the technical study.

B. FORMS OF OWNERSHIP

The four forms of ownership are:

1. Single proprietorship
2. Partnership (general or limited)
3. Corporation ranging from small to large-scale enterprises
4. Cooperative organization (consumers, producers, marketing, or financing)
C. ORGANIZATIONAL CHART

In an organization chart, all personnel - from the management to the rank-and-file-employees – are
presented in diagram which shows their relationships and the flow of authority.

D. OFFICERS AND KEY PERSONNEL

The names of specific individuals for certain key positions are set forth in this section. The necessary
educational background, work experience and training, and net worth of each position must be
adequately described.

E. PROJECT SCHEDULE

The different activities involved in the preparatory stage of the project are presented in the Gantt Chart,
stating the duration of each activity and/or the PERT Network to establish the sequence to be followed
for the different activities.

With a computer-based Project Management software, an analyst can prepare the schedule and the
associated PERT/CPM. He/she can play around with the project schedule using the “What if?” scenario,
assuming unforeseen delays, untimely delivery of resources, or inability to raise funds when needed.
The analyst can also track the progress of activities taking note of slippages that need immediate
attention by management.
Worksheet:

Make your own reflection of what you have learned about in this topic in essay form with more than
250 words;

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