Functions of Goals and Objectives - Management

The video tutorial emphasizes the significance of goals and objectives in modern management. It highlights how they provide guidance and direction to both managers and employees, especially in dynamic situations. Goals help coordinate planning and actions, serve as motivational tools, and facilitate process control. The tutorial also touches on managerial techniques such as management by objectives and SMART goals.

What role do goals and objectives play in modern management techniques?

How do goals and objectives provide guidance to employees?

In what ways can setting goals be motivational?

Explain how goals facilitate process control in management.

What is the significance of SMART goals in management?