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Planning and Goal Setting for Small Business

By Small Business Administration

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Book Id: WPLBN0000696897
Format Type: PDF eBook
File Size: 230,053 KB.
Reproduction Date: 2006
Full Text

Title: Planning and Goal Setting for Small Business  
Author: Small Business Administration
Language: English
Subject: Small Business Administration, Small business bulletin, Regulations, codes, and protocols
Collections: Small Business Administration Collection
Publication Date:
Publisher: Small Business Administration


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Administration, S. B. (n.d.). Planning and Goal Setting for Small Business. Retrieved from

Government Reference Publication

Introduction : many authorities on business management identify the five major functions of management as ! Planning. ! Organizing. ! Directing. ! Controlling. ! Coordinating. The planning and controlling functions of management often receive less attention from the small business owner-manager than they should. One way to more effectively fulfill these two functions is through effective goal setting. The success of a business will depend on its long-range goals for sales, profits, competitive position, development of personnel and industrial relations. To accomplish these goals, the company will need to identify intermediate goals that it can work toward each year.

Table of Contents
TABLE OF CONTENTS INTRODUCTION 1 MANAGEMENT BY OBJECTIVES 1 PREPARING FOR THE MBO PROGRAM Understanding the Requirements of an MBO Program 1 Defining Your Business 2 Setting Goals 2 Devising a Work Plan 2 Reporting Progress 3 Evaluating Performance 4 INSTALLING THE MBO PROGRAM 6 THREATS TO AN MBO PROGRAM 6 SUMMARY 6 APPENDIX: INFORMATION RESOURCES 7 ______________________________________________________________________________


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