RE: [MTC Global] Goals & Objectives

Goals can be short term as well as long term they says "what to do in coming future" but, objective depicit the reason for existence of organisations they says " The reasons organizations existence"

Dr. Parag Narkhede

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From: 'Suresh Palsodkar' via Management Teachers Consortium, Global
Sent: 28-08-2014 18:37
To: join_mtc@googlegroups.com
Subject: Re: [MTC Global] Goals & Objectives

Dear Colleagues,

Goals are of short term nature such as 10% yearly increase in sales whereas objectives carry a larger time span.To achieve an objective goals in different areas are required(i.e. 1% reduction in cost,5% reduction in expenses etc.) The objective may be to be a market leader by having a sizeable market share over a period of 5 years.

Regards

DR.s.G.Palsodkar

On Wednesday, 27 August 2014 4:51 PM, Krishna K. Havaldar Havaldar <krishnahavaldar31@gmail.com> wrote:

Dear Mr.Ramesh Vemuganti,

It is a good question to ask about the difference between a goal and an objective, although many people use these terms as if they are synonymous.

An objective is a statement of intent. For instance, a company CEO may say that his company's objective is to make good profits. But when the same CEO says that he wants the company to achieve 20 % return on investment in the next year, it is a goal. In other words, a goal is a quantified objective.

I hope, I have made my views clear.

Regards,

Krishna K. Havaldar

On Tue, Aug 26, 2014 at 11:03 AM, Ramesh Vemuganti <vemugantiramesh@gmail.com> wrote:

Dear Colleagues

Food for thought. What is the universally acceptable difference between a Goal & an Objective?

Although Management, in its various facets, forms & fundas, has a history of over 2 centuries ,
some confusion still prevails on Goals & Objectives for a Manager.

Goals have a time frame & Objectives are aligned in the fulfilment of Goals. Losing 5 kgs in next 1 month is a goal - task & time frame. Objectives are series of things one does to lose weight, like diet, walking, yoga, attitude, etc. Some more clarity is needed as many Managers use Goals & Objectives, interchangeably

Few Management teachers & educators also get confused here.

Members can opine, with less of theory & more examples.

regards

Ramesh Vemuganti

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