Setting Performance Targets.
By: Stringer, Carolyn.
Contributor(s): Shantapriyan, Paul | Pillai, Paul.Material type: TextSeries: eBooks on Demand.Publisher: New York : Business Expert Press, 2014Copyright date: ©2012Edition: 1st ed.Description: 1 online resource (155 pages).Content type: text Media type: computer Carrier type: online resourceISBN: 9781606491386.Subject(s): Goal setting in personnel management | goal-setting theory | motivation | performance management | performance measurement | Strategic planning | Target settingAdditional physical formats: Print version:: Setting Performance TargetsDDC classification: 658.3 LOC classification: HF5549.5.G6 -- S777 2012Online resources: Click here to view this ebook.
|Item type||Current location||Call number||URL||Status||Date due||Barcode|
|Electronic Book||UT Tyler Online Online||HF5549.5.G6 -- S777 2012 (Browse shelf)||http://ebookcentral.proquest.com/lib/uttyler/detail.action?docID=876646||Available||EBC876646|
Contents -- Chapter 1: Setting Performance Targets -- Chapter 2: Budget Targets -- Chapter 3: Target Setting in Changing Conditions -- Chapter 4: Performance Targets -- Chapter 5: Target Difficulty -- Chapter 6: Multiple Performance Targets -- Chapter 7: Innovations in Target Setting -- Chapter 8: Conclusion: Target Setting, the Lost Art -- Appendix-Understanding Probabilities -- Notes -- References -- Index.
Targets are an important part of our work life, whether we are setting them or meeting them. Target setting forms part of the budgeting process and the performance management of business units and individuals. Unfortunately the behavioral impacts of target setting on performance are not well understood, and this can lead to serious consequences such as game playing. Target setting is an under-researched area. This book will help you fill the gap in target setting for performance. The pivotal issue in target setting is that it is an art as well as a science. Perhaps more of an art, requiring a balance between the psychologies of the people taking initiatives, the science of estimating probabilities and aligning with strategies, coupled with the effects of incentives. Another feature of this book is how the authors drew on ideas and research across disciplines, which is rarely done in this field. Inside this book, you will be introduced to some of the important methods in target setting such as forecasting, sensitivity analysis, and probability analysis; all of which include practical examples to show how these techniques can be directly applied. In the end, you'll learn how interrelated the various parts of organizational activities are and how they impact on each other, which is important since target setting must include an understanding of the organizational context (e.g., people, competitive environment, structure, strategy) as well as the impact of incentive compensation and information flows.
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