Answered: Define goal congruence, and explain why…

Business

Accounting

Define goal congruence, and explain why it is important to an organization’s success.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 9Q: What does goal congruence mean? Provide an example with your explanation.

See similar textbooks

Related questions

Q: Which of the following is not an aspect of action control? Select one: O a. To define objectives O…

A: Action control refers to controlling activities within an organization to achieve the desired…

Q: Which of the following statement doesn't describes the organizational vision: Select one: O a. It is…

A: Organisational vision statement shows the purpose of the organisation. It shows the total and one…

Q: Explain how a company's approach to planning and its mission can be translated into action plans.

A: Planning is a process that helps to bridge the gap between where we are and where we want to be.…

Q: Describe the relationship between capacity planning and location and their importance nto the…

A: Capacity planning and location decisions are critical to the organization's effective and smooth…

Q: Risk management program should be intertwined with organizational strategy.

A: Risk management can be defined as the process of identifying, analyzing, and accepting or mitigating…

Q: A balanced scorecard is an integrated system of performance measures designed to support an…

A: Balanced scorecard: It is a tool to measure the performance that relates a company’s strategy to…

Q: Distinguish between authentic leadership, transformational leadership, and servant leadership. Are…

A: Authentic leadership hold altruistic values and are concerned with achieving common goal.…

Q: There is a phrase stated "THE MORE WE GIVE, THE MORE WE GAIN". Kindly explain what this phrase means…

A: When a company incorporates social and environmental concerns into its operations, it is said to be…

Q: ___________________________________consists of identifying alternatives, selecting from among…

A: Managerial accounting: Managerial accounting is a system, or a process of collecting and organizing,…

Q: In a business plan, this indicates why the organization's exists Group of answer choices A goal A…

A: vision mention the desired future position of the organisation which it wants to achieve.

Q: Which one of the following is related to the planning function of management: a. Establishing goals

A: Overhead rates refers to the cost allocated to the production of a product or a service required by…

Q: Describe the process through which a company's approach to planning and purpose may be transformed…

A: Here is the answer:

Q: mance evaluation seeks to achieve goal congruence and managerial effort." Discuss what you think is…

A: Definition of performance evaluation Performance evaluation is as a formal and productive procedure…

Q: evaluate the financial and non-financial objectives that managers in an organisation should pursue…

A: Company operates in strategic environment for operating activities and get return on the investment…

Q: functions of planning, organizing, leadership, and controlling.

Q: Briefly explain the relationship between the organisation's mission statement and performance…

A: The financial position of the company can be arrived from the income statement prepared by the…

Q: Because a mission statement is an essential part of building a company strategy.

A: This question explains about an essential part of building a company strategy.

Q: Which of the following element is part of the controlling function? O a. Coordinating the functions…

Q: That event of management's desired objectives is an example of:

A: Efficiency: Efficiency is the ability to accomplish the result with the usage of the least amount of…

Q: define the characteristics of an organized structure which are the most relevant features for an…

A: Organizational Structure: Organizational structure refers to the manner in which activities such…

Q: The balanced scorecard describes all of the following except which one? The descriptions of…

A: A balanced scorecard is a performance metric that is used to identify and improve various internal…

Q: Describe the relationship between business objectives and stakeholders interest.

A: Each business has certain objectives most common are maximize wealth and achieve growth but that is…

Q: organization to achieve the project objectives. The role of a project manager is distinct from a…

A: Since we answer one question, we will answer the first question. Please resubmit the question.…

Q: refers to the concept that the firm needs to address some activities more forcefully than others…

A: Develop strategy for critical activities refers to the concept that the firm needs to address some…

Q: The Swot analysis is part of which phase in goals based strategic planning?

A: SWOT analysis refers to assessment of internal and external environment. By analyzing the internal…

Q: A balanced scorecard is the compatibility between personal goals and the goals of the organization.…

A: A balanced scorecard is a management tool for strategic performance of the organisation.

Q: The objective of Responsibility Accounting is to evaluate performance and provide a feedback so that…

A: Responsibility accounting falls within the realm of management accounting wherein the accounting…

Q: A program refers to a collection of projects or programs and other work that are grouped together to…

A: The questions are multiple choice questions. The question is related to Program , Project and…

Q: The management function of organizing and directing is mainly concerned with setting goals and…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: Explain how management accounting systems can be adapted to enable an organization to engage in…

A: Companies interact their performance and impacts on a wide range of sustainability topics, including…

Q: Foster the planning of operations, provide a framework for performance evaluation, and promote…

Q: -Financial -Quality -Human resources

A: Basically, in every business organization, every entity must identify and analyze performance and…

Q: which of the following are elements of rhe balanced scorecard? a. performance targets b. strategy…

A: A strategy map is a graph that provides us a logical connection between strategic objectives. It is…

Q: State which performance perspective each strategic objective should fall under, and suggest at least…

Q: Was the conceptual framework created to achieve a specific goal

A: The conceptual framework created to achieve a specific goal will be explained :

Q: brenchmarking to improve an organizations performance

A: Benchmarking is the method of fixing standards for evaluating the performance of the business entity…

Q: Which of the following terms is used to describe the process of developing the organization’s…

A: Improving process: it is a process of identifying and analysing of existing process improving them…

Q: Who is responsible for the generation and evaluation of creative investment proposals in an…

A: Investment manager or finance manager is responsible for the organization’s creative investment…

Q: keholders determine what are viable sources of information regarding organizational effectiveness…

A: Step 1 The efficiency with which an organization can fulfill its objectives can be defined as…

Q: Classify the performance measures below into the most likely balanced scorecard perspective towhich…

A: Balance Scorecard is used in strategic management to measure the performance by ascertaining…

Q: Explain how company's approach to planing and it's mission can be translated into action plans

A: Planning: Planning refers to the process which helps in bridging the gap between the point the…

Q: make effective and efficient use of organisational resources to create maximum value by facilitating…

A: Management accounting information refers to the compiled set of documents and reports of the company…

Q: valuate the key elements of a human resource management strategy.

A: HRM strategy is a plan that lead to the implementation of a company's human resources department's…

Q: Which of the following statements doesn't describe the organizational strategies: Select one: O a.…

A: Organisational strategies may be defined as long term plans formed by the organisation to channelise…

Q: Distinguish between organisational types. Identify their key stakeholders and evaluate their need…

A: An organizational structure is that outline system where certain activities are directed in that…

Question

Define goal congruence, and explain why it is important to an organization’s success.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Why is goal congruence important to an organization’s success? How does a responsibility-accounting system foster goal congruence?
That event of management's desired objectives is an example of: а. Efficiency. b. Reliability. С. Planning. d. Effectiveness.
Which of the following terms is used to describe the process of developing the organization’s objectives and translating those into courses of action? a.planning b.improving c.supervising d.decision making
define the characteristics of an organized structure which are the most relevant features for an organizational culture?
Distinguish between organisational types. Identify their key stakeholders and evaluate their need and influence.
Briefly explain the relationship between the organisation's mission statement and performance measurement.
How can a balanced scorecard be used to ensure the organization's strategic goals are met? Also what are the pros and cons?
How do stakeholders determine what are viable sources of information regarding organizational effectiveness for those organizations with which they are involved?
Describe the concept of a profit center and, using a specific organization, give an example of how this might be used to achieve the strategic goals of the organization.
Goal congruence in well-designed performance measurement systems best explains a congruence between ________. A. employees and the company B. strategic plans and the future C. decisions and outcomes D. feedback and measurement
What is operational feasibility and what problems must management address to achieve it?
Explain the Role of Perfomance Management Techniques in improving Organizational Performance.