True or False: Goals are set only during the annual planning cycle. (choose the best answer)

True or False: Goals are set only during the annual planning cycle. (choose the best answer)
A . False
B. True

View Answer

Answer: A

Explanation:

Something important that the organization would like to achieve. This goal is so big and far away, with many uncertainties along the journey that the organization must use empiricism. Because the Strategic Goal is aspirational and the path to it is uncertain, the organization needs a series of practical targets called Intermediate Goals. Intermediate Goals are achievements of which will indicate that the organization is on the path to its Strategic Goal. The path to the Intermediate Goal is often still somewhat uncertain, but not completely unknown. Both your goals and your improvement experiments will likely evolve as you learn more about customers, competitors, and your organization’s capabilities. Goals can change because of outside events, and your tactics to reach your goals may need to be reconsidered and revised. Was the Intermediate Goal the right goal? Is the Strategic Goal still relevant? If you achieved the Intermediate Goal, you will need to choose a new Intermediate Goal. If you did not achieve it, you will need to decide whether you need to persevere, stop, or pivot toward something new. If your Strategic Goal is no longer relevant, you will need to either adopt it or replace it.