When used to motivate, what is the best type of budget target?

Question

When used to motivate, what is the best type of budget target?

BlackTom AI · Accepted Answer

When considering how to set a budget target that effectively motivates performance, we evaluate how the target balances stretch with attainability.
Option 1: 'Very difficult' – This creates a high-risk of discouragement if the target feels unattainable, which can undermine motivation and lead to disengagement or gaming of the system. It often damages confidence and may reduce effort rather than increase it.
Option 2: 'Conservative' – A budget target that is too easy tends to be demotivating because there’s little urge to push beyond the status quo; people may settle for the minimum and miss opportunities for growth, efficiency, or learning.
Option 3: 'Best guess' – Relying on an ungrounded estimate lacks rigor and accountability. It signals weak planning and can undermine trust in targets, as employees may view the target as arbitrary rather than a fair challenge.
Option 4: 'Challenging but achievable with effort' – This strikes the right balance by setting a target that requires effort and focus, but remains within the realm of possibility with planning, teamwork, and disciplined execution. Such targets tend to sustain motivation, drive purposeful action, and encourage innovative problem-solving without tipping into discouragement or hopelessness.
In light of motivational theory and practical performance management, the most effective choice is the fourth option because it maximizes engagement by providing an attainable but stimulating challenge.

22705 Management Planning and Control - Spring 2025 Modules 1-4: Self-assessment and feedback

When used to motivate, what is the best type of budget target?

查看解析

登录即可查看完整答案

类似问题

It is best to set budget targets that are:

In a consumer society, many adults channel creativity into buying things

Economic stress and unpredictable times have resulted in a booming industry for self-help products

People born without creativity never can develop it

A product has a selling price of $20, a contribution margin ratio of 40% and fixed cost of $120,000. To make a profit of $30,000. The number of units that must be sold is: Type the number without $ and a comma. Eg: 20000

Which of the following statement regarding cost is correct:

Under the assumptions used in cost-volume-profit analysis, as the activity increases:

The CVP and break-even analysis are supported by a range of important assumptions. Which of the following is not an assumption of the CVP:

更多留学生实用工具

考试浏览器助手

风格化写作助手

论文查重助手

文献引用助手

课堂转译助手

课堂笔记助手

Quiz搜索助手

学校历年真题

智能刷题助手

智能匹配练习

希望你的学习变得更简单