Objectives with a strategic focus is aimed at achieving outcomes that enhance an organization's overall business position and competitive strength.…
CA Intermediate · Financial Management and Strategic Management · PYQS · January 2026
Objectives with a strategic focus is aimed at achieving outcomes that enhance an organization's overall business position and competitive strength. In view of the above statement, enumerate the characteristics of ideal objectives that are meaningful and effectively serve their intended purpose.
Suggested Answer and Working Notes:
Objectives with strategic focus relate to outcomes that strengthen an organisation's overall business position and competitive vitality. Objectives, to be meaningful to serve the intended role, must possess the following characteristics: Objectives should define the organisation's relationship with its environment.They should be facilitative towards achievement of mission and purpose.They should provide the basis for strategic decision-making.They should provide standards for performance appraisal.They should be concrete and specific.They should be related to a time frame.They should be measurable and controllable.They should be challenging.Different objectives should correlate with each other.Objectives should be set within the constraints of organisational resources and external environment.
Topics: Part B: Strategic Management
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