Name: Kealo Sebastian L Sta Ana Date: October11,2022

Course and Section: BFMM03 Subject: LEADMGT

PERFORMANCE ASSESSMENT

Answer the following items in more than 10 sentences. Use extra sheets if necessary: (3
items x 10 points)

1. Distinguish objective, mission, policy, procedure, and rule by giving your

own example.

Objectives are the goals that the organization must achieve. Objectives, on the
other hand, refer to specific, measurable ends. They are clearly defined objectives
toward which all organizational activities are directed. They are the outcomes of
the organization's activities. The specific targets or standards against which actual
performance can be measured are known as objectives. It is a future goal or target
that an organization wishes to achieve." Planning is useless unless objectives are
defined. Objectives serve as a guide for planning; that is, planning is directed
toward specific goals. The purpose of an organization is referred to as its Mission.
The company's mission statement is the reason for the existence of the
organization It connects the organization to society. An organization's mission
should be ambitious while remaining realistic. realistic. It should provide the
organization with a strategic direction. The policy is a blueprint for an
organization's repetitive/routine activities. While strategy is concerned with
organizational decisions that have never been dealt with or faced in the same form
before. Policy development is the responsibility of top-level management. While
strategy formulation is primarily the responsibility of middle-level management.
The term Procedure refers to a pre-planned sequence of operations for handling
recurring business transactions consistently and uniformly. A procedure is a pre-
planned routine for handling recurring business operations uniformly and step by
step.
2. Watch the video on the Decision-Making Process. https://youtu.be/8rhEHPixPFU
Provide your reaction to the video.

When making business decisions, it is critical to consider both the positive and negative
business consequences and to favor positive outcomes. This keeps the company from
losing money and allows it to keep growing steadily. Avoiding difficult decisions may
appear to be easier at times, particularly if you anticipate a great deal of conflict as a
result of making the difficult choice. However, making decisions and accepting the
consequences is the only way to maintain control of your corporate life and time. Every
human being must make decisions every day. This rule is without exception. Making
decisions in corporate organizations is both a habit and a process. Profits are generated
by effective and successful decisions, while losses are generated by ineffective and
unsuccessful decisions. As a result, corporate decision-making is the most important
process in any business. During the decision-making process, we select one of several
options. Many tools, strategies, and points of view may be employed during the decision-
making process. Furthermore, we have the option of making individual decisions or voting
as a group. Making decisions is never easy. The majority of business decisions involve
some level of dissatisfaction or disagreement with a decision.

3. Please read the https://businesstips.ph/top-12-reasons-why-managers-fail/ and

give your comments.

My comment is a manager will fail in his or her job if he or she is unable to be flexible. A
manager must deal with not only external team factors such as changes in competition,
socialization, legality, and technology but also internal team factors. A manager cannot
build trust and assure team members that he or she can lead the team if he or she is
unable to handle the team's various needs. Diversity in the team may necessitate
flexibility to understand how to treat individuals and bring the team to achieve the
organization's goals. Furthermore, a manager's lack of integrity and trustworthiness will
result in disorganized teamwork. To be an effective manager, an effective manager may
assume major responsibilities within the company, First and foremost, work planning and
task delegation are essential. A manager's top priority will be his or her employees. Apart
from that, a manager must observe his or her employees in terms of job satisfaction and
work environment. The Employees of a company may differ in terms of gender, ethnicity,
age, ability, value, and so on. The goal of employee observation is to assist them in
overcoming differences that may cause them to feel isolated. To make a supportive work
environment for people who are different and unhappy at work. Furthermore, a manager
must encourage and bring out the best in each employee, which is critical in work
delegation. An effective manager's average day may appear packed and busy, but if he
or she manages all work wisely and has good management skills, he or she may be able
to generate productive work in a short period.