Product details

By continuing to use our site you consent to the use of cookies as described in our privacy policy unless you have disabled them.
You can change your cookie settings at any time but parts of our site will not function correctly without them.
Management article
-
Reference no. 85306
Published by: Harvard Business Publishing
Published in: "Harvard Business Review", 1985

Abstract

A study of 12 mature industrial companies shows that managing a financial goals system is a complex process in which competing and conflicting goals must be balanced. Once a company recognizes that its goals are interdependent and that trade-offs among them are necessary, it tends to emphasize market priorities in order to preserve its standing in the industry. In selecting its company''s financial objectives, management should specify realistic time horizons for achievement, ensure that all primary goals are consistent with one another, and account for changing economic and competitive conditions.

About

Abstract

A study of 12 mature industrial companies shows that managing a financial goals system is a complex process in which competing and conflicting goals must be balanced. Once a company recognizes that its goals are interdependent and that trade-offs among them are necessary, it tends to emphasize market priorities in order to preserve its standing in the industry. In selecting its company''s financial objectives, management should specify realistic time horizons for achievement, ensure that all primary goals are consistent with one another, and account for changing economic and competitive conditions.

Related