Corporate Goals and Achievements
The objectives of an organization habitually fall into four classes: growth, customer or client contentment as well as financial gain, and employee growth and development. They can be met in one or more ways by the steps you take to get there (Jung et al. 2020). Therefore, it could be seen that corporate goals are holistic as well as long-term outcome that is required to be achieved. It defines the future strategy and to the direction where the corporation is willing to move. Therefore, the achievements of a corporation would always be subjected to attain its goals in short-term as well as long-term as well. The maximisation of profit as well as employee performance and security alongside customer satisfaction all could be involved in the corporate goals and achievements target of a company (Albukhitan, 2020).
Risk of Informing Employees about Corporate Goals and Achievements
However, followed to the discussion above, it can be seen that there are certain risk in informing employees about the corporate goals as well as achievements. In this context, it is to be seen that goals that are too far above the level of skills as well as competencies of an employee would certainly create negative impact on the performance of the employees. Therefore, there would be lagging motivation among the employees for completing the goals (Covin et al. 2020). If the corporation set more complex and difficult to achieve the goals, then, it might lead to the risky behaviour among the employee for accomplishing those goals in timely manner. Another major risk of informing employees about the goals and achievements is inefficient decision-making. In this context, the risk of internal conflicts among the employees regarding their contribution to the corporate goal and achievements would be seen to create significant challenges. As a result, quality of expertise would decrease.
Benefits of Informing Employees about Corporate Goals and Achievements
On the contrary, benefits of informing employees about the corporate goals and achievements could be seen as per goal-setting theory (Durst et al. 2019). As per the theory, informing employees about corporate goals and achievements would increase employee involvement. As a result, it would further increase communication across the organisation. It is essential for leaders and employees alike to comprehend the company’s vision in any sort of businesses. The overall team is on the same aspect and well-equipped for supporting the mission of the organisation if this vision and the goals are essential to achieve it are clearly communicated. Moreover, communication of the corporate achievements would enhance the teamwork and leadership skills and practices across the organisation (Manuel and Herron, 2020). Through which, the level of employee productivity, performances can be enhanced further. In this significance, it is to be said that if employees are reminded of accomplishments and feel like they are working and contributing toward a common objective, regular internal communication could also be improving their work ethic. And, lastly, it is also to be observed that informing employees about the corporate goals and achievements would help managers in properly evaluating employee performance (Saeidi et al. 2019). They can conduct performance appraisal for identifying effectively performing employee and underperforming employees as well to enhance their productivity and performance further.
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