Which of the following is a tactical goal? Multiple Choice By the end of this fiscal year, we will achieve a 10 percent cost reduction in our office expenses. Within two years, we will enter into a strategic alliance with a company that is able to effectively market and sell our products in China, India, and other emerging economies. This company has a policy of conducting a background and credit check on all job applicants. Smoking on the factory floor is strictly prohibited; anyone caught smoking in company facilities will be disciplined immediately. As a company, we are committed to increasing our online presence through social media.

By the end of this fiscal year, we will achieve a 10 percent cost reduction in our office expenses.

Explanation:

An organizational goal can be defined as a set of plans and objectives that an organization seeks to achieve. These plans and objectives are usually defined by management and communicated to the employees, as well as how they intend to achieve them. These organizational goals are broadly divided into three (3) main categories and these are;

1. Strategic goals.

2. Operational goals.

3. Tactical goals.

A tactical goal can be defined as a target or milestone that are quickly established by the top executives or management of an organization in relation or response to current economic realities as they occur.

Hence, tactical goals are usually concrete and actionable towards a short-term basis.

An example of a tactical goal is deciding that by the end of this fiscal year, we will achieve a 10 percent cost reduction in our office expenses.

In this context, the management has set a target of achieving a 10 percent cost reduction in the smooth operations and running of its business such as in office expenses.

(a) when insurance is obtained through a reciprocal insurer, the insureds are sharing the risk of loss with other subscribers of that reciprocal.

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