as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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explain why it is important for organizations to establish organizational goals.
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organizational goals are essential for providing direction to an organization and its employees. they provide a focus for all activities, helping to create an overarching sense of purpose and drive. goals also help organizations measure and track progress, set priorities, communicate more effectively across the organization, and motivate employees to perform to the best of their abilities.
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