Final answer:
Establishing financial targets is an example of how organizational goals function to set standards for evaluating performance, allowing organizations to measure financial success through specific monetary objectives.
Step-by-step explanation:
An example of the functions of an organizational goal: Set standards for evaluating performance is establishing financial targets. This involves setting specific monetary goals that an organization aspires to reach within a given timeframe. Setting such targets allows organizations to measure their financial performance and make informed decisions based on whether those targets are being met, exceeded, or not met. Financial targets can include goals like increasing revenue by a certain percentage, reducing costs, or achieving a particular return on investment (ROI).
Setting these goals enables an organization to track its progress and success in the financial domain, which is crucial for long-term sustainability and growth. Furthermore, such goals help align the efforts of employees with the broader financial objectives of the company, thereby promoting a unified direction for the company's activities.