Difference between revisions of "Annual objectives"

Latest revision as of 16:05, 15 July 2020

Annual objectives is short-term milestones, usually one year, that organizations must achieve to reach long-term targets/goals.

Annual objectives. Short-term milestones, usually one year, that organizations must achieve to reach long-term targets/goals.

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-[[Annual objectives]] is desired targets to achieve; used to focus/direct/channel efforts and activities of organization members. They (1) represent the basis for allocating resources; (2) are a primary mechanism for evaluating managers; (3) are the major instrument for monitoring progress toward achieving long-term objectives; and (4) establish organizational, divisional, and departmental priorities.
+[[Annual objectives]] is short-term milestones, usually one year, that organizations must achieve to reach long-term targets/goals.
 ==Definition==
 According to the [[Strategic Management by David and David (15th edition)]],
-:[[Annual objectives]]. Desired targets to achieve; used to focus/direct/channel efforts and activities of organization members. They (1) represent the basis for allocating resources; (2) are a primary mechanism for evaluating managers; (3) are the major instrument for monitoring progress toward achieving long-term objectives; and (4) establish organizational, divisional, and departmental priorities.
+:[[Annual objectives]]. Short-term milestones, usually one year, that organizations must achieve to reach long-term targets/goals.
 [[Category: Strategic Management]][[Category: Articles]]