Organizational Goals Management is what has been traditionally referred to as “Managing by Objectives” (MBO), as defined by Peter Drucker in his book, “The Practice of Management”. Managing with or by setting Objectives is the correct management approach (as opposed to micromanaging, or worse, managing without any objectives). It aims to improve performance by clearly defining objectives at all levels of the organization as agreed upon by management and employees.
It also involves aligning everyone’s objectives to the company’s top priorities (or Top Corporate Objectives) and then focus all of the efforts on the same key priorities throughout the organization. It helps every manager – from first-line managers to middle managers to senior executives – manage people and their performance by aligning and focusing everyone on results rather than on micromanaging day-to-day activities.
Today, MBOs have been enhanced for the modern world of work and the new modern, agile goal-setting methodology is “Objectives and Key Results” (OKRs). The world’s top performing companies connect everyone within their organization to what matters most, inform all individuals about what is important, establish accurate KPIs for measuring progress, and create clear alignment internally which drives better performance and results.
Managing goals and objectives ensures managers can be more effective and that employees are making progress towards what truly matters to the company:
"Organizations whose employees review and update their objectives on a regular basis are nearly 300% more likely to score in the top quartile of business performance. Unfortunately, only 9% do it."
"Only 24% of companies believe they are doing a great job aligning employees and personal goals with corporate purpose, and nearly as many (22%) actually admit they are weak at alignment."
"A mere 7% of employees today fully understand their company's business strategies and what's expected of them in order to help achieve company goals."
Results you can expect when you deploy Atiim to support Organizational Goals Management: