Annual objectives are desired milestones an organization needs to achieve to ensure successful strategy implementation. Annual objectives are essential for strategy implementation for five primary reasons:
They represent the basis for allocating resources.
They are a primary mechanism for evaluating managers.
They enable effective monitoring of progress toward achieving long-term objectives.
They establish organizational, divisional, and departmental priorities.
They are essential for keeping a strategic plan on track.
Considerable time and effort should be devoted to ensuring that annual objectives are well conceived, consistent with long-term objectives, and supportive of strategies to be implemented. Active ...