Too many businesses have built a massive chasm between the top brass in the company and the management and employees that they oversee. When that happens, the company goals can fall through the gaps that have been created, leaving the majority of the organization unclear of the path they are supposed to be following. The companies that do well tend to use goals and objectives management to ensure that everyone in the company is kept in the loop, no matter how small their role within the organization may be.
What goals and objectives really do is change the way in which everyone in the organization thinks about their job. Too many managers focus on putting out small fires that occur every day, as opposed to keeping everyone on the road to the company goals. When you manage in the short term, you lose sight of the end goal. This usually happens because time and resources are shifted to the perceived crisis of the moment, which does nothing but hurt the long term goals. Management by Objectives instill a results-oriented philosophy were everyone knows the part they play in attaining goals and follows the road ahead without any sort of deviation.
In order for Management by Objectives to work, everyone in the organization must work together to put a plan in place where the goals and objectives can be clearly verified and measured. The plan should accommodate any problems that have been common in the past, with resources put in place to clear those hurdles should they arise again moving forward. Goals and objectives management allows every employee to feel as though they are paying a major role in the decisions that affect not only their own job, but the health of the company overall. When people feel as though their roles are important, it tends to lead to a stronger focus on those goals, with the realization that their input is a part of the company’s success.
A happy workforce usually results in positive results, but Management by Objectives doesn’t simply mean letting employees loose with no checking in on their performance. It’s the manager’s role to ensure that every employee has the resources he or she needs to succeed to help the company meet its goals, but they also have to be held accountable for their actions in the workplace. Just a few underperforming employees can steer the company off course unless they are checked by management and given a clear idea of what is expected from them.
The end result of goals and objectives management is more than just the company meeting all of the goals that it sets. It empowers everyone in the organization and makes them want to contribute more to the cause. Morale spikes upwards when that happens, as does the creative output of each and every person involved in the company. Leader can be born and cultivated throughout this process, ensuring the competitiveness of the business as a whole in the years to come.