Management By Objectives - Practice

Practice

Objectives need quantifying and monitoring. Reliable management information systems are needed to establish relevant objectives and monitor their "reach ratio" in an objective way. Pay incentives (bonuses) are often linked to results in reaching the objectives.

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Famous quotes containing the word practice:

    A little instruction in the elements of chartography—a little practice in the use of the compass and the spirit level, a topographical map of the town common, an excursion with a road map—would have given me a fat round earth in place of my paper ghost.
    Mary Antin (1881–1949)

    They never consulted with books, and know and can tell much less than they have done. The things which they practice are said not yet to be known.
    Henry David Thoreau (1817–1862)

    If you leave your work for one day, you’ll be out of practice for three.
    Chinese proverb.