Management goals are achievement plans communicated to employees. They are specific and clearly defined objectives used to engage employees in the company process and increase performance. Goals can be project- or job-specific or more general, such as determining to give more praise to your employees or opting for fewer more targeted meetings.

SMART goals for managers are specific, measurable, achievable, relevant, and time-bound objectives that guide the actions and performance of a unified team. These goals often drive forward the business and the individuals involved.

Goals are the outcomes you intend to achieve, whereas objectives are the specific actions and measurable steps that you need to take to achieve a goal. Goals and objectives work in tandem to achieve success. If you create goals without clear objectives, you run the risk of not accomplishing your goals.

Management by objectives is a process where employees and their supervisors identify common goals and work together towards those objectives. This management practice involves a continuous evaluation and improvement of the process. The purpose of this strategy is to create a practical guide for employees to achieve organizational goals.