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Following up

It is possible that, after implementing this approach to management in your business, you will find that it is not working for your business. There are several reasons why this may be the case, the most common of which are not involving upper management in the process of setting and monitoring goals and progression, inadequate or unachievable corporate objectives or not putting proper preparation into installing the planning process.

If the MBO approach has not yielded the results you wanted for your business, consider why and how you can fix these problems before deciding that it will not work for you.

No matter what approach you use to help plan for the future of your business and the development of your staff, it is important to find a planning process that works for you and will yield the results that you want for your business. Planning and goal setting will provide clear targets for you and your staff to achieve, and will ultimately help your business to develop, grow and become more successful.