Goals serve as important motivational factors and are regarded as important instruments for monitoring one’s own performance as well as that of the others.
The objective of goal-setting is to motivate employees of the organization to achieve their goals.
This is done by making employees enthusiastic about goal achievement, assisting them in value identification as well as identification of their long-term and short-term goals employees are made aware of the goals that are most significant to them.
Goals enable people to enjoy the feelings of self-achievement, which can be effectively used to motivate them to achieve their goals.
According to Schuler, “Goal-setting is defined as the tendency to set goals and to make long-term plans to reach these goals”.
According to Hellriegel and Slocum, “Goal-setting is the process of specifying desired outcomes toward which individuals, teams, departments, and organizations will strive and is intended to increase organizational efficiency and effectiveness”.