MBOs CAN BE VERY VALUABLE. Some business gurus feel these may be archaic. I happen to like them a lot, when constructed thoughtfully. Corporate goals and personal goals must be clear and measurable. According to what percentage of your goal you meet, you will be rewarded at year-end with stock/cash bonuses. You can develop these with your whole organization so that they aim to achieve your corporate strategy. At year-end, the management will give the Comp Committee of the board their data summaries and recommendations. This is a great metric to focus and reward achievements, not effort.
linkedin post 2022-06-29 05:12:48
Nigel Fleming
September 21, 2022