When managers go through an objective setting activity, what determines if they set a good objective vs. one thats not a good objective?

Q. 1. When managers go through an objective setting activity, what determines if they set a good objective vs. one thats not a good objective?

Q. 2. In your own company, or at a prior one, how were objectives set? Top down, bottom up, using last years average, etc.?
Were the objectives usually achieved?








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